Tackling a way to eliminate credit card and other debt can be challenging enough, but dealing with high interest rates and late fees in addition makes it even more challenging to manage.
One of the best ways to eliminate your credit card debt is to establish a weekly payment schedule. It’s much easier to make weekly payments than monthly payments. Also, making weekly payments will cut the amount of overall interest, as credit cards charge interest by the hour.
Another good way to try and eliminate your debt is by seeking advice from the Consumer Counseling Center of America, a nonprofit organization that helps people in serious debt by referring them to credit counselors. Credit counselors will assess your debt and work with you to prepare a debt management plan. Next, the counselors will contact your creditors and try to negotiate lower interest rates and monthly payments. They will help you bring all past due bills current, stop creditor phone calls, and settle seriously overdue bills.
In order for any of things to work, you must exercise financial discipline. This means tightening up on overall spending and living expenses to free up extra...