Today people can’t imagine their lives without credit cards. These are both tempting and risky, one false move and you are in debt. If this happens, do not panic, approach it wisely. Here are some simple tips to reduce or eliminate your credit card debt.
Tip 1: Stop using your credit cards to avoid new debt. Use your cash instead.
Tip 2: Consolidate all your credit card debts onto one card. It may be your existing credit card with the lowest interest rate or a new credit card with a balance transfer option and an interest rate lower than your existing credit cards.
Tip 3: Pay more than your minimum monthly payment. Think out your credit card pay off schedule and keep to it.
Be a responsible credit card holder and do not let credit card debt overwhelm you.