How can I Reduce Credit Card Debt?
Mounting credit card debt is a common problem facing consumers. With a careful plan, you can reduce credit card debt and remove the stress that comes along with it. The most important step you must take to reduce credit card debt is to stop using your credit cards. It’s common sense that the larger the debt is, the longer it will take to pay it off. However, only paying cash for all of life’s needs can be a scary proposition. Cut up all of your credit cards so they’re not available. If if makes you feel more secure, you may want to keep one card for emergencies. But give it to a family member, freeze it in a block of ice, do something so that you have to consider whether it’s truly an emergency. Now that you’re not adding to your debt through spending, decreasing the interest that accrues every day is the next way to reduce credit card debt. Look for the credit card with the lowest interest rate, and consolidate your debt. Call your credit card companies and see if they can offer you a
