The idea of paying off your credit card debt might seem like a monstrous undertaking.
But like all things financial, it helps to simplify the problem in order to come up with a solution.
If you can get through the following questions without feeling discouraged, then you might be ready to begin paying off your credit card debt. If you cannot get through the list without feeling confident, then bookmark this page, and revisit once you are ready to give it another shot.
- At present, does your credit card balance(s) increase each month? If so, can you stop this? If you cannot, stop here and revisit this question at a later time.
- If you’ve made it to this question, that means you are currently paying down your credit card debt! Congratulations! Now, it’s simply a question of what the best method is. You can choose from debt snowball or debt avalanche, or some hybrid of the two. I invite you to use our credit card calculator to find out which method works best for you.