Credit Counselor for Trimming Your Credit Card Debt

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Debt consolidation or bankruptcy - Chose your option wisely
Over the last decade Americans have accumulated excessive amounts of debt. Partially fueled by low interest rates and increased equity on houses due to real estate markets driving prices high up. Excessive spending and no financial responsibility often lead to bankruptcy of consumers. Now with the new bankruptcy law in place filing for bankruptcy has become much more difficult and much more expens... Read debt consolidation article



Simple ways to get out of debt
It has been said that everyday more and more people in the world are getting into unsecured debt. Once reason for this is the relative ease in which credit card companies and banks are extending credit to their customers. In fact, it was reported in the newspapers that in a test, a person was able to amass 15 credit cards in one afternoon quite easily.

Are you in severe debt? This artic... Read debt consolidation article



Credit Counselor for Trimming Your Credit Card Debt
Credit card debt is one of those things that can sneak up on you when you least expect it. High levels of credit card debt can start through no fault of your own, say using a credit card to pay for an unexpected car or home repair. Once a large balance has accumulated on a credit card, however, it is often difficult to pay off, and it is all too easy for that debt to get out of control.

That is why the credit counseling industry is such an important one for many consumers. The key thing to remember about credit counselors is that they know how to talk to the banks and credit card companies. They understand the terms and the language used by these businesses, and the best credit counselors know how to get results that most consumers would be unable to get on their own.

One of the most valuable services credit counselors perform is getting the banks and credit card companies to reduce the interest rate on your outstanding credit card balance. Simply lowering the interest rate a few percentage points can make the payments on the credit card balance much more affordable, and help the entire balance get paid off a lot sooner. In some cases, credit counseling services are even able to convince the bank or credit card company to eliminate the interest rate altogether, although this is generally a tougher sell.

Another skill the credit counseling service can provide is convincing the credit card company or bank to waive or eliminate certain fees. These fees, usually in the form of over the limit fees, late payment fees, etc., can really add up and make the credit card balance even more unmanageable. By eliminating these fees, the credit counseling service can help consumers get a handle on their debt without declaring bankruptcy or taking other drastic measures.

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Live debt free by destroying your credit card

The first step to escaping credit card debt is to destroy that little piece of plastic that got you into trouble in the first place. Forget about freezing it or leaving it at home because that just won't work. Believe me, I know. There will come a time when it seems that the only way you can survive is to use the card, and if you haven't destroyed it then that is what you will do.

It's easy to kid yourself that you'll pay off the balance at the end of the month, but ask yourself this: If you are going to pay it off at the end of the month, can't you just wait till the end of the month and pay cash? The only way to become debt free is NOT to use the card.

Destroying a credit card is a very empowering thing to do. Think of it as one in the eye for those greedy companies who thrive on other people's misery, because that is exactly what credit card companies do. They don't make money out of people who pay their balance each month, they prefer the ones who pay the minimum amount - and the bigger the outstanding balance the better it is for them. Resolve today to fight back and become empowered by destroying your credit card!

But don't think that cutting up the card is the end of the story. Oh no, there are some some fun ways of enjoying the experience too. Before employing any of these methods however, it is important to first cut the card up into several pieces with a pair of scissors (make sure you cut through the card number and the signature strip).

Armed with your freshly cut up credit card you might like to consider:

Fire - Do you have an area in a back yard where you can safely burn things? There is nothing more satisfying than the ritual burning of a credit card.

Earth - Dig a hole at least 18 inches deep and bury the offending card. If you want to be really thorough, you could dig several holes and split the pieces up.

Water - If you live near a river or the sea then place the pieces of your credit card in a weighted bag, take a boat trip and at a suitable moment drop the bag over the side.

Air - Wait for a particularly windy day and then climb to the top of a steep hill. After a brief moment to remember the debt, scatter the pieces into the wind.

Whichever method you employ, I suggest you accompany the occasion with a glass of wine to celebrate your future debt free life.

You are probably by now thinking my ideas are a little crazy? Maybe so, but paying the credit card companies hefty interest charges each month is completely insane. Think about it!

For more information on Credit Card Debt Relief visit http://credit-card-debt-relief.blogspot.com.


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Credit Counselor for Trimming Your Credit Card Debt
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