Lower High Credit Card Balance - cole haan nike air

Total up how much you are paying in minimum payments and finance charges nike dunk sb low. Also list what their interest rates are for each one.

The next very important step in this program is to STOP CHARGING nike mercurial victory. You cannot get ahead if you continue to use those credit cards.

Take a look at this list and mark which ones are closest to the limits Derrick Rose Jersey . Now you are ready to begin.

Start by choosing the card with the lowest balance and pay the minimum plus the finance charge plus an additional amount nike mercurial victory . Whatever the additional amount is, $10, $20, $30, etc.

Skip eating out one night to come up with the extra you need for the month. Keep up your minimum payments on all your other credit cards. Now here is the key to freedom. As soon as you pay one credit card off, add the amount you had been paying each month (the minimum plus the finance charge plus the extra) toward the next card. You are compounding your efforts and soon will have financial freedom. Why start with paying the lowest balance first The reason I suggest the lowest is the impact it has on your frame of mind. The large one will take a while to pay off and you could get discouraged. So by paying off the one with the lowest balance you will feel such a victory that it will motivate you to continue on your program. You will also obtain the discipline to work on the high balances. This is not a quick fix. It will take time and discipline. If you don't have the discipline to follow your plan, then you may need to seek help. Obtain a low interest credit card and transfer some of the high balance to it. Lenders many times object to charge cards that are more than 50% away from reaching the limits. If you can afford another payment, apply for a low interest card. Then transfer the some of the money from your high balance to this new account. But, do not transfer too much. You only need to transfer enough to get the high account below 50%.