Do you have unpaid credit card debt? If you have unpaid credit card debt, then you need to take a look at all of your options.
The first option that people generally opt for is to call their creditor and ask them if their payments can be reduced over a period of 90 days.
This phone call is very important, because they can put you into a hardship program that will allow you to slowly pay down any unpaid credit card debt.
The second solution that people look into when they have unpaid credit card that they owe is to shift their balances from one creditor to another.
This gives you the ability to focus on one lump of debt a time without having to worry about defaulting on your debt.
This also allows you have your balances with just one creditor without accruing any interest for least six months to one year depending on what program that you are enrolled in.
The third way that the American economy has been able to get rid of unpaid credit debt is to use the government solution for credit debt and utilize the recent stimulus package that allows any American to erase their credit debt if they have over 10K that they owe.
We would recommend taking these steps unless you have over 10k.
If you have 10 K or less, then you definitely need to work with a debt consolidating debt firm that works within the stimulus package and who knows the ins and outs to get your debts erased effectively.
Finally, we would like to leave you with a note.
Please always use cash for any of your purchases because this can help you stop incurring any more debt.
This will also help you start establishing correct spending habits in your life.
So, the next time that you go to the store and make a small purchase, pay cash because it can never hurt you in the end.