How Do You Eliminate Credit Card Debt Legally?
Eliminating debt is an important step in building financial stability. There are some concrete steps you can take to eliminate credit-card debt legally and start creating a more sound financial future for yourself. Stop using credit cards. The best way to legally eliminate credit-card debt is not to keep creating more. Don’t sign up for new cards, and cut up your existing cards. Create a plan to pay down your credit-card debt. Make minimum payments on larger cards and work to pay off smaller balances in full, or at least first. Once you’ve paid off a balance, move the next highest balance to the top, and start whittling away at that balance in larger chunks. Communicate with your credit-card companies if you are having financial difficulties and have fallen behind on payments. Some credit-card companies will be willing to place a hold on interest charges for a set amount of time, or may work out a plan with you to settle the entire balance for a discounted amount over a set period of t
