http://www.tilldebtdouspart.com/credit/card/debts/eliminate/ Eliminate credit card debts and save a lot of time and money. Here's how you can eliminate credit card debts. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Debt Freedom This is what you can enjoy when you eliminate credit card debts. Complete and total debt freedom. But you might find that trying to eliminate credit card debts on your own is easier said than done. After all, your monthly minimum on one card might be $60, and $50 of that goes towards finance charges, leaving only $10 to go towards paying what you actually owe. And generally, you have more than one card that's got outstanding debt and similar minimums. Doesn't it pain you to give that much money to a credit card company each month? And for what in return? Letting you spend more than you can afford to spend? When you really think about it, it's twisted logic. But if credit card companies didn't charge such high interest rates, more of that $60 would go toward your balance. This leads us to our first suggestion about how to eliminate credit card debts...transferring your balances to a card with a low introductory APR. These days, you can find introductory offers as low as 0% for six months to a year. Ideally, you'd transfer all your credit card balances to this card (provided there's no annual fee and no balance transfer fee) and have them paid off completely by the time the introductory period is over. That's the best way to eliminate credit card debts. However, if you've already been given too much credit (credit cards with high limits) you might be "overextended" and a 0% card company might not be willing to give you a credit line that's big enough to hold all your balance transfers. Still, 0% on some of your debt is better than what you're paying now. Just try to transfer as many balances to that card as you can. If this turns out not to be a viable method for you, you can eliminate credit card debts through one of the four main debt management programs: Debt settlement Debt consolidation mortgages Debt consolidation loans Debt consolidation To find out which of these programs you qualify for, contact a debt management company. Sat, 26 Jul 2008 15:00:00 EDT