Pay Off Credit Card Debt
Credit card debt is a very big problem that is being faced by a lot of people who have been
irresponsible and undisciplined in the use of their credit card. Though some might have landed up with credit card
debt due to some unfortunate event/emergency in their life, most people carry a credit card debt due to their own
wrong doings (i.e. wrong usage of their credit card debt). There are a lot of ways to pay off credit card
debt and a lot of people do achieve this feat (i.e. are able to pay off credit card debt). Surely, to be
able to pay off credit card debt is really a great achievement in itself for not everyone is able to pay off credit
card debt. It takes a lot of discipline, restraint, planning and perseverance to finally pay off credit card debt.
However, there is more to paying off credit card debt then just being able to pay off credit card debt.
Here we are talking about the life after you pay off credit card debt successfully. As mentioned before, of all
the people that try to pay off credit card debt not everyone is able to pay off credit card debt i.e. there are
some failures too. However, some people fail after they have succeeded in paying off credit card debt. These are
those people who let themselves loose and go on a spending spree as soon as they pay off credit card debt.
Soon, these people again land up with a credit card debt and are again trying to pay off credit card debt. So,
it’s not enough to just pay off credit card debt, it’s equally important to maintain a debt-free status even after
you pay off credit card debt; only then can you enjoy a stress-free life in the world of credit cards. So learn
your lessons well and do not let yourself loose on the path to another credit card debt. Most of the rules that you
followed when you were trying to pay off credit card debt, will also hold good after you have paid off your
credit card debt. Here is a quick synopsis of things that you
should take care of even after you pay off credit card debt:
1) Do not overspend. Yielding to the sale offers for something that you don’t really need, is a big mistake that
leads to overspending
2) Always remain within 70% of your credit limit.
3) Make credit card bill payments in time and in full.
4) Don’t hold more than 2 credit card accounts (two are enough for anyone)
These are just very basic things; you can add more based on your own experience and knowledge.
Credit in Minutes Tip #1
Stay on top of your credit report. Most credit reports contain errors. Make sure you check your credit report
every year (you get one free credit report every twelve months) and if there are errors make sure to challenge them
with the reporting credit agency. Credit agencies are required to investigate each and every challenge that gets
Credit in Minutes Tip
Just because you qualify for all of those credit cards does not mean you should get them. A person with too many
credit cards looks sketchy in the eyes of a potential creditor. Think of it this way: if a person is financially
stable does he or she need ten different credit cards? Wouldn’t just one or two suffice?
Credit in Minutes Tip
The best way to raise your credit score is to make all of your payments on time. It sounds too simple to be
true, but that’s all there really is to it. Staying out of debt and/or making all of your debt payments on time
will keep your score up where it should be.