Persistence and dedication - these are two key characteristics you need to eliminate your debt.
And while the above
is true, there are many, many things you can do to totally eliminate your
debt. If your debt looks insurmountable, you
can contact us for a free consultation. If you feel, however, that
you can live with the hard times that come with tightening your belt,
consider some of these options:
However, this payment usually covers very little of the total principal, and instead pays only finance charges. Budgeting to pay more than the monthly minimum payment will save you thousands of dollars over the long term, and lower your balance dramatically.
Cancel Your Cards
The sole card you have left should feature the lowest interest rate. Now that you've taken this step, make sure you don't use your final credit card unless you absolutely must.
Get Your Debts
Once one high-rate card is paid off, cancel it, and start paying off the next card. It is a tough, long road, but for some people, it is the best way to eliminate their debt, particularly if the debt level is under $15000.
When the total minimum
payments are more than you can afford, you are in a much deeper dilemma.
We recommend you contact us today for a free