If you've ever been behind one month on your credit card payments, you've realized how hard it is to catch up. Because fees are added on top of each other, each month you are behind makes it harder and harder to ever catch up. If this has happened to you, your monthly payment has probably skyrocketed.
In order to get a , you need to find a way to catch up on your credit card bills. This could be almost impossible unless you have an instant additional source of income. If this is not the case for you, you will have to find another way.
It's quite possible that you could catch up on your bills if you simply had a . One possible way of getting this is to sign up for a debt management plan through credit counseling. While this type of plan isn't for everyone, a credit counselor can provide you the information you need in order to make an informed decision on the matter.
Another benefit that you may receive through a debt management plan is having your credit card accounts set as current. By having the fees waived and the account reset, you will be able to immediately start paying the monthly payments at their new level. Paying the new low monthly payment on credit card debt can help you to start to accrue positive credit.
Whatever the solution to your bad credit card debt, know that it has to be one that will work for you in the long haul. Find a plan or strategy that will not only get you a , but see your debts paid off. Once you have no more credit card debt, you will be free to spend your income as you choose.
