Assess Your Assets
So we can gripe about shady credit card industry practices and the need for industry reform (I know I sure do), but ultimately we must remember that the power for credit card debt relief lies within.Â
You may want to erase credit card debt completely, or maybe just whittle that debt away to a manageable figure. If you are so frustrated you can’t see straight, it’s time to get a pencil and start running the numbers.
Write down your total credit card debt. It may be depressing, but know that you’re not alone. The average American household’s credit card debt stands at about $10,000 and growing. The first step on the road to credit card debt relief is to face the music, realize you have a problem, determine how severe it is and figure out how to solve it. You may even want to take it a step further and calculate your debt-to-income ratio.
In the coming days, learn how to create a sensible credit card debt relief plan and - what’s more - how to follow it!
