Free Financial Advice for Credit Card Help, Debt Reduction, and Achieving Financial Independence
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First Financial Help
DO NOT do nothing
Ok, you get the idea. Even better, is the fact that you are here doing something about it. This puts you ahead of most people. It takes effort to want to change something, and many times the hardest part is getting started.
To ignore credit card debt only allows you to repeat where you are. Credit card debt usually gets bigger rather than smaller. Keep in mind paying credit card debt down is obviously harder than letting interest build up till serious help is needed.
Sometimes we can get lucky on the first step; sometimes it takes more steps. Credit Card Step 2 gives a shot at saving thousands with only 30 minutes of work. But again, let’s take one step at a time.
To keep adding debt keeps the spiral downward growing. Credit Card Step 6 will cover debt reduction in detail. But, let us try one step at a time.
DO NOT incur penalties and fees
Attorneys tells their clients so many times, “The cheapest way out is paying them off, even if they do not deserve it.” This becomes a matter of economics, not right and wrong.
This does not mean giving up, but to fight smarter not harder, and we are here to help give you the tools to do so.
Plus, they can max your interest rates out. The difference of 9% to 18% on $20,000 debt is $1,800 per year or $150 per month. If Credit card debt is bad now add $150 to your monthly payment.
DO NOT cancel all your cards
Creditcards do have good purposes and fulfill certain needs, but we’ll cover that in Take Control.
So, let us move on to Credit Card Step 2. In possibly the next 30 minutes you could save thousands of dollars.
The first financial help step is what not to do.