July 4, 2007

Reduce Credit Card Debt Quickly

I get asked a lot " How can I reduce credit card debt quickly?", Well that is something that depends on how big your credit card debt is! Once I am aware of the depth of the debt I can then answer the question.

I always start in the same place no matter what the answer to the above question is, Stop Using Your Credit Card. This is a massive way you can start to reduce credit card debt quickly, it isn't rocket science to realize that by continuing to use your credit card is going to plunge you deeper into debt than you already are.

Reduce credit card debt quickly by cutting down on entertainment, yes that means to stop going out as much. Buying a drink out at a bar costs $$$$ buying a beer and drinking it at home costs cccc this is hard to accept as is stopping using your credit cards but that is the commitment you need to show in order to reduce credit card debt quickly.

Check your prices make sure you are not getting ripped off on items that you pay for regularly, get prices from other areas and push your suppliers to reduce their rates. The worse that can happen is they say no!

When I talk to people about this I hear "Oh man really?" and "No Way I am not giving up my Friday nights out!" OK so don't ask to reduce credit card debt quickly if you are not willing to make a few sacrifices on the way. This truly is the way that you can get your way out of debt there are thousands of tips on how to save money on things that you buy day in day out and things you do every day.

When you get up in the morning you take a shower, ever thought of having a slightly cooler shower (not cold but cooler) you will save on energy! All of these are little bits that you can do that will reduce credit card debt quickly.

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