CREDIT CARD DEBT MANAGEMENT: LATING OUT YOUR CARDS!!!

Purchasing clothes, household items, cars and even funding your holidays on credit is fast catching up with becoming a necessity today. Paying for your expenses on credit is unnecessary more often than not. However, there certainly are emergencies that can justify credit scenarios. These could include a sudden accident, an unforeseen redundancy, a late pay cheque, an overdue bill at the end of the month or any such financial crisis. But I’m still talking about the possible need for a credit card in the singular – i.e. 1 single credit card for urgent situations; not so many of them that you actually lose track of how many you own.The usage of credit cards is increasing at an alarming rate and to make matters worse, people often own 4 and 5 credit cards at the same time. The more cards you own, the more you can borrow no doubt, but have you ever looked at it this way – “the more cards you own, the more you have to pay and further in debt you land yourself in?” For those of you who have experienced the “Mr. Hyde side” of credit cards and have got entangled in the Credit Card debt maze, here’s something to help you get out – Credit Card Debt Management.Why do you fall into Credit Card Debt? • Swimming along the tide, many of us own 5 and 6 credit cards of which most simply add weight to our wallets.• Before signing up for a new credit card, how often does the interest rate draw your attention? Almost never and even if it does do you realise what a high interest rate is? The interest charged on credit card bills are exorbitant, leading to huge bills, half of which is nothing but interest.• Credit Cards create need even when there isn’t any. A shopping list turns into a shopping book in no time because buying on credit makes you feel like your not actually paying for it and more importantly you lose track of how much you’re spending – leading to excess and unnecessary spends.• Credit Card fraud and scams can easily extract money from your account without you even getting a hint of it.All such situations lead to large Credit Card bills, which we often cannot afford. Pending bills accumulate interest and before you know it you’ll be knee deep in Credit Card Debt. Even though it seems you’ve hit rock bottom, there are a lot of people just like you sailing in the same boat – all of whom need Credit Card Debt Management. Credit Card Debt Management is nothing but a more manageable way of dealing with credit card debt. Here you work with an expert who studies your debt – how far in debt you are, your spending and saving habits, etc. He then works to pay off your debt either by Credit Card Debt Consolidation, Credit Card Debt Negotiation and finally eliminates your debt for you. Remember, he helps you reduce debt but doesn’t do it for you. You need to make a low monthly payment to the agency during the debt elimination process.Credit Card Debt Management does not end here, your agent will work with you to help you stay out of debt i.e. credit counselling. During this you work on a strict budget – with no extravagant spends, no unnecessary bills, etc. Your credit card accounts too are usually closed. Credit Card Debt Management assists you in spending wisely and makes you make a conscious effort to stay out of debt for good. The result, however, is upto you.

Comments? Questions? Email Here

© HowtoAdvice.com

How to Advice .com