We live in a time where everyone has some sort of debt. Debt can be very difficult to pay, specially if it’s credit card debt. Here are three simple tips that can help you be one step closer to being debt-free.

1) Pay the biggest debts first

When you don’t pay a debt, interest starts to form. If you have a big amount of money that you owe, that means you’re going to be getting a big amount of interest too which only adds to the amount of money you already owe in the first place. Paying off these debts first allow the interest to stop growing and your debt remains stable.

2) Transfer your debt to another card!

Sometimes it gets difficult to pay off credit cards with high interest rates, so your next option is to see if you can transfer your debts to a card with a more favorable rate. Some recommended cards you should consider are BankAmericard, Chase Slate, and Citi Diamon Preferred. Transfering your debt to another card will allow you to save money by decreasing interest while still paying your total balance.

3) Ask for lower interest

If your interest is too high and you don’t want to keep paying such high interest, ask for a change! According to a recent study by CreditCards.com, over 80% of Americans managed to improve their credit card terms simply by reaching out and asking. Contact your credit card company and ask for a lower interest rate, it’s very likely they’ll say yes!


If you strategize correctly, it’s very likely you’ll be able to get rid of your debt very easily. You don’t have to feel stressed out about it, just strategize the right way and it will be possible! Inform yourself and learn about the different things you can do to be debt-free.




Source: https://www.fool.com/credit-cards/2017/04/18/3-credit-card-debt-tips-you-should-know.aspx