Save Money! Get Rid of Your Credit Card Debt.

Written By Gary Spirer Published March 26th, 2010

Do you have credit cards? Your credit card debt is most likely affecting your ability to save money. So, let’s start saving money by getting rid of all that debt. We’ll show you how.

Step 1.
*List all your Credit Card Information: Interest Rate, Remaining Balance and Minimum Payment*
Write down all your credit card information. This includes the interest rate, remaining balance and minimum payment.

Step 2.
*Review Your List and Attack the High Interest Rate Credit Cards*
Focus on paying off the credit cards with the highest interest rates first. Attempt to pay more than the minimum payment for these credit cards. After you’ve paid off the credit card with the highest interest rate, attack the credit card with the 2nd highest interest rate.

Step 3.
*Ask for a Lower Interest Rate*
Call all your credit card companies and ask them for a lower interest rate. For the credit card companies that won’t give you a lower interest rate, go to the next step.

Step 4.
*Transfer your balance to low interest rate cards*
Find a credit card with a lower interest rate and transfer your balance. A credit card with a lower interest rate can save you a lot of money in the long run. However, beware of the new credit card offers that offer a 0% interest rate for only 6 months. After the 6 months is over, they often apply a high interest rate. Thus, read the fine print when you are transferring your balance to another credit card company.

Step 5.
*Get a Free Credit Report and Review it Carefully.*
Get a free credit report and check to see if there are any errors. If there is an error, this could be affecting your interest rates. A free annual credit report can be obtained at While allows for individuals to see their free credit score via TransUnion’s TransRisk score.

Overall, the key to decreasing your overall credit card debt is by paying off the high interest rate credit cards with more than the minimum payment amount. This will save your money in interest, and you will see your balance going down. Once you are clear of all credit card debt, you can focus on higher savings for your future.

So, what are you waiting for? Let’s get started with Step 1 today!

Roger Due

Investing in Your Destiny® & Coaching Program - Wealth Building Summit Dallas, Texas

My name is Roger Due and I am from Albuquerque, New Mexico and I am the owner of the Monsano software company. This has been an absolutely fantastic conference. This is the best I have ever been to.