Debt Tips to reduce your credit card debt
Posted on March 20, 2008
Filed Under debt solution |
Nowadays, credit card are extremely easy to apply for. It’s always one of the top item that you need to settle in your financial debt solution list. By submitting your first few months payslip or with existing credit card, you can any other credit card approved in no time.
I’m sure that most people will get lost where you always overspending with your credit card. If you want to stay away from bad debt, you really got to reduce your credit card debt starting NOW!!!
Below are some of the debt solution tips to reduce your credit card debt:
- Cut/cancel all your credit cards. Left one for expenses during EMERGENCY ONLY. If you really got to use your credit card, make sure you have the money in hand for that purchases. Keep that money aside and settle your payment on your statement due date.
- Switch or balance transfer you outstanding credit card balance to other or same bank with the lower interest rate. Some bank may even offer you no interest for a certain period of time. Negotiate with the bank for a better interest rate before your transfer.
- Pay the outstanding balance with the highest interest rate charges. Namely, which you owe the most.
- If possible, ask for help from your family member, to pay off your credit card debt and you pay it back to them monthly with a lower interest rate compared to bank.
- Face the problem positively, make up your mind to overcome your bad debt situation.
More debt solution tips sharing to come…stay tune!!!
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Debt Solution Sharing was established in 2008 to share my personal debt solution from my previous experiences.
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