Sure, we all want to know the fastest way to eliminate credit card debt. That’s a given. The major question is; how do we get started? This is a tricky question for some, but not for me. I think the most prudent thing to do at this point is to examine how many credit cards you have and the interest rate for each of them. Write it all down. Now, how bad does it all look? Okay, it’s time to get online. This is a great asset to have when you’re striving to eliminate credit card debt once and for all. Pop open your Google search engine. It’s time to find the best routes to consolidation. What you ideally want to do is consolidate your credit cards and end up with only one low monthly payment. The key here is in the interest rate. You want the lowest one you can possibly find. Maybe this will involve a loan or maybe it will involve acquiring a new credit card and doing a balance transfer. It’s all about that APR. The last thing you want is a crappy percentage rate that bleeds you dry month after month. No one wants to lose all that additional cash to nothing. You want to pay off your debt and be done.
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