ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Steps on How to Become Financially Fit with Regards to Credit Card Payments

Updated on April 22, 2011

Steps on How to Become Financially Fit with Regards to Credit Card Payments

It is the beginning of the year and everybody is talking about being physically fit, but how about being “financially fit”. It is time to confront your credit card debt specially if they start to make you uncomfortable.Credit card payments eat up a lot of our monthly budget specially if we have been spending carelessly before. Unmindful use of credit cards can give you headache later on. Mind you, if you are starting to have troubles with your credit card payment it will snowball. Getting a grip of the problem and finding solutions for you to become financially fitter is good.

Credit cards are convenient to use if you use it wisely

Everybody like to use a credit card because it is much more convenient to use but make sure you monitor its use. Most people rely on it. And this is true ever since our economy became a "plastic economy".

There are different types of credit cards and choose one which is suited to your way of spending.

Credit cards interest rates are high

It is a given that credit cards interest rates are high. In the US, according to msn, the average American has a credit of almost 4,000 USD, and with the amount of interest rate which ranges from 8 to 16 percent, then it is imperative that we take the payment of our credit card seriously.

Steps on How to Become Financially Fit with Regards to Credit Card Payments

Accumulated credit card debts post a serious financial headache, that is why you need to read the following steps on how to become financially fit and get rid of your credit card debts.

  • Get a grip of your spending and start to live below your means so that you can pay more than the minimum amount required by the creditor.
  • Examine and study all your bills for the past months and all the expenses you incurred using the credit cards. After analyzing the patterns of payment and your spending, you can now have a good view of what’s eating your money. For other people, this is boring, it is understandable because they rather spend some money than have a headache studying their credit card debt and look at what is going on with their finances.
  • Put your credit card debt in one credit card - If you have more than two credit cards, you have the option to pay the credit card with the lowest amount of incurred debts while working on your way by paying more than the required minimum amount. You can also study the option of transferring the balance of your card with the highest interest rate to a credit card with the lowest interest rate. If you just want to consolidate all your credit cards debt so that you will have one credit card then study the options - making sure you note of the interest rate. Always choose the creditor with the lowest interest rate.
  • Talk to an agent of the creditor bank so that they can provide an option for you to make your credit card payment manageable. Ask if you can pay higher than the minimum amount required for you to pay.
  • If you want some help contact the CCCS which stands for "Consumer Credit Counseling Service". it is not profit organization which provides counseling pertaining to credit card. Inquire and ask if you are qualified for counseling. Look at the video above by Suze Orman, a financial adviser.


    0 of 8192 characters used
    Post Comment
    • AudreyHowitt profile image

      Audrey Howitt 

      3 years ago from California

      Credit card debt is the worst! Great advice on how to get it under control!


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, 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:

    Show Details
    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 or domains, for performance and efficiency reasons. (Privacy Policy)
    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)
    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.
    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)
    ClickscoThis is a data management platform studying reader behavior (Privacy Policy)