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The Best Pathway to Solving Credit Card Debt

If you’re currently struggling with credit card debt, you’re definitely not alone. Many families all across the world, including in the United States, struggle with credit card debt. However, if you’re actively looking for ways to solve your credit card debt, you’re already ahead of the curve. Here’s what you need to know about solving credit card debt in your life.

1.  Take an Inventory of Your Current Credit Cards

First, you need to look at all the credit cards you currently have. Look at things like the current balance of a specific credit card, the rewards and benefits that come with a credit card, the APY of a credit card, and the minimum payment you have to make on that card every month. Write down all of these things for every credit card you have so that it’s easier for you to see what your credit card variety looks like.

2. Consider Closing Credit Cards With High Annual Fees

If you’re currently drowning in credit card debt, high annual fees may not be worth it for you right now. If you have any credit cards with annual fees of over $100, it may be a good idea to seriously think about how much benefit these cards are currently providing you, and whether that benefit is more than the annual fee. Chances are, it’s not, and you might do better by closing those cards until you’re able to get a handle on your debt.

3. Consolidate Balances With a Balance Transfer Credit Card

A balance transfer credit card can be an extremely effective way to handle credit card debt. With these cards, you transfer the balance of an existing credit card to another card, often with a 0% APR for a certain amount of time. However, you need to make sure that you’re getting a credit card that will work well for you. Make sure you do some research to find the best balance transfer credit cards for your specific situation before you sign up for one.

4. Use Credit Cards More Carefully in the Future

The best thing you can do for your credit in the future is to make sure you’re careful with how you use credit cards. Avoid using your credit cards like ATMs; cash advances typically come with extremely high fees and interest rates. The best way to use a credit card is to make purchases that you would have already made, and to pay off the entire balance before you start having to pay interest.


If you currently have credit card debt, you’re in a similar position as many people across the country. However, this can be a very frustrating position to be in. It’s best to try and fix your credit card debt if at all possible. With these four steps, it’ll be easier for you to solve whatever credit card debt you currently have. Plus, you can avoid credit card debt in the future as well.