Credit Card Debt: 5 Strategies to Manage and Pay Off Your Balances

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How much do you owe? What are your interest rates? How much can you afford to pay each month? 

1.Understand Your Debt

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2. Make a budget

Once you know where your money is going, you can start to make changes to free up more money to pay off your debt.

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3. Pay more than the minimum

If you only pay the minimum balance on your credit cards, it will take you years to pay off your debt and you'll end up paying a lot of interest. Aim to pay as much as you can each month

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4. Get help from a Credit Counselor.

Credit counselor help you to develop a plan to debt pay off. Credit counselors  negotiate with creditors to lower your interest rates or waive late fees. 

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5. Don't Give Up

Paying off credit card debt takes time. Just keep it up, and you'll eventually be debt-free. 

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