How Do I Eliminate Credit Card Debt ?
November 23rd, 2008 | 
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Pay more than your minimum balance. As much as you possibly can!! If you have any 3% or 4% transfer deals that last for the LIFE OF THE TRANSFER – go for it. This is the best way to deal with large debt.
One thing I can say – from experience – Don't go crazy on spending to try to create a credit history for yourself. small purchases and paying them off is all it takes. If you are already in big debt – stop using your card and just use cash – if you can't afford what you want – then wait until you can afford it. But try to hold off and use that money towards paying the CC debt.
I opened up my first cards like 13 years ago and didn't know what I was doing. I used to buy all kinds of stuff on them just because I was trying to help myself to grow my credit. Well I found out the long and tedious way… that this is not a good idea. After 10 long years of buckling down and being on a strict budget we are finally out of debt. I never missed payments and always remained in good standing with my creditors. After paying off the $57,000 we are now DEBT FREE! Now I use the credit card the way it was really designed for…. to not have to have cash on me at the time but to know that I can pay it off in FULL when that bill comes.
Credit is not ment for living beyond your means – it is a tool to be used wisely. So many people out there now-a-days live way beyond their means – in that they put everything on credit and then pay the minimums. If you can't afford to buy it today with the cash in your account – then you just can't afford it! If you adopt this attitude you will keep yourself from alot of heartache and mountains of CC debt.
Good luck & be smart about using your CC 
Posted in eliminate credit debt
pay your bills as often as possible for instance pay the max instead of the m in.
References :
if you pay the minimum due every two weeks, this will prevent paying a huge amount of compound interest that is combined when you only pay monthly. This will also aid in paying off your credit card debts rather quickly while saving a huge amount of unnecessary interest debt.
"There is nothing more powerful than compound interest" – Albert Einstein
References :
Pay more than your minimum balance. As much as you possibly can!! If you have any 3% or 4% transfer deals that last for the LIFE OF THE TRANSFER – go for it. This is the best way to deal with large debt.
One thing I can say – from experience – Don't go crazy on spending to try to create a credit history for yourself. small purchases and paying them off is all it takes. If you are already in big debt – stop using your card and just use cash – if you can't afford what you want – then wait until you can afford it. But try to hold off and use that money towards paying the CC debt.
I opened up my first cards like 13 years ago and didn't know what I was doing. I used to buy all kinds of stuff on them just because I was trying to help myself to grow my credit. Well I found out the long and tedious way… that this is not a good idea. After 10 long years of buckling down and being on a strict budget we are finally out of debt. I never missed payments and always remained in good standing with my creditors. After paying off the $57,000 we are now DEBT FREE! Now I use the credit card the way it was really designed for…. to not have to have cash on me at the time but to know that I can pay it off in FULL when that bill comes.
Credit is not ment for living beyond your means – it is a tool to be used wisely. So many people out there now-a-days live way beyond their means – in that they put everything on credit and then pay the minimums. If you can't afford to buy it today with the cash in your account – then you just can't afford it! If you adopt this attitude you will keep yourself from alot of heartache and mountains of CC debt.
Good luck & be smart about using your CC
References :
Was in debt for $57,000 – CC not house loans – Paid it all off!
I AM FREE!!
Try and consolidate and get as low of an interest rate as possible. Samuel Blankson has written many books on debt. You should look into it.
References :
http://www.samuel-blankson.com