It’s time to for you get serious about getting out of credit card debt. You may have been thinking about your big debt load for a long time, hoping that it will magically disappear. It won’t. Debt may be keeping you up at night. But not to worry. We can help you tackle your credit card debt, but we need your help. You’ll need to make a serious effort to buckle down and get your spending on track. We’re going to give you five rules to live by, which will help you towards getting out of credit card debt. You can do this! We have confidence in you!
How to Get Out of Credit Card Debt
We know that you didn’t get in debt overnight, and some of it may have been out of your control. For example, you may have lost your job or had a medical emergency – both of which can put you behind the eight ball. You’re behind in payments for not only your credit cards, but also your student loans, medical bills, credit card bills – even your car payment. You may have even tried negotiating credit card debt on your own – but to no avail. And now you’re on a treadmill, with seemingly no way out. Unlike losing your job or experiencing a medical emergency which can be out of your control, you can actually control some other factors that got you into trouble, such as your spending habits. It’s time for some tough talk. You have a job and are getting paid regularly, so let’s make that money work to your advantage. Here are five must-follow rules to get out of credit card debt.
Rule #1: Stop Using Your Credit Cards
Do this, immediately. Put them away. People tend to spend more when using a credit card. And on a health tip, one study found that we buy more unhealthy food when using a credit card.
Rule #2: Think Before You Buy
Take a few minutes to breathe, and really think hard about the item you want to buy. Is it a want or a need? Is it a necessity, or can it wait?
Rule #3: Set up an Emergency Fund
We all need a rainy-day fund. Having an emergency fund will save you not only money down the road, but also the drama of trying to quickly find needed funds.
Rule #4: Get on a Budget and Track Your Spending
When you track your spending, you have a better idea of exactly where your money is going which can help you to cut back on your spending. An easy way to track spending is with a budgeting app, many of which are free of charge.
Rule #5: Seek Professional Help if You Can’t Do It on Your Own
Curbing your spending and breaking bad habits can be a challenge. We get that. But there is help available. Have you considered debt consolidation?
We Can Help You Get Out of Credit Card Debt
Debt consolidation is an excellent way to get out of credit card debt. Imagine not having to make multiple credit card payments each month. Instead, you’ll make only one low payment. We do all of the heavy lifting for you. Talk to one of our debt experts about how to get rid of credit card debt. Call Your Consumer Services at 866-858-3384 and let us help you get started. There’s no time like the present.