credit card debt relief

Credit Card Debts: 10-Step Plan to Credit Card Debts Relief

Are your credit card debts affecting your happiness, your work, or your sleep? If you have too many credit card debts and you're serious about permanently getting rid of those credit card debts, read on.

Please don't think you're the only one suffering from credit card debts that are out of control. There are one billion credit cards in circulation in the United States, and the average monthly credit card debt balance on these billion credit cards is a whopping $5,800, carrying an average interest rate of 18.3%. Credit card debt relief has been what people have been dreaming about. The two fastest way to credit card relief would be to pay off debt or to consolidate credit card debt. That amounts to $929.70 a year in interest payments. We're talking $929.70 PER CARD! So if credit card debts are destroying your chance of getting ahead in life, you need to be open to following a plan to get rid of every one of those credit card debts once and for all. Of course, in order to change, you need to be an open-minded person. Are you?

First, please realize that credit card debts are part of a national debt crisis. Americans accumulated $400 billion in credit card debts last year. Funny thing is that nobody ever talks about it. You'll tell your friends about your sex life before admitting the total amount of credit card debts you're carrying around, isn't that true? It's as if we all feel like we're supposed to be rich and successful, and can't accept the fact that we're suckers who have bought into a dream we couldn't afford to finance.

Do you keep money in a savings account for emergencies? If you have credit card debts, you must rethink that plan, because in an emergency, the most important asset you have is good credit. So take that cash, if you have it, and pay off as much of those credit card debts as you're comfortable with paying at one time. The sooner you are free of your credit card debts, the sooner the money you make stays in your pocket. That's what real financial freedom is all about, don't you agree?

Last year Americans charged up more than $400 billion in credit card debts, according to RAM Research, a credit card tracker. That's not the worst of it. It's the interest we paid for that convenience. The $50 billion we paid in finance charges on credit card debts could have bought the inventory of 5,000 BMW dealerships. Or it could have paid the salaries of every player in the NBA for 500 years. Or bought all the golf courses in California.

Instead, the only beneficiaries of this gigantic pile of credit card debts were the top executives at the lending institutions. (Take a moment right now for an experiment. Just remove your credit cards from your wallet and spread them across your computer desk or table. Now bow to the marketing geniuses whose names are artfully hologrammed on the front.) They've managed to peddle their services so effectively that they have more than one billion credit cards in circulation. That's four credit cards for every man, woman, and child in the United States. That's scary, don't you think?

How do those financial wizards do it? Simple, they bank on the fact that the average everyday, red-blooded, consuming adult isn't doing the math. After all, what kind of people in their right minds would pay 18% interest on everything they buy? To add insult to injury, lenders keep you on the hook by extending lines of credit, reducing minimum payment requirements, and inching up the interest rates. Credit card debts are like pounds of fat -- you don't even notice them adding up till suddenly, you have no pants to wear.

Let's assume that you're not average and that's why you're reading this article at this precise moment. You understand the golden rules of plastic use -- pay off your credit card debts every month, don't spend what you don't have, budget for the big items and emergencies.

Still, credit card debts happen. So we're going to pass on some solid tips that should help you get rid of those darn credit card debts and start sleeping through the night without the Debt Devils haunting your dreams.

This site is debticated to helping you regain your sanity and get rid of your credit card debts once and for all.

1. Throw all the Bills in the Garbage (temporary fix only, and not highly recommended)
   


2. Pay more than the minimum payment
   


3. Move your balances to a lower interest credit card.
   


4. Cash out your savings account
   


5. Borrow against your life insurance
   


6. Get a low interest loan from family or friends
   


7. Get a home equity loan
   


8. Borrow from you 401(K)
   


9. Renegotiate terms with your creditors
   


10. As a last resort, file bankruptcy

If you are honestly committed to systematically eliminating your credit card debts, we recommend that you start here by moving at least your highest credit card debts to one of these low interest credit cards.