Methods of Handling Credit Card Debt
Today we are going to look at a couple methods of handling credit card debt with the results being the same, alleviation of every past-due credit card statement that you currently possess in your home.
Individuals have been battling this form of debt for decades and some individuals never lose the Sword of Damocles that dangles menacingly above their heads and living from paycheck to paycheck while trying to survive the hits of a credit card balance sheet that looks like Enron did the math.
Simple Factorizations One of the most popular methods of handling credit and debt issues is to use a family budget program.
This budget can be as simple as something that is written on a piece of yellow notepad paper or as complex as a weekly family meeting with allowances and responsibilities to match.
This is a very flexible and unique budget plan and program that can be tailored to fit as many families as there are credit card statements in America today.
Family Budget We have touched upon the family budget as a means of dealing with credit and debt and now we will move on to a more intricate and direct answer to the question of debt to income ratios.
The credit statements that are littering your home office floor - and your mind as well need to be addressed and attacked as if they were enemies of the family.
This method of dealing and handling the massive amounts of debt has to do with being on the offensive and taken the power away from the credit collection company.
American Revolution You may be thinking to yourself just how do you go about handling this as this system of credit and debt has been building upon itself and feeding on the American public for decades? Recall how the American colonists enlisted the aid of the French and Spanish against the British Empire during the American Revolution? You need to do the same for handling your credit card debt situation and battle by enlisting the services and aid of a credit counselor who will align themselves with you and push the credit card industry back behind the Mason-Dixon Line.
Credit Card Debt Resources