Looking for a Solution to Your Credit Card Debt Problem?

September 23, 2011 | Author: | Posted in Credit Card | 2,610 views
Credit Card Debt Problem

Credit Card Debt Problem

9 steps to tackle credit card debt problem

First of all, you can take comfort in the fact that you are not the only one fighting the credit card debt problem. There are hordes of people who might have an even worse credit card debt problem compared to you; all of them seeking to eliminate the credit card debt problem. So what is the solution to credit card debt problem?

Well, the solution really is to smash the credit card debt problem with full force and eliminate it completely. Now how do you do that?

There are many ways in which you can tackle credit card debt problem. Different people suggest different ways of tackling credit card debt problem. However, here is a simple step by step account of what you can do to get rid of credit card debt problem.

  1. Take stock of the situation i.e. draw up a table with the following fields – Credit card name, balance, payment due day (the day of the month by which you are required to make payment of your credit card bill), APR, reward points earned, redemption offers applicable for your reward points balance, remarks.
  2. Fill the table up with data from your various credit cards.
  3. Figure out which credit card is contributing the most to the credit card debt problem i.e. highest APR and highest balance.
  4. Check if reward points can be used to make partial payments or cover any kind of fees or if the points can be bartered for something you need (spending less means preventing the credit card debt problem from getting worse).
  5. Draw a comparison table of offers available for eliminating credit card debt problem (i.e. consolidating credit card debt).
  6. First eliminate debt on the credit card that is contributing the most to the credit card debt problem.
  7. Practice controlled and healthy spending habits (after all you are looking to get rid of credit card debt problem and not aggravate the credit card debt problem).
  8. Look for alternative means of adding to your income (more money means earlier termination of credit card debt problem)
  9. See your debt reduce with time and celebrate the day when you finally put an end to your credit card debt problem.

Remember this is just one of the ways of tackling credit card debt problem; you might devise your approach for doing away with credit card debt problem. Any and every approach is good if it fulfils the objective i.e. eliminates credit card debt problem.

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Comments (4)

  1. Hey Mrbestguide,
    Neat Post, If you are hunting for answers on credit score card consumer debt answers then this is the article for you. Specially we will talk about how you may very well be able to settle all of your credit card debt at a discounted charge, how utilizing a little ingenuity can aid you to help reduce and even get rid of your credit card debt, and how the normal American is approximated to have five credit score cards in their wallet. Right after reading through this piece of writing, you would be wise to be in a position to inform if credit rating card credit card debt methods are best for you.

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  3. Melie

    Hi Author,
    Thanks for the guidelines about solving a certain problem like this. It is more likely to occur in the society. Good thing I’m not fun of having credit cards.
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  4. Your post is very detailed and informative. However, when some of these steps will work for one, they may not work for another especially those who are already stuck in overwhelming credit card debts, receiving countless collection calls each day and those who are already facing lawsuits filed against them. But, if you who is reading this is dealing with a very similar situation, don’t worry too much. The Federal Trade Commission has established guidelines that will protect your rights as a debtor. There are debt relief companies like the Plan B Consultants company that can help you get rid of credit card debts. They will provide you with affordable expert professional help to beat collectors, answer your collection calls and legal notices and win credit card lawsuits.

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