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LawrenceHi my name is Lawrence and I am on my way to become a 100% debt free man. On this site I will share with you my experience of debt enslavement and how I systematically cleared my debt one by one. If I can do it then you can do it also. It does not matter in what financial situation you find yourself in. You can clear all of your debt and live a debt free lifestyle. How to Manage your Debt - Learn how to become DEBT free today!

 


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Credit Card Debt - How To Get Out Of Credit Card Debt - Clear Cedit Cards

A Credit card can be either your best friend or worst enemy, if not used properly. They are convenient and so light weight plastic, but they can give you sleepless nights and even ruin your life.

Ask me I had 4 credit cards and also other debt.

If not used properly then credit cards can enslave you and make your life miserable.

Credit card debt can cause sleepless nights

* Credit Card DEBT

Sometimes you get into a perpetual cycle of debt by paying your minimum payments on your credit cards then you end up using it again and again. There are times that you pay another credit card with a credit card. The problem is the interest rate can spiral higher and higher.  I've experienced this and it is not nice when you have to live from hand to mouth.  Basically just working to pay of your debt.

Don't get me wrong, because there is nothing wrong with having a credit card if you know how to use it.  Some companies give you interest free credit if you pay in full the loaned amount in full with a period of time e.g. 30 days etc. So a credit card can be handy in emergencies or for spending in travelling abroad.

I recommend that you bring your credit card to a zero balance and then put your own money on it. By adding your own money on your credit card will bring it into a positive balance.  So when you swipe your credit card you will use your money first.

Steps of how  to get out of credit card debt

  • Don't live beyound your means
  • Be honest with yourself and acknowledge that you have a problem
  • If you cannot afford something then rather save up and buy it later. Don't make a loan by swiping your card.
  • Cut out binge spending
  • Have self control
  • Cut up your credit card(s) so that you cannot use it. This will force you just to make payments on your credit cards to clear.
  • ....

What I mentioned above are just a couple of things that can help you to break the debt bondage in your life.

You want to enjoy your hard earned cash to spoil and pamper yourself, family or even close friends and relatives.

The key is to make a conciece decision of wanting to change.

Set yourself goals and write it down. See it, believe it and achieve it. Simple!

 
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