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How To Erase Credit Card Debts

Updated on July 11, 2011

Steps To Erase Credit Card Debts

You can erase credit card debt in very little time if you follow these 5 steps. I personally have eliminated all of my credit card debt and no longer own any credit accounts. It's a personal choice I made to assure that I never become dragged down my creditors again.

When I first got married I had no idea how difficult it could be to combine two incomes and 2 sets of debt. It was difficult because at the time it seem so overwhelming. Once things settle down, I was able to come up with a simple solution to pay off my credit card debts in just a few months.

Below are five simple and easy steps that you can use to pay off your debt without picking up extra hours at work or getting a second job.

1. Pull Your Credit Report

People always find descripencies on their credit reports. And if you're one of the lucky ones.... don't hold your breath because an error such as a late payment can lower your credit score. Erasing your credit card debt and clearing your credit report of errors should go hand and hand. In some cases it may take good credit to get out of credit card debt. With good credit you can do the following.

  • Apply for a loan to pay off several cards at one time with one low rate.
  • Consolidate credit cards by transferring the balanced over to one card. This can be negotiated with the credit card company.

Those two steps can help you get rid of debt by reducing the percentage rates and paying the debt back sooner the originally calculated . The monthly payment may be lower too!

2. Organize Your Credit Card Debt

You don't need special computer programs, a financial advisor, or any of the bells and whistles to do this. I used a calendar when I fist started. Coordinate your payments with your pay periods. If they don't match up, call the credit card company and request a a change in due date.

Hold yourself accountable by getting organized and being responsible for payments so that they will be made in a timely manner.

3. Pay Yourself First

I know this sounds crazy but you really need to budget your personal allowance in order to stay on track. You work hard and sometimes you want to play hard too.

You may not be able to play as hard as you once did but, scheduling in a monthly activity like bowling, or the movies may help elevate the temptation to overspend.

4. Arrange For Automatic Withdrawals

There are a lot of people that frown upon this but I truly believe that this is a great way to establish good credit. If you've consolidated your debts through a loan, having the payments taken out one time each month will increase your credit score.

5. Stay Out Of Credit Card Debt

Earlier I mentioned that I no longer own credit cards. This is a personal choice and I've done fine without them for the past 12 years! With credit/debit bank cards, I have control over my debt. My husband has a corporate card which has to be paid in full each month. Other then that, we use our savings, and extra income to pay for emergencies.

When you erase your credit card debt, you can easily fall right back into it if you aren't careful. If you decide to have credit cards.... just have one. Is there really a need to have 3 or 4? 

Credit Card Help

Eliminate Credit Card Debt

Erase Credit Card Debt by taking control of your finances. Track your spending habits and pay down your debts.
Erase Credit Card Debt by taking control of your finances. Track your spending habits and pay down your debts.


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    • profile image

      Mark Hampton 5 years ago

      Another thing I have really noticed is the fact for many people, less-than-perfect credit is the reaction of circumstances beyond their control. For instance they may be actually saddled with illness so they really have large bills going to collections. It could be due to a work loss or inability to work. Sometimes divorce can truly send the money in a downward direction. Many thanks sharing your opinions on this site.

    • LSKing profile image

      LSKing 7 years ago from East Coast United States

      @onlinecashdigest yes... and thanks for the link!

    • onlinecashdigest profile image

      onlinecashdigest 7 years ago from Manila, Philippines

      YOu are right it is easy to fall again into credit card debt if someone is not careful.

      I have a hub too about how paying only the minimum amount due can cause credit card problems at

    • Aris Budianto profile image

      Aris Budianto 7 years ago from Lying along the equator Country

      Good suggestions LS and great solution, thanks.

    • LSKing profile image

      LSKing 7 years ago from East Coast United States

      Yes.... with all of the fees, it would just be added debt. Many of these services have been exposed as fraudulent because they have not done what they initially promised. Ameridebt was one of those companies and subsequently owed money to it's consumers after settling a lawsuit.

      You are right! this would make a great follow up hub. Thank you for bringing this to my attention and stretching my ideas a little further.

    • jrsearam profile image

      jrsearam 7 years ago from San Juan, PR

      So you're saying that the sum total of the settled amount, lawyers fees and taxes would equal the original balance owed? I really am asking out of ignorance since I've never looked into what it is that debt relief services do. Maybe you can write something about that if you haven't already; title it something like, "No Such Thing as Erasable Debt". I do find your writing style extremely easy to read and even with the driest of subjects, sufficiently entertaining that I want to read more. Thank you for all your effort LS and I look forward to all your hubs. Blessings, JR

    • LSKing profile image

      LSKing 7 years ago from East Coast United States

      Isn't paying debt off, and erasing debt the same thing? How else are you suppose to eliminate debt LEGALLY? If someone tells you that you can erase debt without paying it off..... there's a catch! Even when making deals with credit card companies for a percentage off the balance due, you'll still owe taxes because it must be reported as a gain. Laywers will negotiate these terms for you if you PAY them and that's not erasing debt either. If you find a way to erase debt without paying it off, please update us with the proper information so it can be added to this article! Blessing to you as well :) LSKing

    • jrsearam profile image

      jrsearam 7 years ago from San Juan, PR

      If only it were so easy. Maybe you should have called the hub,"Paying Off Credit Card Debt." Don't get me wrong, I appreciate the info but there's nothing in here about "erasing". Blessings, JR