17 Ways To Pay Off Credit  Card Debt

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Trying to pay off credit card debt is daunting if you carry significant balances, but it is possible.

Ways To Pay Off Credit Card Debt

Only use your credit cards once you have virtually no balance.

1

Take On No New Debt And Use Cash Or Checking

Staying on top of your budget is essential to ensure you save more than you’re spending.

2

Focus On Debt Reduction Rather Than Spending

3

Paying the required monthly minimum amount is usually set at a low percentage, or 1% to 5% of your balance, and doesn’t hurt or improve your credit score.

Pay More Than  The Minimum

4

You should refresh your emergency fund, especially if you use some of these savings to pay off debt.

Use Extra Savings For Paying Off Credit Card Debt Until Zero Balances

5

This motivational approach works for many who benefit from checking off their card debt list.

Snowball Method – Paying Off Smaller Amounts First

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