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Where Do You Turn For Help With Credit Card Debt?

It's January and the credit card bills from Christmas are starting to show up in your mailbox. You already had balances on all your cards as it was, and you got caught up in the spending at Christmas time - now you're looking for help with credit card debt. What do you do?

Unfortunately, there's no simple answer to this problem. The credit card companies are very good at convincing us to spend money we don't have, but what they fail to mention is the fact that you do in fact have to pay it back, with a heck of a lot of interest in most cases.

The first thing you should do when looking for help with credit card debt is to understand that the only way to fix the problem is to stop overspending.

Sounds simple, doesn't it? Just stop spending too much money. But the fact is, that's easier said than done for most people. Especially if you're conditioned to use your credit cards for instant gratification instead of saving up for something you want.

There's no avoiding it though - you need to stop spending before you can fix the problem.

The next thing you need is a plan for getting your credit card debt paid off. Again, easier said than done. But if you don't have a plan of attack, you're a lot more likely to fall back into your old habits.

  • Make a list of all your credit cards and their balances
  • Figure out how much extra you can afford to pay off every month
  • Cut back on as many expenses as possible and add that to the payment every month
  • Focus on one card at a time until it's paid off
  • Rinse and repeat

Finally, work your plan. Until you actually take action, nothing is going to happen. Hoping and wishing your debt was gone isn't going to get you anywhere.

Start implementing your plan and stick with it until the debt is paid off. It's not going to be easy, but you'll find that once you see the debt start to shrink and you get used to your new lifestyle, it gets easier and easier.

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