Credit Card Debt

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Credit Card Debt

  1. 1. Tips To Help You Get Out of Credit Card Debt
  2. 2. Stop Using Your Credit Cards <ul><li>Keep card with the lowest interest rate </li></ul><ul><li>Leave it at home </li></ul><ul><li>Cut up the rest </li></ul>
  3. 3. Pay It Off With a Personal Loan <ul><li>Make sure interest on loan is lower than your credit card interest </li></ul>
  4. 4. Pay More Than Minimum Payment <ul><li>Use savings </li></ul><ul><li>Credit Card Interest > Savings Account Interest </li></ul>
  5. 5. Transfer Balance To Other Cards <ul><li>Shop for another card with a lower interest rate </li></ul><ul><li>Beware of initial sign-up deals </li></ul>
  6. 6. Develop a Written Plan <ul><li>Cut down on unnecessary purchases </li></ul><ul><li>Keep track of all purchases made throughout the month </li></ul><ul><li>Pay off cards with the highest balances first </li></ul>

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