Credit cards are such a basic element of every day life for many people today, that it would be challenging to survive without one. They are effectively necessary if you want to rent a car, go on holiday or order products online. However, with the development of credit cards, has also come a rise in debts. Many individuals are finding that they cannot keep their credit cards debts under management, and in some situations is out of control.

So how do I get out this mess? In my experience, there are 3 faults that many individuals create with credit cards:

i) Using it for frequent buys like food and petrol, because you are spending more than you have and using your card to make ends meet at the end of the month. You might get away with this every now and again, but if it happens month on month, you\’re going to get into difficulty very quickly.

ii) Remaining with the same credit card company for years when there are much better offers out there with reduced repayment terms. Some people have been trapped with high interest credit cards, which usually means that your monthly repayments are much higher than they need to be and it will take you longer to pay off your debts. This situation will not help you pay off your debts any time soon.

iii) Only making the bare minimum monthly payment as predetermined by your bank. The lowest monthly payment set by many creditors is developed to keep you in debt. This quantity is usually assessed just above the interest payment per month, so you are never really making any headway with your debt payments. By the time you make the next month\’s payment, you will probably have used your cards for purchases, thus leaving you with a higher debt balance than you started with.

So what steps should I take to pay off my credit card debt?

i) Try to only use your card for the things you really need to use it for. Even better, why not cut it up so that you can\’t use it at all? You\’ll notice a bit change in the right direction in your card balance, and you can always apply for a replacement later.

ii) Move credit providers. Do some digging and find out what are the best deals around. There are some excellent comparison websites that can help you find the best deals. Remember to read terms and conditions ands wtach do don\’t get caught out by deals that offer you 0% APR for a few weeks, and then you end up on a higher rate than you had on your old card.

iii) Be prepared to pay more than the lowest required monthly payment by your bank or credit card supplier. Pay off as much as you can, but if you are limited by what you can pay, try and pay as much as twice your miniumum required payment.

Ok so you came to this article because you are looking for free debt advice. I just hope the advice in this article will prompt you to take action. By taking action today, you will be much closer to your goal.

Author: Francis Murphy http://www.freeukdebtadvice.com Interests in areas of debt advice, science, website design and writing.

Author: Francis Murphy http://www.freeukdebtadvice.com Interests in areas of debt advice, science, website design and writing.

Author Bio: Author: Francis Murphy http://www.freeukdebtadvice.com Interests in areas of debt advice, science, website design and writing.

Category: Finances
Keywords: free uk debt advice, credit card, get out of debt, reduce my debts, pay off my debts