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What's the best way to eliminate credit card debt?

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The thing about debt is that it never sleeps. It is always there, hanging over you like a dark cloud. The only way to get out from under this cloud is to eliminate debt completely. However, it can be difficult to escape debt's hold, but there are some things people in Tampa can do to overcome debt, including credit card debt.

There are many opinions on reducing and eliminating credit card debt, but some methods are better than others. Let's take a look at some of the ways you can eliminate your credit card debt, or at least reduce it, according to RealSimple.com.

  • One card at a time

Focus on just one card at a time, and if it will help you feel like you've accomplished something, then go after the one with the smallest balance first. On the other hand if you want to help your credit score, then go after the highest balance first.

  • Lower your interest rates

Although they won't always comply, you can ask your creditors to lower your interest rate, which can save you money over the long haul and help you pay off your cards faster.

  • Balance transfers

It can be very helpful to transfer one balance to another card with a lower interest rate, but only if you plan on paying off the debt quickly, within the low-interest rate time period.

  • Multiple payments

If you can only make the minimum payment, then try to make that minimum payment two separate times during the month, which can help reduce the interest charges.

Overcoming credit card debt is always a smart move to make. However, we realize that not everyone is able to get out of debt on his or her own. In some extreme cases, people will have to consider filing for bankruptcy in order to be free of their debt. Although bankruptcy is not ideal for everyone, it can help many put their debt behind them for good.


We at Timothy J. Sierra Attorney at Law would like to state that our blog posts and links, on our web page or any other social media outlet, to any other web pages are not intended for legal advice. We are not responsible for third party website information. If one is in need of legal advice please contact an attorney directly.

  • "When I first came to the decision to file for bankruptcy, I had no idea where to start. I began researching attorneys on the internet and came across the information for Tim Sierra. Since he specialized in bankruptcy and had a lot of experience......"
  • The process of going through bankruptcy could be very overwhelming but Tim made me feel at ease and I felt that my needs were being taken care of. I truly feel that he had my best interests in mind and the lines of communication were always open....
  • "I had to file a Chapter 7 bankruptcy. I didn't know anyone who could refer someone so I took a chance and just looked on the Internet. I don't remember exactly why I chose Mr. Sierra, but I am glad I did..."
  • He was honest, straightforward, and hard-working. In my case I ended up with some extenuating circumstances and he handled the matter professionally even though I'm sure the work probably exceeded what he originally felt it would be....
  • I don't ever write reviews, and I had no prior relationship with Mr. Sierra. This review is simply being written as a service to others that Mr. Sierra is an excellent attorney and should be considered for your needs if you need one....
  • "I'm very happy to have been referred to Tim for my Chapter 7 filing. He was knowledgeable in his field and very responsive in replying to any questions or concerns I had. Tim was also very accommodating with meeting times..."
  • " I recently was in need of Mr. Sierra's services and I found him to be very understanding and helpful in my particular circumstance. He met with me and explained everything in full detail and also answered every question that I had....."
  • " I recommend Timothy Sierra a loyal and dependable lawyer. When you talk to him you feel that you are with a friend or a member of your family. Timothy is able to lead you in every step of the process. Good job Timothy."
  • " Bankruptcy is a private and personally devastating life event. Timothy Sierra and his assistant, Nancy, made the process as painless as possible. They kept in close contact via phone and email so I always knew what was happening in my case...."
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