Most people today are living check to check because they are in debt up to their eyeballs. If you're in debt, namely credit card debt, then you need to do something fast to change that.
It takes a lot of will and discipline, but as long as your checks are going to credit card payments – it’s not going to your family, or your retirement fund.
Getting out of, and staying out of debt is actually pretty simple, at least it could be. What it really comes down to is spending less money than you make. That’s it – no more, no less.
Easier said then done right? The fact of the matter is that most of us are in some type of debt. Whether it be from irresponsible spending, a holiday, an unexpected visit to the doctor, or a single moment of weakness – no matter how much we hate it, debt seems to be part of our lives.
Not all Debt is Bad
I think homes are a great investment and don’t consider that bad debt. Student loans - while a real pain aren’t necessarily bad debt; you’re investing in your futures. The debt we’re talking about is credit card debt.
If you’re like most people, you’re sitting on a pile of credit cards that are sucking the life out of your finances. Not to worry, if you’re reading this, then chances are you’re ready to make a change.
A Plan to Eliminate Your Credit Card Debt
Stop using your cards: Sounds pretty straight forward, but you’d be surprised. The most realistic approach in my opinion is to stick one in your sock drawer for emergencies – cut the rest up.
1. Stop the temptation: When you’re trying to get out of debt, the last thing you need is to be tempted with credit card offers.
Call 1-888-5optout that will remove you from the junk mailing list.
2. Organize your debt: Make a list of all your cards from highest interest, to lowest. On all your cards make minimum payments except the highest interest bearing card. Focus every dime towards that one. Once it’s paid off, move on to the next.
3. Negotiate interest: if you’re in good standing with your credit card company, many times you can negotiate a lower interest rate.
4. Consolidate your debt: Hopefully you have a clear picture of your credit card debt. If it makes sense to consolidate a couple cards into one, lower interest card – then do so. Just make sure you read all the fine print.
There are 4, practical steps towards working your way out of debt. If you want to chat with others, or share with others how you got out of debt, head on over to our Debt Blog.
For more information about My Credit Group's debt negotiation services, or to schedule a free consultation, contact our credit repair consultants today. A fully trained debt planner will call you to discuss whether or not our debt negotiation services are a good fit for you and your personal needs. [ Contact Us Now ]
To the staff at My Credit Group,
As a senior loan specialist for one of the nations top lenders, being able to deliver top notch services to our clients is paramount. Admittedly, I was hesitant to refer my clients to a credit repair company.
That was two years and several successful loans ago, and I can honestly say that you've handled every aspect of your business with complete professionalism. I've heard nothing but but exceptional
feedback from my clients, and outstanding results in their credit scores.
To anybody considering using a credit repair company, My Credit Group is the only choice in my opinion.
Sincerely,
Eric Atilano - Sr. Loan Specialist
~ Chase Home Loans
