5 Tips To Reducing Excessive Credit Card Debt
1)pay off credit card debt : Surely, to be able to pay off is really a great achievement in itself for not everyone is able to pay off credit card debt. To pay off the debt takes a lot of discipline and planning.
2) Consolidate credit card debt : It means consolidating the debt on various credit cards into one or two credit card. This consolidation can be done either through Balance transfer or a low interest bank loan
3)credit card debt negotiation : Asking your current credit card suppliers for help in clearing off your debt is credit card debt negotiation. If the negotiation is successful, it will save you not only money due to reduction in APR but also the hassle that is associated with finding for a new credit card to transfer balance.
4) credit card debt settlement : Whatever be the reason for employing a debt settlement agency, good agencies that offer settlement services surely help. But, it’s important that you choose a good settlement company. Do not fall for ads of settlement companies that claim to wipe off your debt overnight. No settlement agency can do that. Select a settlement company that has verifiable credentials or you know has a good reputation.
5)Balance Transfer : Balance transfer is often treated as the number one measure to reduce credit card debt. This is really something that can help reduce the debt by slowing down the pace at which your credit card debt is getting built. Also gives you relief in terms of the APR being zero per cent for initial six to nine months and hence helps reduce the debt sooner.
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