Thread: Credit card debt..?Need advice..?

To avoid credit card debt, please make sure to control your expenses. Avoid buying uneccessary items. Only buy what is needed. Remember that story about the movie "Shopaholic"? If you don't want to be on credit card debt, minimize your shopping.

hi chipmunk, do you mean the best way of repaying credit card debts? as jj said, the best way of avoiding debt is to control your spending. in terms of repaying existing credit card debts however, you need to:

- stop spending on your credit cards (cut them up if necessary).
- if you have only one credit card pay more than your minimum monthly payment each month to ensure you are reducing the balance, not just paying the interest.
- if you have more than one card focus on one at a time (ensuring that you still pay the minimum payments on the others), starting with the one with the highest interest rate. Pay that one off first before concentrating on the next one.
- transfer any balances you can to interest-free offers.

Hi i agree with the other posts the best way to avoid debt is to try and avoid spending so much on them, live within your means because if you dont it will all just build up and you wont be able to pay them off.. try to cut down and if you already have money to pay off on them get another job if possible so you can pay them off so you can start again clean..