Credit Card Debt
Credit Card Debt – Simple Steps to Getting it Under Control
People are losing jobs and credit card debt is sky rocketing. As you can imagine this is not a coincidence. It’s simple math that if the amount of income coming into your home is going down and the expenses are still the same then the amount of debt will grow. Your family, friends and neighbors are more than likely facing this same uphill climb. Comprehensive Debt Management is a great place to help find answers through our free blogs and forums. Other people who have taken on debit and won can share their ideas saving you time and money.
So you have credit card debt that is out of control, how do you get a handle on it? Let’s start by laying out the cards, making a list of what you owe on each one and then most importantly the interest rate you are paying. When tackling this kind of debt there are a couple of ways you can go about it. One would be to work on paying them down yourself and the other would be contacting the credit card companies themselves to negotiate a lower settlement. Let’s begin with the first option of paying down the debt on your own and at a quicker pace. A simple tip is to pay each card twice a month and this doesn’t mean paying twice as much. Because of the way credit card interest is charged to you, taking your normal payment and dividing it into take dramatically cut down the time it takes to pay it off.
The second option is to contact the credit card companies themselves and try to negotiate an amount they will take. You may even find recommendations of companies on our blogs and forums on Comprehensive Debt Management that will do this for you. Depending on the amount of credit card debt that you owe and the number of creditors that you have, you may decide that hiring a professional is better than doing it yourself. Companies that have experience in this area will know what credit card companies will do on average and what they won’t. They know what information to share with them and what not to share.
But with that said it is possible to do it yourself as well and the blogs and forums you will find here can be of great help when you are looking for advice on credit card debt and to how escape from underneath it.
Great news, after the amazing success of our UK site, we are also launching a .com site, aimed towards our US readers. If any US readers needs help now, then they can go to our UK site and fill the form in on the main page. With our extensive contacts with in the financial industry we are now able to find ethical companies, who will actually put you first!!!
Again the service we provide will be FREE, we are only funded by the Ads at the bottom of the page, if you like us please click on some ads!!
Debt Management
Want to become an affiliate? then click here
So you have credit card debt that is out of control, how do you get a handle on it? Let’s start by laying out the cards, making a list of what you owe on each one and then most importantly the interest rate you are paying. When tackling this kind of debt there are a couple of ways you can go about it. One would be to work on paying them down yourself and the other would be contacting the credit card companies themselves to negotiate a lower settlement. Let’s begin with the first option of paying down the debt on your own and at a quicker pace. A simple tip is to pay each card twice a month and this doesn’t mean paying twice as much. Because of the way credit card interest is charged to you, taking your normal payment and dividing it into take dramatically cut down the time it takes to pay it off.
The second option is to contact the credit card companies themselves and try to negotiate an amount they will take. You may even find recommendations of companies on our blogs and forums on Comprehensive Debt Management that will do this for you. Depending on the amount of credit card debt that you owe and the number of creditors that you have, you may decide that hiring a professional is better than doing it yourself. Companies that have experience in this area will know what credit card companies will do on average and what they won’t. They know what information to share with them and what not to share.
But with that said it is possible to do it yourself as well and the blogs and forums you will find here can be of great help when you are looking for advice on credit card debt and to how escape from underneath it.
Great news, after the amazing success of our UK site, we are also launching a .com site, aimed towards our US readers. If any US readers needs help now, then they can go to our UK site and fill the form in on the main page. With our extensive contacts with in the financial industry we are now able to find ethical companies, who will actually put you first!!!
Again the service we provide will be FREE, we are only funded by the Ads at the bottom of the page, if you like us please click on some ads!!
Debt Management
Want to become an affiliate? then click here
