Avoid spending money that you don’t have

It’s a beautiful word when it comes to using your credit cards. The word “avoid” is a great weapon in reducing or completely eliminating your credit card debt. Here are some avoids you can practice:

• Avoid getting more than one or two credit cards. Cancel extra cards that you don’t use.
• Avoid borrowing to pay debt. This is a vicious circle that you can’t get out.
• Avoid credit cards that start charging interest from the day you make a charge. If you have to use a credit card to make a purchase or you are applying for a card, see that they offer an interest free grace period. Pay down the balance within the grace period so that you get out of your debt.
• Avoid spending money that you don’t have.
• Avoid charging everyday expenses such as groceries, gas and other items to your credit card. If you have a credit card that earn airline miles or other gifts based on charges, use it to purchase your groceries, gas and other items and pay up the entire balance at the end of the month.
• Avoid using your credit card to make a purchase when you have cash to pay for it.

Trying To Avoid a Collection Agency? Get Out of Debt!

If a collection agency – or several – is after you, then it may be time to really get a handle on your debt, because situations like this can quickly escalate, and you need to make sure that you have control of the situation before it gets out of hand.  A debt collection agency isn’t out to get you, contrary to popular belief, but you do need to know how to manage your debts efficiently, otherwise it can really start to seem like they are actually out to make your life horrible.  There are a few ways to understand debt, and the best way to start understanding it, is to learn more about your specific debt.  What types of loans do you have, or what types of debt have you incurred?  Some people are drowning in credit card debt, or other types of store card debts, while there are those that seem more prone to having home loan or car loan debts that are too much for them – and their income – to handle alone.  If you find yourself in one of these two situations, the first thing you need to think about is putting down the credit cards and picking up the budget plan, because you are going from Prada to basics right now.  Once you stop spending – not all spending, just excessive spending – then you can begin saving and start paying things off that you need to pay off.   So kiss the commercial debt collection agency goodbye!