Credit Card Debt Solutions
Are there credit card debt solutions out there? So many of us blame the credit card companies for what are really personal spending issues. Of course, the credit card companies are to blame as well. I mean, lending with a 21% interest rate to folks who can’t afford a 10% interest rate, that is borderline unconscionable in my opinion. But however crooked or at least unfair these companies are it doesn’t release us from our financial obligations. We DID sign for the card, and we did use it to purchase what ever it was we needed. And now we are the ones looking for credit card debt solutions. I know I’ve been there before. At least twice, in my short life I’ve defaulted on overwhelming debt and run from the phone calls of creditors who would like to grill me about what I was going to do to pay them their money. I can tell you from personal experience, it’s just not worth it to run from the problem. Here are some credit solutions you can use to get started:
1. Stop using your currently active credit cards and racking up more debt. If you can’t stop adding to the debt mountain then you will never be able to get out from under it.
2. Get some credit counseling. Another one of the credit card debt solutions is to obtain some credit counseling. Most states provide free credit counseling to assist the people in their state out of the debt trap. I have a good friend who is a credit counselor in Arkansas, and he always tells me stories about how if these people had just come to him sooner they wouldn’t have lost everything that they did by ignoring the issue or trying to deal with it on their own.
3. Make a plan and stick to it. Once you have gotten some insight from the professionals in the field make a plan based on their recommendations. In fact most of the time they are more than willing to assist you in creating a plan as well as talking to the credit card companies for you or at least with you.
4. Take advantage of all opportunities you see. One of the best credit card debt solutions is not to discount a possible opportunity. Sometimes, it can be embarrassing to let other know we have a financial issue we are having trouble dealing with or beating. However, if you attend a church, have some close friends, or relatives with the means to assist you in getting your credit life back on track then by all means swallow your pride and reach out to those opportunities. It may be the fastest way to get back on track and relieve yourself of the inordinate amount of stress you are currently dealing with.