6 Tips, To Help You Overcome, Credit Card Debt.<br />Settling credit card debt as quickly as possible <br />not only saves money on interest, but it can also <br />help you improve your credit score. .<br />Here are 6 tips from online self-improvement and life hacks magazine Dumb Little Man.<br />1. Take care of debt with <br />the highest interest rate first.<br />This lets you save money by quickly settling the card with the largest balance and the highest interest rate. .<br />2. Consolidate your debt. .<br />Combining all your credit card debt allows <br />you to consolidate higher-interest balances <br />into a single one with a lower rate.<br />The two best ways to accomplish <br />this are by balance transfer or through home equity credit.<br />3. Start small and let your momentum build. .<br />By paying off debts <br />in order from smallest <br />to largest, it's easy to <br />build momentum.<br />Each balance you settle <br />puts more money in your pocket to <br />put toward the next debt on your list.<br />4. Put Away Your Cards.<br />To avoid adding to your debt load, <br />store your cards in a safe place <br />until you’re free from debt.<br />5. Negotiate for lower rates. .<br />If you are struggling to settle your credit card debt, contact your lender and request a lower financing cost.<br />Banks will often agree if you just <br />ask for a lower interest rate.<br />6. Know when it's <br />time to ask for help. .<br />Bankruptcy and debt management plans from nonprofit credit agencies can offer relief if you feel trapped by debt
