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National Debt Relief Discloses Four Tips to Lower Credit Card Debt

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New York, NY (PRWEB) June 23, 2013

National Debt Relief is determined to teach credit card debt education to their readers through the article published last June 9. The title of the article is 4 Simple Things You Can Do To Cut Credit Card Debt and it focuses on four tips to help consumers overcome this type of debt. It is the intention of the debt relief company to ease the stress that consumers are feeling when it comes to credit card debt.

First of all, the article encourages consumers to rank their debts and various expenses according to priority. This is the number one goal of budgeting – so in essence, the company is promoting this habit to their readers. Consumers must rank the most important like rent or secured loans (e.g. mortgage or auto loans) and place among the last the entertainment expenses, and other subscriptions that are not necessary to survive.

The same prioritization must be done with credit card debt. Interest rates must be considered as they are usually not the same. The ideal ranking is the highest interest goes on top of the list – at least this is what the debt relief company is proposing.

The next tip provided by the article is for consumers to learn how to negotiate. As intimidating as it may seem, it is possible to negotiate debts with creditors. The debt relief company encourages readers to request for a reduction of their interest rates. The company can attest that some creditors agree to lower the interest. Another suggestion by the article is to opt for balance transfer to lower the rates.

The third tip that the article has for readers is to implement the snowball method on their credit card debts. The idea is to look at the priority list, pay the minimum for all the debts and put in the extra on the topmost account on the list. The article explains that after completely paying off the first, the freed funds will be added to the minimum payment of the second debt on the list. When that is paid off, the free funds (which is the first and second debt payments) will then be added to the minimum of the third – and so on.

Lastly, the article urges readers to just stay on course of the snowball method. Although it is proven effective, National Debt Relief observed that consumers do not have the patience to complete it. They advise consumers to continue paying off the debt until they finish. Not only that, the article warns the readers against incurring more debt. As much as possible, cash payments should be practiced instead of using credit cards.

National Debt Relief primarily offers debt settlement so the article ends with this as a proposal for a better solution. They understand how difficult it is to get out of debt and they offer their services to help consumers communicate, negotiate and arrive at a settlement. This debt relief program aims to provide debt relief in 24 to 48 months.

To read the whole article, visit the National Debt Relief website or talk to one of their IAPDA (International Association of Professional Debt Arbitrators) certified debt experts through 888-703-4948.







National Debt Relief Discloses Four Tips to Lower Credit Card Debt is a post from: Best Home Mortgage


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