People always inquire about the easiest things to remember about getting credit card debt under control. Getting a handle on credit cards is a daunting task for many given the new economic environment of insecure income streams, variable mortgage payments, shrinking retirement accounts, and a basket of various continuing monthly obligations. A recent post provides a good core list of things to think about that, without covering every possible strategy for managing one’s plastic, allows for quick action if credit card debt is piling up. Lori at CreditShout.com writes:
“1. Make more than one payment a month.
2. A second job isn’t the worst thing in the world.
3. Get lower interest rates.
4. Keep your credit rating high.
5. Transfer your balance to a card with lower rates.”
Tags: credit card debt, credit card debt elimination, credit card debt management, quick tips on credit card debt reduction
As soon as you notice a problem, call your credit card company. They are interested in keeping you as a customer so don’t wait until you’re in too deep. Talk to them and they will often work something out with you. Fixing problems early is a key to minimal damage to your fico score.