Debt Consolidation

Custom Search
 

Debt Consolidation
Debt Relief
Mortgage
Credit
Bankruptcy
Consolidation Loan Student
Get Out Of
Student Loan Debt
How to Avoid
Debt Consolidation Loans
Debt Collection--Tips for
Debt Management Plans
Consolidate, Before It's
How To Find
Bad Credit Debt
Business Debt and
Christian Debt Consolidation
Consumer Debt Consolidation
Credit Card Debt
Debt and Bill
Debt Consolidation Advice:
Debt Consolidation Companies:
Debt Consolidation Credit
UK Debt Consolidation
Debt Consolidation
Unemployed debt consolidation:
Credit Card Debt
Debt Specialist In
What can debt
Debt reduction companies
Play the Credit
Understanding Credit Card
The Pro's and
Open the Cash
16.4% APR $5,000
Credit Cards Debt
Consolidate All Your
Pay Off Debt
Reducing Credit Card
What is a
Sitemap
Debt Consolidation
Debt Relief
Mortgage
Credit
Bankruptcy
 
How To Get Your Credit Card Payments Under Control
by Lee Dobbins
Credit cards can be a nice convenience but they can also get you into a lot of trouble. If you have charged your cards up to the limit and are now having a hard time paying the bills you are not alone. Statistics show that the average credit car

Credit cards can be a nice convenience but they can also get you into a lot of trouble. If you have charged your cards up to the limit and are now having a hard time paying the bills you are not alone. Statistics show that the average credit card debt for each household in the U.S. is $4,800 per month. Also, there were 1.3 million credit card holders declaring bankruptcy in the year 2003.

There are a couple of things you can do to help yourself get out of debt. The first thing, of course, is to stop using your credit cards! If you cant control your spending, then cut them up or put them away somewhere where they are not easy to get to. Of course, it is a good idea to carry one with you in case of emergency, but if that means you will use it to ruin your credit it may not be worth it!

One step you can take to pay off your credit card debt is to practice what is called debt stacking. You must be very diligent in this, but it is a good alternative for someone who is not eligible for a debt consolidation loan.

With debt stacking, you first create a list of all your monthly credit card debts and order them from smallest payment to largest. Pay the minimum on all these debts and apply any extra towards the smallest payment. When that card is payed off, apply the amount you were paying on that to the next smallest debt.

For example, say you're making $75 payments to a small debt. When the debt is cleared add the $75 to the next debt on your list. If the next debt had a minimum payment of $100, you will now pay $175 until it is paid off. When that one is finished, take the $175 and add it to the next payment and so on.

Another way to get escalating credit debt back in control is credit card debt consolidation. This means taking all your credit card debt consolidation is taking all your credit card payments and consolidating them into one monthly payment. This way, you dont have to worry about managing the payments individually. Aside from this advantage, it may also provide you with the following additional benefits:

- Reduction in interest payments
- Less late and overtime fees
- Reduced monthly payments
- Pay your cards off faster
- Improve your credit
- Save more money in the long run

There are two ways to attack credit card debt consolidation. One way is to use a Credit Card Counseling firm. They assist consumers by consolidating all their monthly payments into one single payment and then dispersing this to the creditors on behalf of the consumers.

The other way is through a home equity loan or other secured loan. This is done by exchanging an unsecured debt (such as credit card debt) for a secured debt (a debt backed by specific assets such as real estate).

Neither one of these solutions will erase your debt without you having to work at it. You will still have a long road to pay off the debt you have accumulated but with a set plan it will make paying off that debt easier as well as establish more responsible use of credit cards for your future.

Find out how to repair your credit with this free credit repair report.

Lee Dobbins is a freelance writer and enjoys writing about many topics including debt and credit repair.

 
The site is not responsible for any content in it. E-mail: alldir[at]gmx[dot]com
debt consolidation, home loan, mortgage, debt free, debt help, refinance, equity loan, unsecured, secured debt, bankruptcy, credit card , bad credit, payday, cash advance, cash settlement, line of credit, student loan, interest rate, borrow money, car loan, adverse credit, compensation, quote, credit score, consolidate debt Oak Grove town Wadsworth township Becket town Killbuck village Lyndon township Concho County Browerville Balance of Taylor County Jefferson township Downsville village Drake Tivoli village Lutcher town Ossipee town Leith East Vandergrift borough Kirkville Fullerton Morrisville town (pt.) Wrightstown borough Atkinson town Balance of Wayne township Parma village Milledgeville village Dallas city (pt.) Fountain village Hesperia Woodhaven Woodland Finley USA UK Australia Canada Maldives Tajikistan Saint Kitts and Nevis Finland Thailand Coral Sea Islands Kiribati Tanzania Norway Brazil Sutherland Wiltshire Buteshire Kent Cornwall Suffolk Essex Derbyshire Renfrewshire Fife Louisiana (LA) Iowa (IA) Montana (MT) Delaware (DE) South Dakota (SD) Virginia (VA) Vermont (VT) Georgia (GA) Wyoming (WY) West Virginia (WV) Vermont (VT) Federated States of Micronesia (FM) New Jersey (NJ) Puerto Rico (PR) Wyoming (WY) District of Columbia (DC) South Carolina (SC) Florida (FL) Delaware (DE) Pennsylvania (PA)