How Do You Go About Eliminating Credit Card Debt?
Just about everyone has credit card debt. Knowing whether your debt is good or bad is the key to eliminating credit card debt properly. It’s also helpful to find an effective process to eliminate debt, depending on your needs. Research debt elimination strategies and programs. Find out how other people have succeeded at eliminating credit card debt. Pay the card with the highest interest rate first, if your debt is revolving. Keep making minimum payments on the rest of the credit cards and pay more on this card until it is paid off. Call collection agencies if your debt is in collections. Figure out which ones are willing to give you the best payment options and work with you. Pay off the collection account that has been in collections the longest. Pay off subsequent credit cards that are in collections based on the amount of time that they have been in arrears.
