A lasting solution to credit card debts

Four powerful tips to help settle your credit card bills

09:14 30 August 2013

• Do not panic: The moment you realize that you can't settle your credit card bill for the month, don't panic because you would end up heaping more coal into the fire rather than extinguishing it.

 

• This is not a time to have faith that your problem will go away: Don't make the mistake of telling yourself that this problem has been encountered by many people but they found a way out of it or that you would rather settle double the next month. Face the problem headlong with all you've got until the issue is resolved.

 

• Gather all necessary information and call your credit card provider: It is the job of your credit card provider to help you resolve any problem you are facing with your credit card so don't be scared to call them. They would not insist you pay-up everything but listen carefully to you and provide you with a possible solution.

 

• Agree with your credit card provider on the next line of action: Your credit card provider will definitely be appreciative of your honesty and probably clear your arrears then move your already scheduled repayment amount to the following month. But if the problem is not as straight forward as expected, he/she will try a short term agreement with you so as to clear the arrears.