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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.

  • "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. "
  • "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. "
  • "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. "
  • "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. "
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