There are 3 very simple ways to elimate your credit card debt
1 - Stop using your credit cards
2 - Consolidate your credit card debt
3 - Make double payments
The first one sounds obvious but is one of the most effective - stop using your credit cards. The best way to get on top of your money is to only spend the cash you have - after you've paid your bills.
The second way will actually help you reduce the amount of interst you will pay on your credit card debt, try moving a balance from one card, to one with a lower interest rate or even taking out a secured loan or a bad credit remortgage which will help you consolidate your debt. Some people are constantly moving from one credit card to the next 0% interest rate card.
Third, start making double payments. If your minimum payment is only covers the interest on the account, then you need to make a double payment to pay off the actual debt. By doing this and discontinuing use of the card for purchases, that balance will soon reduce.
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“THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER LOANS SECURED ON IT.
For customers with credit problems the overall cost for comparison is 8.6% APR. The actual rate available will depend upon your circumstances. Please ask for a personalized illustration. Where consolidating other loans into one mortgage, this may increase the amount repaid overall and the term over which these loans are repaid.”