January 07, 2015
With Christmas and the New Year now behind up some of us now have to face the reality of paying off a large credit card debt
Whether you just have a few hundred owing on your card or many thousands, here are some simple steps to get you started paying off the debt.
- Stop adding more debt to your credit card
- Pay more than the minimum repayment - even an extra $50 per month will make a big difference
- Set up a direct debit to pay a fixed amount off your credit card balance each payday
- If you have more than one card, pay off the one with the highest interest rate first or tackle the one with the smallest debt first