Hi Neale - Any tips on how to eliminate $20,000 of credit card debt? Thank you in advance.
First of all, Lazer. You are not alone. Let’s focus on initial steps you can take to pay off your debt.
1–You may want to consider fast track payments – resolve and budget to double the minimum payments due each month — on ALL of your debt: credit cards, student loans, car loans (maybe not your mortgage). It may seem impossible, but give it a try.
2–Start by concentrating on the most expensive credit cards first.
3–Go over your monthly expenses with sharp eye. If you can get away with less frills on cable, phone, meals out, coffee, then do it. Be positive that you can come together as a family and beat your debt.