Credit card debt can quickly become a burden. So, it's no surprise that you want to eliminate yours as quickly as possible. Follow these steps toget rid of your credit card debt: Step 1: Assess your debt Start by getting a detailed understanding of your debt. The best way to do so ...
Many Americans struggle with credit card debt, with the average credit card user carrying a balance of $6,329. "[The current] economy, with its high interest rates and job insecurity, has led many to rely on credit cards [for basic expenses]," says Vonda Copeland, co-owner of Copeland...
Your first step—before you commit to a credit card consolidation solution—is to understand your current credit situation. Once you know exactly where your credit card debt stands, you can find and then select a solution that meets your specific needs. As you move towards a zero balance, you...
The amount of debt you owe on your credit card is one of the biggest factors affecting your credit score. Generally, it’s not a good idea to max out your credit card. If you do use up your entire credit limit on your card, you'll discover that your credit score may go down. And...
Credit card debt is expensive, and having too much of it can hurt your credit score. Credit cards have high interest rates, so any balance left at the end of the month can grow quickly. To reduce your credit card debt, pay off as much of your balance as you can at the end of each...
If you want to be one of those people reducing their debt, explore these options. How to get out of credit card debt 1. Stay on top of payments Pay more than minimums on your credit card bills Credit card issuers give you a monthly minimum payment, often around 2% of the balance. In...
Credit card debt doesn’t disappear after death. In most cases, it’s either paid off through the estate’s assets or becomes the responsibility of a joint account holder or cosigner. If an estate can’t cover the debt, the remaining debt may impact beneficiaries and, in certain cases, ...
Credit card debt can be stressful and prevent you from reaching your financial goals. Several different strategies can help you get out of credit card debt — from payoff plans like the avalanche and snowball methods to consolidation products like balance transfer credit cards and personal loans....
5 ways to avoid a credit card debt trapTania Kishore Jaleel
INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE. Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Chris Kidd. Price and Kidd discuss creative strategies to fight credit card debt. With the cu