Are you struggling to get a head of your credit card debt. No matter how disciplined you are, no matter how much money you put on the card, you just cannot seem to get ahead? Here are some simple tips for you!
1. Get a better rate: If you are paying 22% interest on the card, no matter how much you owe, you are getting STUNG. Shop it around. Imagine if you could reduce this to around 4%. You will save quite a lot of money, especially if you keep you repayments the same as they were on the higher rate.
2. Put more money on the debt: Before you tell me you can’t, get a specialist to show you how. For example, we have been showing clients how certain costs can be paid more effectively. Meaning, if you have a credit card and a home loan, and we showed you how to save $1,500 per annum on your home loan, this is an EXTRA $1,500 you can allocate towards your credit card that you never knew existed! Or follow step one above. Speak to us TODAY.
3. Destroy the credit card: Temptation can sometimes be a curse when it comes to paying off the credit card. For some people, completely destroying the card helps move forward as it stops you tapping into and spending any of additional payments.
4. Understand debt: Education on how the bank charges you is a great skill to master, especially if you want to beat the bank at their own game! Do you really know how the bank makes their money off your credit card? Find out how TODAY.