If you are struggling to pay your credit card bills, mortgage payment, car payment, and basic necessities, you are not alone. Seventy percent of American people are caught in the same predicament, unaware of the options that they have to fix their financial situation. And when forty-five percent only pay the minimum payment each month, it prolongs the balance and will take even longer to pay off.
This may be hard to believe, but credit cards can help you become debt-free and improve your credit report when used properly. When the competitive credit card industry introduced the low to 0% interest rate credit card, it did not take long for the public to catch on to its advantages. Like any credit card, when used irresponsibly, low-interest credit cards will bring the same financial troubles. Self discipline, commitment, and living within your means is key to helping you stay out of debt.
Find a low or 0% interest rate credit card that best fits your lifestyle. Once approved, you can transfer the high interest credit card balances on to your low annual percentage rate (APR) credit card into one, low, monthly payment. Instead of having a 19.99% APR you would have a 1.9% APR making it more affordable to pay and even faster to pay off. Choose the right credit card for you based on your financial situation.
Having a low APR credit card is not the only answer to becoming debt free. Remember, unnecessary spending and lack of self discipline can put you right back into debt. A low interest rate credit card can be the first and last step to being debt free.