ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Reduce Credit Card Debt Tips That Can Help Reduce Credit Card Debt

Updated on August 11, 2009

Reduce credit card debt is a goal of almost any consumer that has credit card debt. I like most of us have a high balance of my credit cards and am constantly looking for ways to reduce my credit card debt. I know that like most of us I would only use my credit cards when it was absolutely necessary, but in that time frame I some how ended up owing a ton of money on them and now am scraping to reduce my own credit card debt. However, in my journey to reduce my credit card debt I found that the banks are normally willing to work with you to keep the debt out of collections or even worse yet force you into bankruptcy which almost no one wants to file for these days. Here are the best tips that I have found that helped me in reducing my credit card debt.

The best way to reduce credit card debt it to pick up the phone. You might be thinking how can picking up the phone help to reduce my credit card debt? Well that is simple you just talk to the person on the other end and ask for a reduction in your interest rate or if you are in a hardship type of situation you will ask them what they can do to help you out of your problem. Now in some cases this can involve closing out the credit card account and setting up a set monthly payment. In my case when I worked on reducing my credit card debt the plan that my bank offered me was a reduction in my interest rate to 8% with a payoff within a five year time period.

Now you might think that this would be a great payoff time period and such, but if you are trying to reduce your credit card debt even further to the point that you are not going to be in a hardship for a long period of time then you will want to ask to speak with a manager. Now you might not even consider doing this and go with the first plan that the bank offers you to reduce your credit card debt, but remeber to ask to speak with a second person as well. You never know in some cases you will be able to get a debt reduction where the bank will look at your history and reduce the amount that you owe to a more managable amount. If they are not able to do this the manager might even be able to offer you a better plan to reduce your credit card debt with a lower interest rate or even a longer pay off period. Which can be very helpful to many people with the current economic climate.

While you might not think that it is possible to reduce credit card debt you will want to make sure that you pick up the phone and call people. Remember that it never hurts to make a simple phone call when you are trying to reduce credit card debt. You could be shocked at how much you can actually either reduce your credit card debt or how much you will be able to save in interest payments with just a simple phone call.

Share Your Credit Card Reduction Experiences

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)