Ways to get yourself out of CREDIT CARD DEBT

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Ways to get yourself out of CREDIT CARD DEBT
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Calculate The Amount Of Money You Owe
Create A Budget
Make a list of all your account balances. Add
your Debt amount and the interest you're paying
against these debts.
Be ready to tighten your expenses. Figure out
your monthly expenses and create a monthly
schedule for repaying your debts. Ensure you save
some funds for emergencies.
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Look for a credit card with a lower interest rate
Set Auto-debit Mode
This is a smart way to pay off your dues. Set up
the payments to be made from your bank account
the day after you receive your salary.
If your credit score is good, look into a credit
card that offers low Annual Percentage Rate (APR)
and see if you can beat your current APR.
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Opt for a lower interest rate loan
Get a balance transfer credit card
Sometimes personal loans often charge lower
interest rates. If you have a home, you may get a
better interest rate.

• A balance transfer card lets you transfer
  balances from your old card to the new card.

• You can get a balance transfer credit card with
  an introductory 0 APR or a lower interest rate.

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Find additional income
Avoid making new purchases
If you want to become financially free,
then focus on generating extra income.
Stop spending instead, use that money to pay off
your existing balance. Stay focused and remember
your ultimate goal is to be debt-free.
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Work on financial habits
Good financial habits are important to build
strong finances for the future. Pay your credit
card dues loan EMIs on time, stick to 30-40
credit limit, etc. This will keep your score high.
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To begin your credit journey smoothly, get your
free credit report here!