subject: Stop Foreclosure Wipe Out Thousands To End Your Credit Debt Worries! [print this page] Since you already know the interest rates, it is time for you to ask your banks and credit card companies to lower the interest rates. When you call them, ask to speak with a supervisor. The supervisor has the authority to give you a lower interest rate. (Don't take no for an answer, this is what you tell them: The rates are too high and you want it lowered. And also let them know that if they are not willing to lower your interest rate you are considering closing your account and transferring all your credit card balances to the company that is willing to give you the lowest interest rate.
What about how to consolidate your credit card debts - transferring all credit card balances to one credit card - is an effective way of getting out of credit card debts. So when negotiating to get a lower interest rate you should let it be known that your ultimate goal is to get out of credit card debt at the lowest possible cost and not credit card shuffling.
It would be foolish to be paying high interest rates while continuing to save the usual amount, if you are indeed saving. Once you have removed the credit debt you can actually increase your savings by adding the former "credit payment" to your savings account. I looked into a new program called "debt resolution and I was so amazed at how much it remedied my monthly budget and how much I start to save my money!
So a good way to start is to add up all your credit card balances. Divide each balance by the minimum amount you are required to pay each month. This tells you how long it would take to pay off each balance. What you need is to look into a program that can help you with all your bills. Continue making minimum payments on the rest. When that least payment is finished you would pay the next least payment and so on. You would continue using this tactics until you are no longer in debt.
If you follow the above tips and tactics you should be on your way to getting out credit card debts in very short order. In order to get out of credit card debt takes perseverance and willingness to succeed. So whether or not you are being swallowed by the sink hole of credit card debt or you are just starting out to dig yourself into credit card debt - you have to take action before it's too late in order to become debt free.
By using your credit cards, you are paying additional interest on the credit card balance you owe on which you've already been charged interest. Unless you pay the new charges when you are billed you are accumulating additional interest on both present and past charges. Figure out how much credit card debt is costing you. How you may ask! You can determine how much credit card debt is costing you by seeing how much interest rate you have to pay. This is done by reading the fine print on your latest credit card statement. If you do not understand then you call your credit card company and have them explain it to you. By law it is necessary to explain it to you.
Lowering your interest rate is the most effective and easiest way to get your credit card debt problem, but know that you can lower your interest rate to 5% plus wipe out over half of your debt completely by using a debt resolution program rather than debt consolidation or settlement. To learn more about this method visit us today and watch your savings climb and your bills disappear!
Stop Foreclosure Wipe Out Thousands To End Your Credit Debt Worries!
