How To Get Rid Of Credit Card Debt

We all know that Credit Card Debt is really the merry-go-round from hell. You end up living from paycheck to paycheck just because you got hypnotised by a really kitschy looking commercial where they tell you that buying a new wide-screen TV and a fishing boat will make your life a lot peachier than it’s ever been.

THAT”S NOT TRUE.

I’m with Pascal Bruckner on this, these days people have turned into children and believe that they can live beyond their means and that the mall is a fantasy land. So they max out all their plastic thinking: “Hey, Credit Card Debt is just a myth. It doesn’t matter that the interest rate is 18%, I need a hot-tub RIGHT THIS INSTANT.”

Ok, so nobody actually thinks like that, but it’s true that the biggest factor in credit card debt is impulse shopping.

I must sound like a horrible person by saying this but money is really the measure of everything, you can pretty much convert your entire life into money, gives a whole new meaning to selling your soul. So whenever you purchase something really expensive just convert the amount of money you spend on it into the number of hours it takes you to make up that sum.

The best advice I can give you, except not getting into debt in the first place, is to pay off your credit cards in order of interest. Transfer as much as you can on the low interest cards and pay minimum, then pay off the ones with the highest interest buy paying more than the minimum. Let’s say you have a minimum rate of 100 Euro, pay 200, don’t pay the minimum because that’s just what they want you to do, the longer you stay in debt, the longer they keep getting interest out off your almost bare pockets. But just make sure that the “low interest” cards are just as low on the long run.

Of course you’ll find a lot of tips and pointers out there, but there’s really no easy way. You’ll even find websites and people willing to do this for you but more than half of them have been revealed as scams.

So… good luck!

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