Do you have so much credit card debt that you dread getting up in the morning? Have you been unable to make even the minimum monthly payments on your credit cards for the last four, five or even six months? Are debt collectors calling you multiple times a day to harass you? Then we don’t have to tell you that you have a bad credit card debt problem. Youâ€™ve already figured that out. What you probably haven’t figured out is how to get credit card relief.
Transfer your balances
If you have eight or even 10 credit cards that have interest rates of 18% or higher, you might be able to transfer all those balances to a card with a much better interest rate. Most of the credit card companies now offer no-frills credit cards with interest rates of 12% or even better. Many are now also offering balance transfer cards at 0% interest. If you can qualify for a 0% interest card, you could transfer the balances on those other cards to the new one and pay 0% interest for up to 18 months, depending on the card you choose. You would still be making payments but the money would reduce your balance instead of just paying your interest charges. If you could get 18 months of no interest, that could be enough time to completely pay off your balance and become debt free. How would that be for credit card relief
Increase your earnings
There are companies that would like you to believe there is some secret or special way to pay off credit card debts. Well, there isn’t. If you want to get credit card relief, it’s pretty simple. You can either cut your spending dramatically and use the money you free up to pay down your credit cards or you can find ways to earn more money. You might be able to get a part-time job working evenings or weekends and use that money to pay down your debt. If you have the appropriate skills you might be able to make extra money doing handyman jobs. If you have good computer skills, you could earn money on the Internet by creating an online store or by selling your skills â€“ for example as a copywriter.
Revise your income tax withholding
A very quick way to get credit card relief is by changing your income tax withholding. If you’ve been using over-withholding as a kind of forced savings account, you could change your number of exemptions and get more money in your paycheck. Also, you should definitely review your W-4 and see about making changes if you were married or divorced during the past year or had a child.
Get credit card relief through debt negotiation
A way to get credit card relief that has become increasingly popular over the past few years is called debt negotiation. This is where you contact your lenders and offer to settle your debts for pennies on the dollar. For example, if you owed a credit card company $5,000. you could contact it and offer to settle your debt on the spot for $2,000. The credit card company might not accept your $2,000 offer but might agree to settle for $2,500.
Why so many families turn to National Debt Relief
Debt negotiation or debt settlement is really the only way to get your debts reduced. However, it does have a downside, which is that you must have the money available to pay the settlements you negotiate. You also have to be a very good negotiator because the credit card companies are not anxious to let customers settle for less than what they owe. It is for these reasons that so many families have turned to us to handle debt settlement for them. We have a track record for being able to save people thousands of dollars and become debt free in 24 to 48 months. Call us today for more details about debt settlement and a free quote.