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As the holiday season comes to an end and the inevitable bills arrive in the
mail, most of us are slapped in the face with a dose of reality. Even if you
were one of the smart ones who put aside cash for your Christmas shopping,
chances are you still made some purchases that required a credit card. Use the
following suggestions to reduce your post holiday debt before it becomes a
permanent financial crises. 1) Make more than the minimum payment to eliminate
your debt faster. 2) Pay on time to prevent "penalty" interest rates of up to
31%. 3) Eliminate your highest interest rate debts first (credit cards). 4)
Negotiate with your creditors to reduce your interest rates. 5) STOP CHARGING!
Don't carry your credit cards with you so you won't tempted to charge. |
