Released on = March 30, 2007, 6:25 pm

Press Release Author = Art Taylor

Industry = Consumer Services

Press Release Summary = Using a credit card to make up a huge debt is one of the
easiest things a person can do. For reasons unknown, all of us feel more comfortable
using a credit card than handling cash.


Press Release Body = Large credit card debt results in heavy and continual losses
until the debt is paid off, primarily because the interest rates on credit card debt
are much higher than normal loans. An individual ends up losing considerably more
money paying interest costs than they have actually been spent using the credit
card, not to mention the repercussions on credit rating when one fails to make
timely payments. These seeming debt traps can actually be used to your advantage if
you use a little wisdom and the following tips:

Remembering the high interest rates, transfer you balances to your lowest interest
rate credit card, where you may get a 0% or the lowest possible rate for some period
of time. During this period of time where you have low or 0% interest, you can
attack your other debts that are attracting heavy interest rates. Keep track of
other balance transfer offers and be ready to repeat the process towards the end of
the period on the first 0% or lowest interest offer. If you don\'t find another low
interest option, pay off as much debt as you can to reduce the loan burden. Because
the credit card industry is intensely competitive, you will almost always find 0% or
low interest rate offers on the market. Until the credit card debt is paid in full,
remember the debt still exists and is a heavy interest rate burden.

Another useful and effective utility to reduce your credit card burden is debt
consolidation. Debt consolidation loans carry far lower rates of interest than
credit cards. You can make a debt consolidation loan at a much lower interest rate
and do away with all the credit card debt, still, make sure your debt consolidation
loan repayments are on time so that you credit rating is not impaired further.

One of the best ways of reducing credit card debt is to exercise credit card
spending, self restraint. Though this is easier said than done, it is a possible
alternative. However, the very best way out of credit card debt is to slice up your
cards, then there is no way to incur credit card spending debt and your high credit
card interest rate worries will be over for once and for all.


Web Site = http://www.ecreditcardworld.info

Contact Details = Art Taylor
Unit 333
Boulder, Co. 80303
720-226-9436
http://www.ecreditcardworld.info/
Altayr19@yahoo.com