For all of you out there who are in trouble, I have decided to write 5 Ways to Get Out of Credit Card Debt after going through a tough experience with credit cards. I have been through times, when I became six months behind and debt collectors were calling my house many times a day. Being at the brink of bankruptcy and debt settlement has forced me to change the ways I manage and appreciate money. Currently all of my 3 credit card debts are under the limit, and the fees, penalties, and phone calls have stopped. This was accomplished without the help of lawyers and third party agencies /debt settlement agencies.
I realize that some people may have an enormous amount of debt from medical bills or some similar circumstance. This article won’t apply to everyone. I try to detail a few simple ideas and habits that I hope will assist you in your endeavor. The methods I have used are for the average person who has just borrowed their way into financial red ink. By May of 2005 I had accumulated roughly $18,000 in credit card debt and was taking a serious look at bankruptcy. Between this and other debts I had incurred, I was unable to meet my minimum payments. My monthly income and expenses looked like this:
