Q: What can I do to better manage my credit card debt?

A: If you're able, you should always pay the minimum payment as soon as you receive your bill. If you can pay more later, do so, but missing or even being late with just one payment can seriously tarnish your credit rating and subject you to higher interest rates.

If you find yourself in rather serious credit card debt, the first thing you need to do is stop spending on non-essential items. Even essentials, if you use a credit card to buy them, should only be purchased if you're able to pay off the charges, in full, the next month.

When your minimum payments start to go down because you've chipped away at your balances, don't fall for the trap of paying the new, lower minimum payment -- keep on paying the old minimum. This way, your balance will drop even faster.

But if you're simply not able to manage your credit card debt on your own, there are trained professionals who can help you. Look into credit counseling, debt management, and debt settlement services before even considering bankruptcy.

Other Credit Card Debt FAQ's Related Credit Card Debt Articles
Begin Online or Call 1-888-439-5454

Find the Right Debt Solution
Start With a FREE Debt Analysis

1. Which of these best describes why you are
    in debt?

2. What types of debt do you have?
    (please check all that apply)
img
Please Note: Unsecured debts are debts such as credit cards, personal loans, lines of credit, store cards, medical bills, and utility bills that are not secured by collateral. Mortgages and car loans are NOT considered unsecured debt.
Privacy Policy | Terms & Conditions | Sitemap | © 2004-2009 Triad Media Solutions, Inc. All Rights Reserved.