Alright, we are beginning to make some headway. We are becoming aware of our spending patterns and we are reducing (or eliminating) our use of credit cards. We are becoming proactive in our quest for debt freedom!
Now, it is time to "slay the dragon" (so to speak). Chances are, the interest rates on your credit cards are quite high. They don't have to be. It's time to call the credit card companies and negotiate a reduced rate on those cards. If you look at the back of your credit cards or on your statements, you will find a toll-free phone number. Call it and speak to the representative. Get your interest rates reduced!
This might take a little persistence on your part. That's not a problem since you are determined to get out of debt. If the first representative says he or she cannot help you, ask to speak to a supervisor or manager. Keep going up "the chain of command" until you are offered a satisfactory rate, one that is significantly lower than your current rate.
You need to do this for each of your cards. It might take some time, but it is worth the effort...and money that you will save!
Until next time........