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Avoid bogging yourself down with negative emotions of guilt or shame. You got into debt to solve a problem, and putting those charges on your credit card may have been the best solution available ...
More than half (57 percent) of cardholders with annual household incomes below $50,000 carry credit card debt; by comparison, 38 percent of those making $100,000 or more carry credit card debt ...
Lump-sum settlement. With this negotiation technique, you offer to settle your outstanding debt in one big payment, albeit for less than your balance. For example, you might owe $4,000 between ...
2. Test the snowball method. With the snowball method, you pay off your debts from smallest to largest. Getting a debt paid off in the shortest time possible is a good motivator that could help ...
17. $150 BT fee, $12.23 in interest. Card with no intro APR offer. $5,000. $300. 20. $946 in interest. With the 0 percent APR credit card, you’d save $783.77, even with the 3 percent balance ...
Bankruptcy. Bankruptcy is a legal process that provides relief from overwhelming debt by liquidating assets or creating a repayment plan. Chapter 7 bankruptcy is ideal for unsecured loans (such as ...
Here's your 11-step plan to tackling credit card debt this year. Pekic / Getty Images/iStockphoto. 1. Tally Up, Review and Analyze Your Debts. According to Howard Dvorkin, CPA and chairman of Debt ...
Balance Transfers. “If you have $15,000 in credit card debt, you must employ a few tactics to pay it off in less than five years,” said Jake Hill, CEO of DebtHammer. “I suggest taking ...