9 Steps to Fix Your Credit Card Problem
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First of all, you can take comfort in the fact that
you are not the only one fighting the credit card
debt problem. There are hordes of people who
might have an even worse credit card debt
problem compared to you; all of them seeking to
eliminate the credit card debt problem. So what is
the solution to credit card debt problem?
Well, the solution really is to smash the credit
card debt problem with full force and eliminate it
completely. Now how do you do that?
There are many ways in which you can tackle
credit card debt problem. Different people
suggest different ways of tackling credit card
debt problem. However, here is a simple step by
step account of what you can do to get rid of
credit card debt problem.
1.
Take stock of the situation i.e. draw up a
table with the following fields – Credit card
name, balance, payment due day (the day of the
month by which you are required to make
payment of your credit card bill), APR, reward
points earned, redemption offers applicable for
your reward points balance, remarks.
2.
Fill the table up with data from your
various credit cards.
3.
Figure out which credit card is
contributing the most to the credit card debt
problem i.e. highest APR and highest balance.
4.
Check if reward points can be used to
make partial payments or cover any kind of fees
or if the points can be bartered for something you
need (spending less means preventing the credit
card debt problem from getting worse).
5.
Draw a comparison table of offers
available for eliminating credit card debt problem
(i.e. consolidating credit card debt).
6.
First eliminate debt on the credit card that
is contributing the most to the credit card debt
problem.
7.
Practice controlled and healthy spending
habits (after all you are looking to get rid of
credit card debt problem and not aggravate the
credit card debt problem).
8.
Look for alternative means of adding to
your income (more money means earlier
termination of credit car