Let’s start by being completely honest. This isn’t going to be easy. It’s going to take hard work, on your part, and dedication to following a strategy.
Credit card debt is pretty much the worst kind of debt you can have. This is due to the exorbitant interest rates, and the ease of continuing to add to the burden.
With that said, how can you actually go about addressing credit card debt?
Stop spending money you don’t have. If you are trying to pay down this debt, adding more to the card is only putting you in a worse and worse situation.
Apply for a balance transfer credit card. What is a balance transfer credit card? Well it’s another credit card that will often charge you 0% interest or at least a much lower interest than your current card for a promotional period. This period is often six months to one year. The benefit of this is it allows you to focus on paying down the principal, without accruing additional interest.