Combating Credit Card Spending Habits Manlius NY

You should realize that you have a problem and you cannot control the way you use your credit card. So, you must refrain from using your credit card and if it means getting rid of the credit card altogether - then so be it.

Local Companies

Alliance Bank
(315) 280-6428
160 Main St
Oneida, NY
GPO Federal Credit Union
(315) 363-8029
1000 Oneida Plaza Dr
Oneida, NY
Abn Amro Inc
(212) 409-1000
55 Park Avenue Plz
New York, NY
Fiscal Dynamics
(914) 944-3060
230 Ridgecrest Rd
Briarcliff Manor, NY
Merrill Lynch S
(518) 462-8300
Pearl & Beaver
Albany, NY
ACCESS Federal Credit Union
(315) 366-9840
2094 Glenwood Plaza
Oneida, NY
Oneida Savings Bank
315-363-2000
182 Main Street
Oneida, NY
AmeriCU
(315) 363-0148
280 Genesee St
Oneida, NY
Beneficial New York Inc
(718) 649-2110
1329 Rockaway Pkwy
Brooklyn, NY
Axis Finance Group Llc
(631) 439-1700
734 Walt Whitman Rd
Melville, NY

Provided By:

Author: Cindy Heller

Nobody really knows the extent of credit card debt problem. It is a ticking time bomb just like the sub-prime housing loan. If you have more than one month salary worth of debt in your credit card account and you have rolled over your debt more than once consecutively, you are already in deep problem although you may not realize it or simply refuse to acknowledge it. Do this self-assessment - if the credit card companies withdraw your credit facilities, will you be able to repay all your debts within three months? If you cannot, it is high time to take affirmative action. Firstly, to reduce your debt and clear them completely eventually. Secondly to form good spending habits to prevent yourself from going into debt again.

Stop Using Credit Cards

You should realize that you have a problem and you cannot control the way you use your credit card. So, you must refrain from using your credit card and if it means getting rid of the credit card altogether - then so be it.

Start Paying off Your Debts

Sit down and determine to the last cents, what is your total debt. Work out a practical plan for repayment. Do not stick to the minimum sum for repayment. Plan on 2 -3 years' repayment period if your debt is huge. Otherwise, endeavor to clear them as soon as possible. You can also check out whether your credit card company is willing to lower the interest rate on your credit card debts. More often than not, credit card companies will be more than willing to accommodate as it is also good for their business to have assured repayment.

If the credit card companies are not obliging, you can use low interest rate balance transfers to give you some breathing room. However, be sure to use the money from the balance transfer loan for repayment of existing debts and not any other usage.

Learn How to Budget Your Monthly Finances

After you have work out the exact amount of debts, add on your recurring bills such as utilities, gas, groceries and telephone. Determine exactly how much you need to spend each month and that should be what you really really need to spend. You will then have a very good idea of whether you need to take on a second job or to prioritize your spending.

Consolidating Your Debts

If you are in a real deep problem, you should consult a credit counselor or at least, sought to consolidate your debts. Consolidating your debt is a good way of lowering your monthly repayment amount, the interest rate payable and it will allow you the ease of a single monthly payment. This should help to prevent anymore penalty for late payment or non-payment. It is also a realistic plan for clearing your debts and to get your life back on track while allow you to live a more or less normal life without the constant worrying about debts.


About the Author:

Cindy Heller is a professional writer. To learn how to get out of credit card debt, please visit debt reduction plans.

Article Source: http://www.articlesbase.com/debt-consolidation-articles/regaining-control-of-your-life-combating-the-credit-card-monster-802547.html

Related Articles
- Credit Card Identity Theft Fears Manlius NY
A recent study found that, in the midst of the global financial crisis, American's primary fear is credit and debit card fraud. 68% of those surveyed are extremely or very concerned about the security of their credit or debit card data, and 66% are extremely or very concerned about identity theft.
- Debt Collection Statute of Limitations Manlius NY
- Credit Card Statement Manlius NY
- Debit Cards at Risk for Fraud Manlius NY
- Early Retirement and Health Care Manlius NY
- Dealing with Financial Stress Manlius NY
- Credit Report Manlius NY
- Debit Card Manlius NY
- Credit Scores Manlius NY
- Credit Reporting Agencies Manlius NY