How Do You Pay Down Credit Card Debt Quicker?
Credit card debt is a serious burden for anyone’s personal finances, especially in today’s economic climate. There is no easy button for paying down debt. It is a gradual process that takes time. But with the right discipline and determination you can make a little money go a long way toward becoming debt-free. The first step to paying down your credit card debt is obvious: Stop making new charges on your card. Although obvious, I mention it here because it is easier said than done. However, if you want to pay off a balance on a revolving card it is absolutely essential to stop making new charges. If you absolutely cannot live without using your credit card, stop making charges on one of your cards while you pay it down using the following steps. Once it’s paid off completely, use it for all your charges and pay them off completely each month. At that point stop using your other cards until those are completely paid off. Pay more than your minimum payment, even if you can only afford o
