Here are strategies that you can use to gradually pay down your credit card charges for you to eventually free yourself from all forms of debt. Check our reviews of guaranteed approval store credit cards on this page https://www.newhorizon.org/Info/catalog-credit-cards.htm

1. How to Repay Your
Credit Card Debt

2. 3 Great Strategies for Credit Cardholders
In the paragraphs below, we have enumerated strategies that you can use
to gradually pay down your credit card charges for you to eventually free
yourself from all forms of debt.

3. Pay off the balance on the cards that carry the
highest rates of interest.
Do you think you pay way too much cash on your interest charges, especially because your
guaranteed approval store credit cards carry high APR’s? If you do then, there’s a simple
solution to your problem. That is, to pay first the balance on the credit card that imposes
the highest interest rate.
To do this, you need to review the rates of interest imposed on the lines of credit you
currently have. Take out the fine print of your card programs and determine what the APR
is for each credit card. Then, make a priority list as to which credit card you need to pay off
first, based on their interest rates. In so doing, you can generate huge savings on the
payments you make on interest charges. More importantly, you can allocate such savings
to settle your other credit card bills, so that it will be easier for you to juggle your credit
payments with your personal or household expenses.

4. Settle the charges on the line of credit that has
the lowest balance.
You can also benefit from paying first the credit card that has the lowest balance and
eventually moving your way up your list. This way, it will be easier for you to reduce
the number of your open credit accounts. And you can concentrate your efforts to
pay off your huge credit card bills, later on.
The only downside to this strategy is that you might be incurring huge interest
charges on your credit card balance. So, try to consider first the APR as well as the
other charges that might apply to your card programs. Then, try to consider if this
strategy will be suitable to your situation, before you decide to use it.

5. Come up with a new budget plan.
Do you find it difficult to juggle your credit card bills with your personal or household
expenses? If you do then, you might need to re-think your budget plan. After all, there
could still be rooms for improvement with how you manage your personal finances.
For instance, ask yourself these questions: How much do I spend each month? Do I spend
cash only on necessary and important commodities? How much of my salary goes to
products and services that I can live without? Can I curb my spending habits to set aside
more funds to cover my credit card bills?
Keep in mind that the answers to these questions will help you draw up a new budget that
will be in synch with your guaranteed approval store credit cards debt repayment plan.
That way, it will be easier for you to pay off your credit card debts. And in time, you can
reap the benefits of having a good credit standing.