In this current economy many people face the challenge of credit card debt piling up around them. This can cause damage to your credit, stress on you and your family and an unwelcome burden of bills piling higher and higher. Because the salaries most people get have not kept up with the rising cost of living, credit card debt is even higher than ever before. How can you take control and stop the vicious cycle that you have gotten into with your credit card? There are a few ways to take handle of your situation and make it a manageable problem. You can take control and easily see your debt start to reduce when you set your mind to it. Here are a few tips to take charge of your credit card debt.

Put Down The Card

First you need to stop spending money on your credit cards. This does not mean you have to cut the cards up or close the accounts. Closing accounts looks bad on your credit score. You simply need to start getting into the mind frame of cash or nothing. This will help you to stop adding debt to your already rising balance. You can easily place the cards in a safe-box at home or you can freeze them in water to keep them from being easily assessable. This will cause you to stop and really consider do you need the item you were going to buy. If you can’t buy it with cash, you may not need it right then. There are some exceptions such as car repairs or emergencies. You truly have to consider whether you are spending money for an emergency purchase or because you want to.

Consider Interest

Take a hard look at your cards and see which one has the highest interest rates. Those cards would not be ones you want to use often and they would be ones you need to pay off first. The more the interest rate is the more you will pay for that one purchase you made on impulse. Organize your statements and determine which ones you need to tackle first.

Start Small

Pay off your smallest card first. Make the minimum payments on the other cards but really double up on payments to the lowest balance one first. This will give you a sense of accomplishment once you have paid it off. You can see just how much it cost you and how easy it is to say no when you have cleared one of your debts. Once you pay off the smaller one, start working on the next smallest one. Continue doing so and you will have paid off your debt before you know it.

Credit Counseling

You can also consider credit counseling if the debt is just too high for you to handle. A great company will get your payments into one easily managed payment and you will be paying off all your cards. This will help you to get the debt down and you will have one payment a month to make.

If you are struggling with debt remember that you can get it under control. Stop using the cards and start paying down the small ones. You can even work with a company to manage your debt and get it under control. You can do this and you will see your debt be under control!

When it comes to managing debt, Marie likes to help others find great solutions. One of those would be to work a company. Advantage CCS is a great option for credit debt elimination if you need one.

We may get commissions for purchases made using links in this post. Learn more.
  • The best thing we ever did was to cut up the credit card,too easy to spend!


  • Great! Really good knowledge to know! Thanks for sharing this!


  • lol or very simple steps!
    1. take your credit card and hold it
    2. get some scissors
    3. cut the credit card in half
    4.pay off the credit card

    thank you!


  • We had been to consult with ‘My Budget’ in Adelaide and were told to sell our home to access funds to pay off our debt and then start again. The thing is we do not want to move and will have more money after a change of jobs early next year. So no you cannot always trust the information given to you. We approached our bank instead and they helped us out with a temporary reduction in the homeloan until money improves. Much better then we can keep the house.


  • Great informative article, credit counselling is a must for those in serious debt.


  • Great article, thanks for the advice! I am right on these now – after seeing too many times getting hit by hidden fee’s etc you soon learn to know how to stay ontop of things.


  • interesting reading


  • I try to only use the credit card in emergencies.


  • So much good advice here and I agree pay them off then cut them up.


  • I think the only answer is to cut them up


  • do the math – if you plan to change over to consolidate onto one card make sure you can pay off within their interest free (or low interest) periods


  • Thanks for sharing this, it was a great read.


  • thank you sharing this article good read


  • thanks for sharing was a great read


  • Great tips, thanks for sharing


Post a comment
Add a photo
Your MoM account

Lost your password?

Enter your email and a password below to post your comment and join MoM:

You May Like


Looks like this may be blocked by your browser or content filtering.

↥ Back to top

Thanks For Your Star Rating!

Would you like to add a written rating or just a star rating?

Write A Rating Just A Star Rating