(for Riverside/San Bernardino Counties)

Ways-to-Pay-Off-Your-Credit-Cards-Faster.Credit cards can be difficult to handle sometimes. Before you know it, the times come when you begin to find it hard to pay off the balances owed. As a result, you start to struggle as more and more money is being added to the card and less and less is being paid off. This article lists different ways that can help you get your credit card balance back under control.

Following are 4 ways to pay off your credit card faster:

1. Always Pay Your Minimum Repayment by the Due Date
If you are falling behind on your payments, it will soon cost you large sums of money and then you will think that it would have been better if you paid down your debt in time. If you don’t make your minimum monthly repayment in time, then your credit card provider will charge you a late payment fee. So, it is recommended that you set up a task in your calendar a day or so before the due date. In this way, you won’t miss your repayment due date and will be reminded to make the payment.

2. Try to Pay More Than Your Minimum Monthly Repayment
If you only carry debt forward from one month to another by paying your minimum monthly repayment, you will find that your debt is barely being paid off and you are getting charged a lot of interest every month. On the other hand, if you make a bigger repayment, it will all gradually add up and your debt will be reduced in the long run. It will also help save you some interest. Try to cut back on some of your spending if you want to get some extra money for repayment.

3. Pay into Your Credit Card on Regular Basis
You can pay money into your credit card at any time. You don’t have to wait until the due date of your repayment in order to pay money into it. You can do this via phone banking, cash over the bank counter, internet banking, etc. It is recommended that you set up a system to challenge yourself to pay some extra amount of money into your credit card every week by cutting back your spending. You will be surprised how much that amount will add up at the end of the month. It will definitely help you pay off your debt quicker.

4. Watch What You Spend on Your Credit Card
If you are spending more on your credit card than you are paying off the card every month, then there is no point in living under the impression that you are paying off your debt. This happens quite often and most individuals just don’t seem to realize that their debt is going up rather than going down when they do this. It is recommended that you take the time to review your credit card statements and notice how your debt is increasing.

The Travis Law Firm provides professional legal representation for Chapter 7 & Chapter 13 bankruptcy services for residents of all cities in Riverside and San Bernardino Counties. We have offices in Riverside, San Bernardino, Victorville, Temecula, Cathedral City and Ontario for the convenience of our Inland Empire, High Desert, and Coachella Valley clients. For more information about our bankruptcy law services and other legal representation, call us today at 1-800-BANKRUPT or (951) 274-9501.