Take Advantage of Credit Card Debt Counseling and Get Rid of Your Debt
One of the best ways to get out of credit card debt is to start paying it down weekly instead of monthly. There are many advantages to this. It is easier to clear out your balance as you incur it weekly. Interest will not accrue as much since the balance that interest is charged on is lower. A smaller weekly payment will seem less daunting to pay than the larger monthly one.
Another very good way to get your credit card debt under control is to seek the advice of the Consumer Counseling Center of America. This organization is a non profit organization that seeks to assist people with serious debt problems. A credit counselor is assigned to the consumer and he Will review all of the outstanding debt of the consumer and work with the consumer on preparing an "action plan" to reduce and eventually eliminate the debt. As part of their duties, they will contact the creditors to negotiate more favorable interest rates and repayment schedules. CCCA will also help the consumer to bring past due balances up to date and work with the consumer to keep them current, settle the most overdue accounts and contact collection agencies to stop the harassment.
But the only real way working with CCCA and agencies like this is for the consumer to start practicing strict financial discipline. Any one who has large credit card debt must break the plastic habit. The plans the counselor sets up will not work if the consumer continues to shop and pile on the debt. What is usually adviced is that all credit cards are destroyed except one that can be kept in case of emergency.
If possible, the credit card balances should be transferred to the credit card that has the lowest interest rate. If zero percent offers are received, they should be taken advantage of. When used properly, they can cut debt quickly; just be careful that you don't get caught with a high percentage loan after the introductory period.
Be wary of any company that promises it will slash your credit card debt, for a small fee. Many, many people have been stung by these credit repairers or so called credit doctors. Make sure you know the background of any credit counselor you decide to work with.
You, and only you can reduce your debt. Make a budget with a reasonable spending limit, make sure you stick to it and stop credit card use. You will be very happy once you are credit card debt-free.
Related Tags: credit card debt
The collaborator Peter Wilson is very excited about topics related to remodeling. Sharing his passion in reports such as http://www.kitchen-cabinets-tips.com, he demonstrated his expertise on questions about kitchen cabinets and home improvement.Your Article Search Directory : Find in Articles
Recent articles in this category:
- Debt Settlement Programs In 2010 - Learn How To Get Your Debt Bought Out
Are you (interested in|searching for} some great information on debt settlement programs?Are you sea
- Many Ways In Which A Debt Settlement Company Can Help You
Have a look at the latest figures of total personal debt in the United Kingdom. As per the reports,
- Debt Consolidation Services Whats Best For You
A debt consolidation service is really a loan that is applied for to pay off pre-existing debt. Prec
- Debt Consolidation Advice
If you don't know how to repay your various debts, and find your creditors chasing you for the payme
- The Guide To Debt Solutions
By the end of 2009, the number of personal insolvencies that had been filed in courtrooms around Eng
- What Debt Solutions Do You Have Available?
For people who find themselves in a difficult financial situation there are a number of debt solutio
- Government Debt Management Help And Advice
No matter how good your money management skills are, there might come a time when you'll find yourse
- Paradise Found With Debt Consolidation
Paradise Lost-Paradise Found with Debt ConsolidationIf your life and the life or your family is not
- How To Consolidate Credit Card Debt?
Have you ever wondered if what you know about Consolidate Credit Card Debt is accurate? Consider the
- A Very Simple Approach To Debt Reduction That Works.
Debt Reduction seems to have become fashionable and its not considered a dirty word anymore. The eco
Most viewed articles in this category:
- Help is Around With Consolidation Loans
If piling debts is a cause of concern for you, then read on to find the key to solve your problems.
- Debt Consolidation Loans: it is Never Too Late to Mend your Ways
The fulfilment of desires in our lives is like mirage; the more you chase them, the more they seem t
- Debt Consolidation To Avoid Further Damage To Your Credit!
So if you are beginning to miss payments or pay late and you fear your credit will get ruined, it's
- Reduce Credit Card Debt by Managing Debt
Reducing your credit card debt is not easy, and requires planning and discipline. We all know that
- Consolidate Debt Through a Bad Credit Mortgage
How can anything called a "bad" credit mortgage be considered good? You would be surprised that it
- Debt Consolidation Loans - Bring your Finances Back on the Track
Debt consolidation loans enable one to pay off all his debts in one go. It is an option to merge all
- Time Share Your Way Into Debt
Cancun, do you want to live here for a couple weeks a year? Hey if you want to learn how come attend
- Roll your Debts Into a Single Manageable Debt With the Debt Consolidation Loans
Are you deep into debt but clueless on how to get out of it? Are you losing your nerves keeping trac
- Debt Consolidation - Is it Right for Me?
Many people search for a way to bring life back into their finances and relieve their ever growing
- Do not Drag your Feet Go for School Loan Consolidation
You may be the one who has a habit of making last minute rush. Whether it is rolling out of bed just