Every one of us has gone through their share of debt, it’s just the norm nowadays. The question is; when is enough, enough.Here are Solution of credit card debt.
First solution of credit card debt is to pay the minimum on all of your credit cards, and attack one by one, starting with the lowest balance. Now, of course, you tell me that it doesn’t make sense, because of your interest rate. You are totally right, and where has that thinking got you now?
For every credit card that you pay off, you now transfer that monthly payment that you have been spending to pay down the previous card, and apply it to the next credit card with the least balance. Do this many times, and it becomes a spiraling effect, in no time you will relinquish yourself of all credit card debt.
Do not use your credit card for purchases, until you have the discipline to pay the balance in full each month. Your credit limit is a big tease, the creditor wants you to buy things you can’t afford so that they can get you on interest later.
Always keep a balance less than 30% , this shows responsibility with the credit bureaus and will give you a decent credit score.