Wednesday, February 10, 2010

Your Credit Card Debt

There are thousands, if not more, who have become victim of the credit card trap. Because you do not actually need the cash in your hand, it is so much easier to spend more than you are able to pay off. If you have multiple credit cards, and most of us do, go through your bills and find the one with the lowest amount of debt on it. When it comes time to make a payment on this card, make sure you are paying well over the minimum payment. As soon as you have paid this card off, take the amount you were using to pay this card monthly and move along to the card with the next highest debt. Keep using this procedure for all of your credit cards until your debt is paid off.

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