Ex Health & Home Shopping Staff Website

Home  |  Memory Lane  |  Products  |  Leavers Poem  |  Articles  |  Guestbook

Get Out of Debt: A Few Simple Steps

Get Out of Debt: A Few Simple Steps


Get Out of Debt: A Few Simple Steps

by Jack Porterfield

Although the economy is slowly emerging from the last recession, there are still several people, who are submerged in the pile of debts and by any means they simply want to get rid of that. One of the most common debts is the credit card debt. Are you also one of those people? Then don't loose your hope, as you can substantially reduce or can even completely eliminate your credit card debt. Many of the people never know when their day to day small purchases added up to such a large debt that now it became a nuisance for them. Many of them never think once about the hidden costs, behind all the purchases, being charged upon them by the credit card issuing bank or any other financial institution.

The ideal way to get rid of the credit card debt is to pay the monthly installments. But as you know the ideal conditions have always been out of the reach of the common man. So, what are there options before you? In this case, you should consider giving a chance to the credit card debt relief facility for your own good.

The first and foremost step of the credit card debt relief is to stop using the credit cards right away. This will help you by not increasing the debt any further. Now, you have to have a definite plan to follow, through which you can eliminate your debt. Make a complete list of all of your debts and then sort them in a definite pattern. The most trustworthy sorting method is to arrange your different debt amounts in their descending order, i.e. put the least debt amount at the top of the list.

Now you strictly need to pay the minimum monthly dues to the largest debt and try to make complete payment for the smallest debt. Once a debt gets settled, you can use the money getting paid to that debt to the next smallest debt. This way you can accelerate the payment, as the more number of debts you settle, you get more spare money to pay for the other debts.

But there is another possibility that you are not even able to pay the minimum monthly dues. So what to do in this situation? Don't get worried. You will need to talk to the credit card issuing company and it is likely that they it put on hold the interest of the debt for a specific time period. In other case, you can also request for a one time settlement on a discount. Don't think it is not possible, as the company will also like to get at least some of their money back rather then pestering you constantly for nothing. So, you can bargain to the company.

There is one thing to remember that always prefer debt relief network over specific debt Settlement Company, as a debt relief network has the affiliation with many of the debt settlement companies, which will provide you far greater choice and reliability.

About the Author:

Top of Get Out of Debt: A Few Simple Steps Page
Back to Articles Page
Back to the Ex-Health & Home Shopping Home Page