Credit Card debts are the worst because you never know how much money you are supposed to pay back to the bank and when is the due date.
A single careless mistake could just add up to the pile of your debt and make your life a certain hell. So, how do you avoid it?
How can you get rid of your credit card debt? It’s simple, don’t add more debt but that’s not all, make sure you follow these steps and you will notice that your credit card debts are gone for good now.
Don’t add more debt
This one is the most obvious answer to your bad credit card debts, don’t use your credit card for more purchase.
Hold off on using your credit card unless you have made the current payments and even then use it only during emergencies. This would help you in keeping a track of your credit card debts and help you avoid piling up even more debt.
Throw away your credit cards
The next thing which you could probably do is throw away your credit cards. I don’t mean literally throw away but more like cancel them from the bank.
Just keep one card for emergencies and throw away rest of the cards so that you don’t spend more unnecessarily.
More credit cards mean more shopping and you need to avoid that to protect yourself from debt.
Transfer your credit to a low-interest account
Another way to get your credit card removed would be by transferring the balance to a low-interest or no-interest account and then clearing up that debt as soon as possible.
This will ensure that you don’t have to pay unnecessarily a high-interest rate and you could pay off all your debt soon enough.
Focus on the High-Interest credit cards first
One of the best ways to get rid of your bad credit card debts is by clearing your high-interest credit card first.
Focus on one credit card first preferably the one which charges you the most interest and then either transfer that credit to a lower interest rate account or clear off the payment in one go.
This will save you from paying a high-interest rate on your debt and you would see that your one credit card is clear of all dues.
Pay your credit card bills on time
I don’t think this is a whole lot complicated so just try paying your credit card bills on time. The lesser bills you miss, the fewer late fee and the interest rate you will have to pay. If you can’t pay the whole amount, then at least pay the minimum amount due on your credit card bill so that there won’t be any late fee on it.
If you can’t pay the whole amount, then at least pay the minimum amount due on your credit card bill so that there won’t be any late fee on it. Borrowed from CreditRepairXP, it is probably the first thing you can do to get your credit score back on track.
But do try clearing off your bills as soon as they come. Once you start following this habit you would notice that you have no longer any credit card debt and your credit score has vastly improved.…