Learning to eliminate credit card debt will give us more funds to settle our other debts which in turn will give us the freedom to invest or spend our money elsewhere. Getting free of credit card debt helps our credit rating and allows us to get things like a mortgage, loan for a car, or any other types of loans.
There are several steps to all of this: We must first identify all of our cards. Pinpoint your cards present balances, interest rates, and minimum monthly payments. If we can figure out where to start off, the process of paying down our debts can be done in small, manageable steps.
Keep in mind it is best to start with the card having the least balance first. Then after that, work through your cards starting with the cards that charge the most interest.
Watch this video for some helpful tips on eliminating your credit card debt.
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