Skip to main content


How To Get Rid Of Credit Card Debt - Once And For All

Getting rid of credit card debt can be done by following three steps. There are many options out on the market that offer credit repair. However, these options do not get to the root of the problem. As a result, you may find yourself in a constant cycle that causes you to work with credit repair agencies. Review these three ways to eliminate credit card debt and/or keep it at manageable levels.

Happy Woman
Photo by Clay Banks on Unsplash

1. Apply For A Balance Transfer

Balance transfers allow you to move your outstanding credit card balance from one credit card to another. Sometimes you may have to pay a fee for this. However, the fee can be minimal when you consider that most balance transfer terms are not subject to interest for a certain amount of time. The important thing is eliminating or reducing your credit card balance to manageable levels before the interest rate increases.

2. Consider Debt Relief Options

Credit card companies do not want you defaulting on your payments. Any amount that you can pay towards your balance can keep you from going into default, missing payments, or your balance from being sent to a collection agency. You can contact the credit card issuer to apply for relief options. These options enable you to continue making credit card payments and can even reduce your interest rate for a limited time. Many credit card issuers are even providing relief if you or your family has been affected by the coronavirus pandemic. Let the company know this, and your fees can be waived, or your payments deferred.

3. Create a Financial Workout Plan

Working with a financial coach can help you get your budget on track. Creating a workout plan with a trusted accountability partner can help you find additional relief options, ways to establish a budget, build your savings, and how to build your personal wealth. 


Popular Posts

6 Things To Do When You Get a Raise

What is one thing someone should do when they earn a big promotion and raise at work?  To help you make the best out of your promotion and raise at work, we asked business leaders this question for their best insights. From expressing gratitude to updating your resume, there are several pieces of advice that may help you make the best use of your promotion and raise at work.  Here are six things to do when you get a raise: Express Gratitude Make Smart Decisions Avoid The Trap of Overspending Improve Your Quality of Life Adjust Your Monthly Savings Update Your Resume Express Gratitude The concepts of the self-made man and overnight success have begun to unravel as professionals start to recognize the contributions of others. After a big win, it’s tempting for hard-chargers to set the next goal, but allow yourself a moment of reflection. Consider what you learned from the victory and who helped you along the way. Then, thank them and commit to repaying the kindness. Mentors move mountain

4 Ways To Save For Retirement as a Tipped Employee

How can you save for retirement while working in a tipped position with no benefits?  To help you save for retirement as a tipped employee, we asked thought leaders this question for their best insights. From exploring tax-advantaged plans to tapping the features of cash value life insurance, there are practical options that may help you save long-term for retirement.  Here are four ways to save for retirement as a tipped employee: Set Up 401(k) and Invest in ESPPs and ESOPs Limit Spending and Save Explore Tax-Advantaged Plans and Related Options Tap The Features of Cash Value Life Insurance Explore Tax-Advantaged Plans and Related Options No access to an employer-sponsored retirement plan like a 401(k)? You can still contribute to a tax-advantaged retirement plan if your income is documented on a 1099 or W-2. The earned income could allow you to make a tax-deductible contribution to an individual retirement account (IRA). More options exist for those with income reported on a 1099 for

8 Tips To Nail a Virtual Job Interview

What is one tip you have for candidates preparing for a virtual interview? To help you do well in a virtual job interview, we asked hiring managers and experienced recruiters this question for their best advice. From being well-prepared and engaging to maintaining eye contact with the interviewer, there are several pieces of advice that may help you perform well in virtual job interviews. Here are eight tips for nailing virtual job interviews: Be Well-Prepared and Engaging Test Out Your Environment and Technology in Advance Turn Off Notifications On Phone and Computer Speak With Confidence and Be Authentic Write Down Things To Refer To During The Interview Focus On the Fundamentals Show Interest and Stay Engaged Maintain Eye Contact With The Interviewer Be Well-Prepared and Engaging  Stay in the moment for a virtual interview. Though “stay in the moment” might seem cliche or vague, this adage encapsulates patience and awareness and works best with deep breathing. Research, practice, an