Stick to a Plan of Reducing Credit Card Debt
Tuesday, May 8th, 2012
One of the biggest hurdles that many individuals and families face on the path to financial independence is digging out from credit card debt. It doesn’t take long for the balances on multiple credit cards to climb to the point where just the interest charges can amount to several hundred dollars per month. When the first few hundred dollars you pay each month do nothing to reduce your indebtedness, it’s time to come up with a plan to reduce that credit card debt.
While it’s generally not difficult to come up with a plan to lower the credit card balances,...
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Tags: credit card advice, credit card debt, payoff credit card, reduce debt
Posted in Managing Credit | No Comments »
Advice on Using a Windfall to Pay Off Credit Card Debt
Tuesday, March 27th, 2012
Not all unexpected financial developments are bad things. For example, you may find yourself the recipient of a cash windfall. A windfall can come from a number of different sources, including larger than expected tax refunds, inheritances or even winning a contest or sweepstakes.
Since a windfall is not money that you planned on receiving, the amount won’t already have a place within your budget. This means that you have options for what to do with the money. You could spend it all on indulgences, of course, but there are more productive uses that you should consider first. One great...
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Tags: cash windfall, credit card advice, credit card debt, payyoff debt
Posted in Managing Credit | 1 Comment »
How to Cut Your Credit Card Debt
Wednesday, June 1st, 2011
Are you challenged with excessive credit card debt? Don't despair! While credit card debt can feel difficult, it can be overcome with a little work and planning. You can take action today, and achieve mastery over your finances!
Whichever of these strategies you use, avoid the common mistake of running up the balance on your credit cards again. Then you'll potentially have a loan and a credit card balance to deal with. Cut up those cards you don't need (yes, literally!), and move forward with your life on a cash-only basis.
Here is some advice on how to reduce and eliminate...
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Tags: credit card advice, credit card debt, reduce debt
Posted in Managing Credit | No Comments »
5 Easy Ways To Reduce Credit Card Debt
Friday, April 16th, 2010
Did you know that according to census data, the average American household carries nearly $8,000 in credit card debt? For some, that's manageable. But for most households, it signifies a pattern of overspending and paying outrageous amounts of interest. Here is some advice on how to reduce your credit card debt.
Being buried in credit card debt is far from uncommon. But that doesn't mean that's the way it should be. Carrying a high balance on your credit card – or worse, several credit cards – can take a big bite out of your budget. You might only be able...
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Tags: credit card advice, credit card debt, reduce debt
Posted in Managing Credit | 1 Comment »
Reduce Your Credit Card Debt
Thursday, August 27th, 2009
According to the American Banker’s Association, the average American family carries $8,000 in credit card debt. While a lot of companies claim they can magically make this debt disappear, there’s no substitute for formulating a realistic plan to get it paid off. High interest rates and late fees can complicate matters, so it’s important to make a plan and commit to it. There is no quick fix – paying down any debt takes time – but there are several viable options and techniques that can help.
* Prioritize
Make the payment of your credit card debt a...
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Tags: credit card, credit card advice, credit card debt, debt
Posted in Managing Credit | 1 Comment »
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