Credit Tips ? Simple Credit Card Debt Tips to Remove Your Debts ...

Credit card debt is something nobody wants to hear about, especially in this economy. Bad debt is even worse. You might consider that bankruptcy is your only option. However, that may not be the case.

Here are a few tips that will help you reduce your debts and find your way out of this vicious circle:

1. Pay more than the minimum.

The amount that you don?t pay will be added to the total for the next month creating a larger minimum pay. You must also pay on time, as the banks will add finance charges for each day overdue.

2. Negotiate a deal with your credit card company.

Some companies don?t want you to completely back down from your obligations, so they will consider lowering your interest rates or cut off your future finance charges, if you tell them you have financial difficulties. Another option would be to negotiate a deal with a different credit card company. They might pay off your debt if you switch. You can then call your old company back, present them the new offer and see if they will offer you a better deal.

3. Money management.

Set your own deadline each month for paying bills or keep track of your financial records with money managing software programs.

4. Review your spending habits.

Money is easy come easy go, there?s no doubt about it. One day you have it, the next day it?s out the window. Spend on only what you need and what is necessary. If you have vices like smoking, consider the health and financial benefits that quitting would bring you.

5. Hide your credit card.

Try paying only cash instead of using ?plastic money?. The last thing you want to do is add to that debt. It?s tempting to know that with just one swipe, you can buy anything you like, but it only makes it harder for you in the long run.

Follow these tips and before you know it, you?ll have the economic freedom that you deserve.

Debt settlement is a viable alternative to filing bankruptcy. Most consumers are able to eliminate at least 60% of their unsecured debt while avoiding many of the negative consequences with filing bankruptcy. If you are over $10k in unsecured debt you will be eligible for debt settlement. To locate legitimate debt settlement companies in your state check out the following link:

Free Debt Advice [http://www.debtreliefemergency.com]

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