How to Reduce Debt on Credit Card Loans

There are a number of things that you can do to reduce your credit card debt. Reducing credit card debt can get you on track to eventually becoming completely free of credit card debt and not having to worry about getting late or over-the-limit fees.

Instructions

How to Reduce Credit Card Debt

1

Stop charging items on your credit card. By not charging any more items to your cards, you will stop incurring debt on them. Instead, pay for everything with cash, and if you don't have the cash to pay for something, then wait to purchase it when you do have the money.

2

Pay more than your minimum monthly payment on your credit cards. The more money you pay on your credit cards each month, the quicker your debt will be eliminated.

3

Negotiate with your credit card companies to reduce your debt. You can negotiate paying half your bill if they will pay the other half to get the account paid. You can also offer to pay triple your minimum monthly payment if they would eliminate any fees that you have incurred.

4

Call your credit card companies to see if they will reduce your interest rates. With lower interest rates, you will not have as much credit card debt.