The most important aspect of debt resolution is to learn from your mistakes. When the debt has been resolved you will find yourself feeling free and light. At that moment, the temptation to start spending again will be surprisingly strong. Don’t do it.
Put yourself on a cash-only basis. Get rid of all your cards except one for emergencies. Spend no more on your card in any one month than you can pay completely. Never let a balance carry over on your card. Little numbers add up fast. You’ll never regret the hard work you put into erasing your credit card debt, but you will bitterly regret getting yourself right back in the same mess again.
The consolation is that you’re not alone. Millions of Americans are struggling under the burden of credit card debt. That’s not, however, an excuse to run with the pack. Start today getting yourself out of the credit card hole, improving the scores on your credit reports, and taking back a sense of control in your life.
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Flag as inappropriate Posted by Bren on 22nd July 2008