When you have a lot of credit card debt you are usually stressed out about it, living on pinched pennies and borrowed money, and ready to get rid of it.
The other reaction that happens more often than not is denial.
There are steps you must take to eliminate your debts especially credit cards and here they are.
Step #1 - Admitting you have credit card debt The first step in the process is to pull a credit report for yourself and actually study it.
This will give you a chance to reflect and really admit that you have racked up all of these debts.
To help comfort you, it is important that you know you are not alone.
Many people have debts and many of them exceed $10,000 in credit card debt alone.
Step #2 - Getting the help you need Then second step after admitting you have an issue with debt is getting help.
Sure you could just refinance your mortgage to consolidate the debts, but what happens when a new credit card application shows up or you decide to use a card that is paid off now? This is where the problem comes in and most people end up in a worse situation, than where they were before.
Step #3 - Getting the right help Instead of getting just any help you need the right help.
You need someone that will be there to coach you and help you get through these debts without any problems.
You need a company that will negotiate on your behalf to lower the interest rates and balances for you.
This should be a company that gets you one payment for all your debts and gets you debt free within 3 years or less.