Reducing Credit Card Debt Using The Snowball Method

Learn how to reduce your credit card debt faster using the Snowball Method. Visit http://www.debtopedia.com for more helpful information and to get a free copy of my special report "The Secrets of Credit Card Debt"

Category:

People & Blogs

Tags:

• credit-card-debt
• debt-reduction
• snowball-method
• debt-consolidation
• pay-off-credit-cards
• pay-off-debt

[cds162]

the real problem is people that have multi-credit cards.. WHY?

stop it.. one card use it pay it off..

BUT only use it for the things you Must use a credit card on... like hotels or car rentals... anything else - CASH!!!!!!!!!!!!

try it.. it's really fun!

[skyweezynU]

YES YES YES.. U THA SHIT!!!

[MyRiggz]

Could you tell me what does rating AA means. Also is it the highest rating for personal loan? If not what is the highest personal rating? Thx!!!

[makeiteasyable]

ty

[RubberToadstools]

I think you can greatly reduce your credit card debt by using your credit card for emergencies only. Also only using an amount on the credit card that you are absolutely sure that you can pay off before the interest kicks in.

I have one credit card, and I only use it only when I have no other option. Other wise I use cash.

If I don't have the cash with me to buy something that I only want, I do not buy it. Simple as that.

Things that you want are things you dont need.

[eyeammi]

I don't see how people get up to their eyeballs in credit card debt. Use it like a debit card. Even if you have a high credit line, let what you have in your checking account cap how much you charge. Stop using your debit card & voilà, you always have enough to pay off your credit card each month. I pay it just before the billing cycle ends & every bill I get is for $0. I never pay interest. On top of that I get 1% cash back on all purchases so the credit card company pays me to use their card.

[LincolnHo]

@CatpurrRobertaBobbi The highest interest takes longer to pay off the debt than the the snowball method with the lowest balance.

[jackchief]

I had $12,00 and $8,000 credit cards at 29% , the banks raised the rates from 8% because of "universal default" , this is despicable!. My attorney told me to send them a certified letter to not call me [by Federal Law they must stop]! This is a "Federal law". . Then he suggested that I don't pay for about 4 months at which time they'll get someone to negotiate. I didn't pay and I won't so I save $300 a month. my credit score is low.. but so what! Call a free state Attorney or any Attorney!

[LocoPCtheoneandonly]

Better to fully pay all credit cards off using your Secured Line of credit (which is set at prime)... then pay off your Line of credit with the money you would have otherwise needed to pay off your 3 credit cards!!! I bilked the banks for over 3 years.. and cancelled all buy one credit card which I use for gasoline expense only (and pay it off every month). I get offer to apply for credit cards almost every week. WHAT A SATISFACTION being able to RIP then brochures as they come

BE WISE PEOPLE!

[tbaarr1]

@LocoPCtheoneandonly I hope you are using 1% cashback cards to get paid also

[Debtmasters2010]

This method will work great provided you have the extra money to get it started. When I was in debt that was the problem...no extra money. I found the company in my profile link and they helped.