Credit Card articles

Do you have a large existing credit card balance? Are you tired of paying too much in interest every month while you try to pay down that credit card debt?

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When you hear the word “debt,” what do you think of? Chances are good you don’t think of anything positive. Even though you’ve probably already heard that there are things known as “good debts” and “bad debts,” that d-word can still carry a generally negative vibe. read more >

Are you buried under a mountain of debt and trying to figure out how to dig your way out? Whether bulk of your problem is credit card debt or some other kind of loan, one of the most important things you can do is prioritise your debts so you know which to tackle first (to help you get out of debt as fast as possible).

But how do you prioritise your debts? There are three main things you should probably consider when doing so. read more >

Do you have too much credit card debt? Is that debt spread across several different credit cards? If you’re tired of dealing with multiple payment due dates, several statements to review, and different interest rates being charged, you might want to consider credit card debt consolidation.

Let’s look at credit card debt consolidation, what it is, and whether or not it’s a good idea in your situation. read more >

If you feel like your credit card debt is too overwhelming to tackle with traditional debt reduction plans because you have too many different accounts, you might consider debt consolidation. What does that mean? Basically you combine all of your existing smaller debts into one larger one. You then have one monthly payment to make and only one due date to remember.

The original accounts are essentially paid off and you have a new, albeit larger, debt. You won’t necessarily owe less money (although you can save on interest sometimes), but it’s about simplifying your credit card debt so you can tackle it more effectively. read more >

This article is part of a series on credit card debt reduction strategies. Visit the links at the end of this article to read about other debt reduction strategies to find one that’s right for you. These will be added once the articles have been published.

There is no “right” or “wrong” way to pay off your credit card debt. In fact, there are many schools of thought as to which debt reduction strategy is the best. We understand that everyone’s situation is different, and that different debt reduction strategies will work for different people. Today we’ll look at one option: paying off your lowest credit card balances first. read more >