http://www.aboutprepaidcards.com/credit-card/eliminate-credit-card-debts.html Need to eliminate credit card debts? Maybe we can help. We can explain several approaches that are sure to help you eliminate credit card debts. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Knee deep in it? How did you allow things to get this out of control? We know. We've heard it all before. Was it the interest rates? Maybe you simply don't know how to shop. Maybe you don't know when to throw in the towel and enroll in professional help to eliminate credit card debts. Whatever the case may be, we can help. Uninterested rates Did you know that a $10,000 debt at 18.5% interest typically takes 32 years and $24,500 to pay off if you don't pay more than the required monthly minimum? But when you enroll in a credit card consolidation plan, you lower your interest rate dramatically, allowing more money to go towards the principle. The same amount of debt could be paid off in about five years with help from a debt consolidation plan. On the other hand, you could try debt stacking and enrolling in counseling to learn the fundamentals. What, are you insulted about having to learn the fundamentals? Had you learned the first time, perhaps some of this mess could have been avoided. Didn't mean to scold you, but that's a fact. Debt stacking is the act of paying off the credit card debt with the highest interest rate first. You see, a lot of people owe lots of money on several cards. When you have several credit card debts, it can be difficult to manage and make dents when interest rates are working against you. The bottom line here is that in order to eliminate credit card debt, you have to look at all your options and actually do something. The debt will not disappear on its own. It's time to take a stand and make a change. Sat, 26 Jul 2008 15:00:00 EDT