There are a lot of people who can only dream of someday becoming credit card debt-free. On the other hand, there are ways to get that free.
What would it mean? We’ve all been taught to work at a job probably for four years and at least 40 hours per week. Why are we working? Usually because we have bills to pay each month. Sometimes there are more bills than there is month. You simply can’t earn enough to pay the bills. Out come the credit cards.
Unfortunately, we were never given the plan to stay as debt-free as possible. Or actually to have debt but have enough cash flow that is not dependent upon working to pay it.
Think about what it could be like if your house was paid for (no rent payment) and your car payments were nothing. Those items are usually the largest debts in a household. If that were the situation, it would not take much money to be able to pay the bills each month.
So how can you become credit card debt free? You can use the snowball method and pick out the credit card with the highest interest rate. You simply make minimum payments on any other debt and pay extra each month on the one with the highest interest rate until it is paid off. Then you take the entire amount that you were paying on that credit card and paid it along with the minimum payment on the next credit card. You continue this process until it is gone.
Other options that you may have to take on are either bankruptcy or debt settlement negotiation in order to significantly reduce the debt so that your income is enough to pay off the debt. Then it will take discipline to stay in that situation. You still must borrow occasionally and pay it back quickly in order to preserve your credit score. Becoming credit card debt free is a lifestyle change and you can do it.
Click here to get our free Credit Card Settlement Package where I disclose the 5 things no one else will tell you about debt settlement and also, bankruptcy.
Click here to learn how to do debt settlement by yourself
Just let us know if we can help you with credit card settlement, either by email at jemlaw@mac.com or
give us a call at 210-690-3700 to meet with an attorney for a complimentary evaluation.
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