|6 Techniques To Beat Credit Card Debt|
Did you know that Credit Card companies don’t want you to pay off your Credit card debt? Why would they? The more credit card debt you have, the more interest you pay to them. And interest is their lifeblood.
Credit card companies have helped to foster our acceptance of debt as part of our lifestyle. We keep spending more than we make by about 10% each month and keep adding to our debt. As those credit card balances keep growing month after month, so too do those minimum monthly payments. There will come a time when we will not be able to afford even those minimum payments. Many people have already reached and surpassed that point.
We have fallen into the credit card trap where we get sucked into the convenience of it all, easily put off payments, and overspend. Have you compared your monthly income to your monthly credit card limit? Pretty remarkable how much larger your card limit is. We use credit cards for just about everything and we have maxed out. The convenience has lulled us into the credit card trap.
So how do you break the cycle? It’s all about changing your attitude towards credit card debt. Here are 6 techniques you can use to turn the table in your favor and allow you to break free of credit card debt.
The credit card companies have you right where they want you – carrying high balances and paying lots of interest. However, by changing your attitude towards credit card debt and using these 6 techniques you can break free.
About The Author
Thomas Erikson is co-founder of http://www.your-debt-consolidation-loan.com/ which provides http://www.your-debt-consolidation-loan.com/consolidate-credit-card-debt.html information and solutions.