Almost 70% of credit card holders do not use it correctly. Most of them miss their payments (and have to pay additional late charges), carry balances in it, exceed their limits and accrue a lot of interest on their balances. Eventually, the monthly minimum they can afford to pay ends up being just enough to cover the interest fees for the month. The principle does not decrease and with the addition of other usual charges, the balances only keep increasing.
A settlement can get you out of debt really quickly and if you do get rid of a big part of your debt you can pay the rest of it in installments. This can be over 2-3 years, less or more, depending on the debt you have. Imagine having the minimum debt and getting a 50% discount, it will only leave you with $5000 dollars to pay back. This can be paid in 2 years easily and without making too many sacrifices. Of course, if you do have the money you can always pay it after your debt is settled. There’s no reason you should stay in debt when there are so many great solutions for it.
credit card debt can be really hard for people dealing with other financial problems caused by recession. Although having consolidate monthly debts can really be painful for your financials situation, there are ways to manage everything. You can become credit card debt free in 1-3 years if you choose the right debt relief method. Debt settlement is the method proposed also by the government for people who have to deal with more than ten thousand dollars debt. Financial settlement will make your life easier and stress free.
First and foremost, you need to close off your accounts save for one. We are trying to eliminate it but we still want to keep your credit score up. You need at least one card to prove that you are a responsible borrower. However, make sure that you will keep the balance of this card to zero – unless there is a real need for it. This act will help you maintain a good score while restricting the amount of debt that you could end up accumulating.
#1 If you only have a small amount of debt, just continue paying the monthly installments and stick to it until you finally finish all your obligations.
The best thing about MyPoints is, unlike other programs like this online, you can actually earn enough points to get the gift cards without much trouble. Only 3,750 points will get you a $50.00 gift card for Walmart. A $50.00 Walmart gift card can get you quite a few holiday gifts.
So now what are you waiting for? Do not procrastinate. Start cutting your expenses now and plan your way in cutting your credit card debts. There is nothing better than knowing you can finally set yourself free from your credit card debt elimination woes.