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How to get out of credit card debt: 1. Find a payment strategy. 2. Look into debt consolidation. 3. Talk with your creditors. 4. Look into debt relief. 5. Lower your living expenses.
6. Seek help (if you need it) 7. Work on your financial habits. 1. Evaluate your finances. A good first step toward getting out of credit card debt is to assess your financial situation. Create a list of everything you owe, including credit card debt and all other monthly bills.
Consolidating debt can save money and time. To help you take advantage of debt consolidation, we walk through 7 easy ways to consolidate your credit card debt.
Start negotiations at the lowest offer possible (i.e., even if you can afford to pay 60%, start at 20%). Once you’re ready to dial, ask to speak with an employee who can negotiate your debt ...
WalletHub. @WalletHub. To pay off $7,000 in credit card debt within 36 months, you will need to pay $254 per month, assuming an APR of 18%. You would incur $2,127 in interest charges during that time, but you could avoid much of this extra cost and pay off your debt faster by using a 0% APR balance transfer credit card.
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