Get Out of Debt Fast
Get out of debt fast
More and more people all over the world are heading for financial disaster without really knowing it. It all starts with the convenience of a credit card. Banks love giving them out because they know they will be the ones to score big time off you in the long run. You could end up bankrupt just for not managing your credit cards properly. It could happen to anyone at any time no matter how careful and sensible you think you are. Worse aspect of a credit card is that; if you were only to ever pay the minimum balance it would take you a life time to settle it with current interest rates being like they are. Most people have more than one credit card. (I am also guilty as charged with 7 of the buggers.)
Many people hit a crisis and then max out their credit cards to solve it without thinking. The most sensible way to manage a credit card is to never use more than 30 % of the credit limit at a time. If you max them all out you will end up like me well in over my head. Next minute a flood of debt collectors are after you like wasps. Its hateful and stressful ask me …….
Don’t end up like me with this huge mountain of debt!
If you have been servicing minimum balances on your credit cards it’s not going to help you at all. Start pushing all extra money into the card with the lowest balance and finish it off. Destroy it to avoid temptation comfort spending. Then move on to the next. Every windfall must go towards killing those credit cards off starting NOW!!. If you don’t get out of debt fast you are going to end up deeper than ever. Reason is, some or other crisis will come around and you may push yourself over the edge point of no return. That is where I am now and it is taking huge toll on my family.
Get out of debt as fast as you can. I know it may sound like the end of the world but my advice is to cut up all your credit cards except one if you have multiple cards.
Consider this: If you live from paycheck to paycheck with little or no savings for emergencies, you’re at higher risk of going bankrupt.
43% of American households have less than $1,000 saved, which is an alarming statistic. Not too far different to other countries either. We are all human after all.
Worst part about this is; it’s the credit cards keeping such people afloat. The banks really love you!!
Want to get out of debt fast and kill off credit card temptation spending? Start now!
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