Ways and Means to Lower My Debt

September 7th, 2009 by mike reiley

If I want to eliminate overwhelming credit card debt from my life and my language, I will have to devise ways and means to lower my debt.

First I will have to come to terms with the current state of my finances.  I must understand what my monthly statements and bills are saying on one hand and what my bank books and pockets are saying on the other.  Each of them has their own vested interest in my life, but all of them will agree that it is time to lower my debt.

If we are to be honest with ourselves, our current state of finances is that we are dependent on several credit cards in our wallet.  At this point it would be good to establish what credit card companies we owe money…

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Help For Getting Out Of Credit Card Debt

September 4th, 2009 by mike reiley
Getting Out Of Credit Card Debt
Image by Lester Public Library via Flickr

If you are reading this, chances are you are in pretty deep financial trouble, or at the least worried about your credit card debt situation.  A lack of foresight and careless spending is what usually leads to these kinds of situations, but the current economic crisis has driven even those who manage their accounts well into the red.  Getting out of credit card debt is far from easy, and will require many sacrifices on your part.  The rewards for doing so on the other hand, outweigh the potential consequences should you choose not to take steps to save yourself.

If you are in a credit card crisis, the first thing to do is to stop using your credit…

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