Need help with credit card debt? As someone who was once in a similar pickle myself, I can definitely help you. In this article you'll find my tips for overcoming credit card debt and improving your financial position.

Cut Down On Your General Outgoings

It goes without saying that you need to cut down on your expenditures. When I was in debt, I was lulled into a false sense of security. I was still wildly spending. Sure, I cut down a little but I did not cut down enough.

If you are in credit card debt, you should be cooking all your own meals and spending very, very little. Yes, you can treat yourself once per week but otherwise you really need to knuckle down.

Try To Stay With Family Or Friends

Rent is the biggest problem that most people have and it puts you into more and more debt if you are already sinking in it. Try to stay with family if you can because this can be enough to turn your situation around.

Yes, you may not get along all that well with your brother or your mother anymore but you will both learn a lot about each other during this period and you can learn to love each other a little more than before. I am speaking from personal experience here, try it and you will get double benefit i.e. not just a financial one.

Pay The Least Amount Of Interest Possible

Personal finance is all about making the most interest on your money and paying the least interest on your debt. It really is that simple.

If you're still working then you may be able to roll your debt over to another credit card as many providers give good rates on balance transfers in order to attract your business. This means you get a lower interest rate on your balance for at least one year and then you can a lower interest rate after this period too. Definitely take advantage of this if you can.

Maximize Your Income

This is the hardest part for many people. If you've lost your job then it's even harder. Try to work as much overtime as you can or even a second job.

Another alternative is to try and earn some money on the side. You can even do this over the internet. People have been doing this for around a decade so the practice is well-established. One way that you can do this is right here at InfoBarrel.


Whatever you decide to do, drastic action is necessary. This is because the monthly interest payments on a credit card can quickly grow and get out of control and you find yourself paying so much of your money each month direct to the credit card company! Whatever you do, take action quickly and do not defer any decision-making for a month or two. Act now to do something about it and you can definitely dig yourself out of this hole.