Don’t Let Credit Card Debt Take Over

206579_2170Want to know how to get out of credit card debt? No matter how bad your debt situation is, I’m here to tell you that you can get out of debt. It’s not going to happen quickly or easily, but if you remain dedicated and focused on your goal, you’ll find yourself no longer in the clutches of debt.

Credit card debt is one of the worst types of debt you can have. With annual interest rates reaching 30% and other fees tacked onto your account, it can simply become too much for some people to handle. Imagine if you have $20,000 in credit card debt with a 30% APR. That’s an extra $6,000 a year in interest alone! And that’s not even including the fees they’re going to hit you with.

The first step in getting out of credit card debt is to take all of those evil plastic cards and cut them up into little pieces. Never again will you fall victim to these credit card companies. Once you’ve thrown away all of your cards, you’ll need to see how bad your debt situation is. If you file all of your credit card statements, then you can take them out and see the details on your account. For those who are less organized, you may have to pull a credit report to check on your debt situation. If you need a credit report, you can pull one for free at This is the only site which allows consumers to receive a free credit report from all three credit bureaus once per year.

With your credit card information on hand, go through each account and find the one with the highest interest rate. To pay off your debt in the fastest manner, you should focus your efforts on the credit card with the highest interest rate first. Once you’ve eliminated this one, move on to the credit card with the second highest interest rate.

For some individuals, paying off their credit cards based on their original terms and conditions is simply not an option. When you’re only treading water and just making minimum payments, it can take some people decades to get out of credit card debt. Thankfully, credit counseling is available to help individuals in similar situations. They’ll talk with you and try to come up with a budgeting plan that will set you on the right path. If this doesn’t work, they may be able to provide set you up with a debt management plan. If this sounds like something that could help you get out of debt, find a reputable credit counselor and give them a call.

Having a large amount of credit card debt and knowing you cant pay it off is a dreadful feeling. If you’re in this situation, don’t be afraid to ask for help. Credit counseling agencies are readily available to help people just like you. Find a reputable one either online or locally and see what type of professional advice they can give you.

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