A new offer in the credit card industry is worthy of consideration for someone looking to eliminate debt: being paid to close the account. This is a great offer for a number of reasons. For those who are at the greatest risk of continuing to revolve debt balances from month to month, closing the account and paying it off cannot get sweeter than receiving money in return, even when the nick to the credit score for a lowered total credit limit is considered. Though a pre-paid card is received in lieu of cash, one can use the card to cover $300 worth of essentials like groceries and gas and in exchange contribute $300 towards debt reduction payments for other accounts. It amounts to a reward for good, debt-reducing behavior, that in turn helps one get out of debt even faster. The DebtGoal product contains additional straightforward ways to quickly reduce and eliminate debt, including a tool to help get one’s credit card interest rates lowered.

Raj Patel writes for DebtGoal.com, a do-it-yourself system for getting out of debt and lowering your interest costs.  DebtGoal.com incorporates all of the techniques discussed in this post and can help users understand and get visibility to and manage their debt finances.

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