Ways to Get Out of Credit Card Debt

Dealing with your credit card debt in Arizona.

Individuals and couples throughout Tucson, Mesa, Glendale, and throughout Arizona are facing massive credit card debt and find themselves spiraling down into a black hole of credit card debt complete with high interest rates, late payment fees, minimum payments that can’t be met, and balances which seem to be getting higher by the month.  Regardless of the situation, there are better ways to manage both your credit cards and the massive amount of debt that your credit cards may have on them.

If you have more than one credit card, (which most people in Arizona who are facing credit card debt do), it is a good idea to transfer your balances to the card with the lowest interest rate. This will help decrease your payments overall, plus, the lower interest rates will lead to lower payments as you won’t be facing the higher interest rates of the other credit cards.

Improve your rates. One of the quickest way to save big on your credit card bills is to negotiate a lower interest rate. If you can shave off even a percentage point or two, you can save hundreds as you pay off the high balances that you have on your credit cards.

Find your motivation and support.  Another suggestion that will help to decrease your credit card debt is to create reachable yet solid goals and to stay focused. Maybe getting rid of your credit card debt will allow you to save for a down payment on a house in Scottsdale that you have always wanted, maybe the family will be able to go on a vacation to The Grand Canyon, or maybe the extra money can be used to send your daughter to Arizona State University. Having a goal will provide the necessary motivation to help you focus on reducing your credit card debt.

Once you have yourself focused, its time to start decreasing the amount of purchases and how much you use your credit cards.  When you already owe so much money that you simply cannot make payments, you need to stop using those cards. Try paying in cash when possible, and reconsider making certain purchases in general. Should you find yourself unable to stop charging, cut up your credit cards to prevent yourself from doing any further damage.

Reorganize your debts and begin paying them off, smallest to largest. It will pay off financially, decreasing your debt will lead to less worrying, gaining control over your debt and spending will give you a better piece of mind.  You will find that with each debt you erase, your confidence (and credit score) will increase just a little more.

If you would like additional help with your current financial situation or find that your credit card debts are beyond your control.  Please contact our law offices today.  Find the answers and guidance that you seek at a FREE consultation.  Our team looks forward to helping you.