More Ways to Reduce Credit Card Debt
Credit card debt is a painful reality and we must find ways to deal with it. While throwing away your credit card or hiding it are options, we must look at more long-term solutions. Solutions that will help us save a thousand or more dollars on credit cards. Here are a few suggestions:
- Lower your credit card interest rates and bills by paying off your entire bill each month.
- Wherever possible, use a check, cash or debit card for purchases. This way, you cannot spend more than you’ve got.
- If your balance is too large and you are finding it difficult to pay it off, you can try this method – pay as much as you can. Then go in for a card with a low APR (annual percentage rate).
- Reduce credit card fees by getting rid of all but one or two cards, and by avoiding annual, late payment, and over-the-credit limit fees.
If you enjoyed this article, please bookmark it at del.icio.us »