Use Debit Cards

By Paul J. Easton

Have you ever been advised to choose using a debit card instead of your credit card? In this time of economic meltdown, your debit card might be a choice when it is time to cut up those credit cards.

Your bank ATM card, if with the Visa or MasterCard logo, is a debit card. By using debit cards as the substitute of your credit cards, you will not be anticipating for bills that have to be paid at the end of each month. You might not earn points with your purchases but you will not be tempted to spend more. This is because you can only use your debit card if you have enough money in your account for the purchase.

Debit means to subtract. So the purpose of your debit card is to subtract money from your bank account each time you use it. Debit cards have several advantages like the credit cards. You can use it as an ATM card to withdraw cash from your bank account. It is convenient and accepted almost anywhere. And most importantly, debit cards will likely reduce your spending spree.

By choosing a debit card, you don't have to be concerned about making regular payment with your credit card. It eliminates the interest rates and your late penalties in case you forget making a payment on a due date. For now, a debit card will likely replace your credit cards.

So get your credit cards from your wallet and cut it up. By doing this, you will have no choice but to stop using all your credit cards starting today. This is very vital for now for you not to get deeper in trouble.

By deciding to live off of the income you bring home, you show some commitment to temporarily sacrifice towards being debt-free in the future. Rather than depending on the credit cards that were previously residing in your wallet, you make the solid move of getting the temptation away. Be debt-free now with these tips on how to get rid of debt here.

This is a very critical time in your life. Fighting that credit card debt is only effective if you cut off all the unnecessary distractions. By ditching the credit cards off, you make yourself relieved of the lure of getting back in the habit of spending more than your financial capacity. By using your debit card and working hard enough to pay the bills on time, you will definitely be in good financial shape in the future. Thanks to your debit card, the credit card substitute saved your financial life.

For information on how to get rid of debt, go to http://www.Howtogetridofdebt.net/ by Paul J. Easton.

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Big Credit Card Debt Can Kill Your Credit Score

By Jim Bransby

In today's society, it might be easier to get a credit card than to organize your dresser drawers. Half of the time, the credit card applications arrive at your home and are practically filled out for you. All you have to do is ink down your first and last name and then you are the proud owner of a fresh new credit card.

Then you get the card, and it's easy to use. It's just as easy as your debit card, except it doesn't hit your bank account ... yet. It hits your credit card debt, which is a killer. It's very easy to keep spending and spending, and it's very easy to lose track of how much you have spent.

A huge credit card debt is staring right back at you. The basic plan from the credit card company is something ridiculous, like a thirty year payment plan and the payment just goes up more and more every month to no end. Your new lifestyle of spending recklessly has left you in a mess, yet there is a way out.

Fix your mistakes and mend the wounds that the credit card companies have caused. First thing first, you must call the company. The truth is; they want their money as bad as you want out of debt, so you know that they will work with you. Often times you can negotiate a more than affordable payment plan that will stay constant.

As soon as you get off the phone, cut up the card. Don't trash it, because you might need the number for confirmation on a report or something, but cut it up so you can't use it. Put it in a baggie and bury it in the closet, in your sock drawer, or somewhere else it is safe and you are not likely to pull it out and use it. Stopping the spending is critical.

As you make your payments on your credit card debt, you might still be hearing from other agents. Resist the urge to yell at them - they are people just like you trying to make a living, just their living is a lot more stress-inducing than yours. Instead, tell them that you are on the path to fixing your debt problem, starting with one of your large accounts.

Never give the details of the plan you made with the other companies to pay back the debt as most calls are now recorded for legal purposes. Make sure they know that you are not made of money and will need their complete cooperation if they really want to set up a payment plan. Keep your spending in reason though so the payments do not overwhelm you.

After all these arrangements, there might be another bill that you forgot about. If you cannot pay, don't lie. Apologize to them. Let them know that you have made arrangements with however many other places, and your income is fixed, but you will be happy to call them monthly to update them on your status. Stay in touch so they know your intentions, and you may find the collectors working on YOUR terms!

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To find out exactly how you can get your annual credit report visit my credit report website.

Becoming Debt Free And Learning How To Be Money Smart

By Cindy Swartz

You may be like me and are tired of hearing about how bad the economy is in; however the truth is that most people are just learning that it is important to begin becoming debt free and to begin thinking differently about the money you make at your job. We as a society are so prone to spending all our money on material items as long as we can make the payments we do not care how much it costs.

This should not be the case if you are trying to learn how to become debt free. You have to begin to look at debt differently. You most likely work hard for your money and the last thing that you want to do is continue to give someone your money while you continue to be broke.

It is not easy to become debt free and it is going to you to begin thinking differently about what you spend your money on. However if you take the time to do that right now; then you will not have to worry about constantly worrying about how you are going to pay your bills.

Investing your time about learning how to become money smart is a huge thing. Anyone who has money understands that they have to know how to spend it and how to save it. If you ever want to create a financial nest for yourself then it is time that you learn more about your money.

Learning how to make your money work for you so that you do not have to continue to work hard your entire life is a huge thing. People who spend all their money right now when they are young are going to realize at a later date that they wish they would have learned how to be smarter. No one is going to take care of you when you get old; so it is up to you to find out how.

You can easily pick up several financial bools that will teach you how to invest your money and begin making it work for you. Another great thing about learning how to spend your money wisely is that you will teach your children the value of money. Remember that if your children watch you spending your money and know that you are drowning in debt; then most likely they are going to follow in your foot steps.

You can make your dream about becoming debt free a reality all you have to do is change the way you currently spend your money. Why not begin investing in your future and learn how to become debt free. Visit our site below and join us in our debt free challenge that will have you thinking differently about the way you spend your money.

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Join Our Debt Free Challenge And Become Debt Free. Stop Worrying About Your Finances And Begin Taking Control Of Your Life!