Eliminating Credit Card Debt - Bankruptcy Canada

Eliminating Credit Card Debt

If you are stuck in credit card debt and are looking for ways to tackle your maxed-out credit cards we have some easy methods for getting your credit card debt under control.

If you are ready to pay off your credit card debt once and for all these methods can help you get out of debt:

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Eliminating Credit Card Debt – Set a goal

In order to stay motivated and on track for getting your debt on your credit cards under control you should set obtainable goals that help you stay on track.

Your main goal should be to pay off your highest interest cards first, which can take time and discipline.

You should monitor your progress carefully and on a regular basis to keep your motivation level high for continuing to pay down your credit card debt.

Eliminating Credit Card Debt – Cut Your Credit Cards Up / Put Them In a Safe Place:

In order to begin tackling your credit card debt you need to be disciplined, which includes taking your cards out of your wallet.

You should put your credit cards away in a safe place.

When you use cash instead of credit it will be harder to spend compulsively and you will keep greater track of your spending.

Spending cash helps you separate needs from wants.

If you feel that taking your cards out of your wallet is not enough you can destroy the cards, or freeze them in your freezer until you are completely debt free.

Eliminating Credit Card Debt

Make a List of Your Debts to Prioritize Your Debts: By listing all of your debts you can prioritize your debts in the order of their importance.

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