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How to Pay off Your Credit card Debt

1) Work out how much you owe

Make a list of the credit accounts and store cards you have. Include any outstanding utility bills or car related bills, pull everything together and get a clear understanding of everything you owe.

2) Work out how much you have.

Make a list of all the household income, include savings or credit notes of any sort.

3) Work out what you need to spend every month.

Again create a list, for example food, rent or mortgage, council tax, life insurance, car payments and any other transport costs. Don’t forget to include all utility costs and broadband, mobile phone or TV services. Include everything you spend money on in a typical month.

4) You may also have annual costs such as car tax and insurance, holiday costs

Ok so now you at least know where you stand, now what do you do about it?