Perhaps the fastest way to eliminate debt is by actively pursuing a solution. With credit card debt especially, the interest rates are high and thus you accumulate even more debt very quickly.
To get started with eliminating your credit card debt, start by looking at all of your interest rates on each card. Then, call your credit card company and simply ask for a lower interest rate. Many companies will lower high rates if you have a good credit history with them.
Next, continue looking into eliminating your debt by shopping around for new cards. Look for the credit card companies that offer 0% interest for a long period of time. As a warning though, be aware when choosing a 0% interest card that many have extremely high interest rates if you default on repayment, or at the end of the promotional offer. ■
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