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Credit Card Debt - No More

Tina T Willer
Jul 11, 2008
Credit card debt and credit card usage has become habitual for many people in the west. Even though credit cards have the highest interest rates of all the debts we carry, many of us use them on a regular basis. Because of their convenience and deferred payments, today they are used much more than cash.

There are a many ways to pay off credit card debt and many people achieve this feat. Surely, to be able to pay off your credit card debt is a great achievement in itself for not everyone is able to do it. It takes a lot of discipline, restraint, planning and perseverance to finally pay off all your credit card debt.

It is not difficult to eliminate credit card debt but it does require a change of habits, especially spending habits, you may have taken years to build. Eliminating debt is step one and keeping it paid down is a big step two, which should last the rest of your life. The key is to create a doable plan and stick to until your credit card debt is completely paid off.

Some people fail after they have succeeded in paying off credit card debt. These are those people who let themselves loose and go on a spending spree as soon as they pay off credit card debt. Soon, these people again land up with credit card debt and are again trying to pay off that credit card debt.

So, it's not enough to just pay off your credit card debt. It is equally as important to maintain a debt-free status after you pay off credit card debt; only then can you enjoy a stress-free life in this world of credit cards. Learn your lessons well and do not let yourself loose on the path to another credit card debt.

It has been shown that habits take at least 30 day to change. It should take more than 30 days of different spending and payoff habits to eliminate your credit card debt. The key is to keep these habits up once your debt has been eliminated. Below are simple rules you can utilize to keep your credit card debt down. There are many more but these few can be implemented without too much stress:

1) Do not overspend. Yielding to the sale offers for something that you don't really need, is a big mistake that leads to overspending.

2) Only charge when you have absolutely no other alternative.

3) Use your credit cards like a 25 - 30 day interest free loan. Pay it off before just the finance charges kick in.

4) Don't hold more than 2 credit card accounts (two are enough for anyone).

Adding these rules, and other rules that work for you, will eliminate stress and you paying any unnecessary interest. It has helped me considerably to not apply for any credit card offers that are mailed to me, although it is tempting to do so. You can use the extra money, you had paid in interest, on other necessities or even luxuries that will add to the quality of your life. Take it from one who has had experience, life after credit card debt is a lot less stressful, costly and the new habits you will acquire are much smarter.
About the Author
Tina T Willer, MBA Is A Speaker, Writer And The Author Of Articles And E-books on Personal Finances. If You Want Reliable And Consistent Money Advice CLAIM Your FREE Newsletter Written By Experts On Your Credit , And Receive Other Fantastic Must Read Advice On Debt Repair And More.
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