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How do I pay off credit card bills?

When your credit card balances are rising and you can't seem to get control of your finances, it's likely that the burning question on your mind is "How do I pay off credit card bills?"

There are many approaches to paying credit card debt. With debt consolidation plans, the strategy is to pay off credit card debt with a loan, ideally at a lower interest rate than your existing credit card accounts. You may also consider a credit card settlement process where you ask your credit card companies to forgive a portion of you owe in exchange for bringing your account to zero with a lump sum payment. For many consumers, a debt management plan is the answer to "How do I pay off credit card bills without damaging my credit rating?"

How do I pay off credit card bills?

  • Compile a list of debts, like credit card debt, from largest to smallest in terms of each's interest rate.
  • Count up your average monthly income from all sources.
  • Assign money from the average income you calculated in order to reach each's minimum monthly payment.
  • Put any funds left over that aren't marked for savings toward the account with the highest interest rate.

How do I pay off credit card bills – permanently?

But the real question you should be asking is not "How do I pay off credit card bills?", but rather "How do I pay off credit card bills most effectively and learn to avoid debt in the future?" Many consumers who choose debt consolidation and debt settlement find themselves just as deeply in debt after a year or two. In most cases, this is because their financial troubles prevented them from qualifying for low interest rates on new loans, or because they didn't enter these debt reduction strategies with enough knowledge about how to make them work.

How do I pay off credit card bills with help from ACCC?

When you want solid, objective answers to the question "How do I pay off credit card bills?", the professional credit counselors at American Consumer Credit Counseling (ACCC) can help. As a nonprofit organization, we provide free credit counseling to individuals and families struggling to find their way out of debt. When you contact us via phone or in-person, our certified counselors will share with you strategies for paying off debt and help you determine which approach will be most effective for you. In addition to answering questions like "What are my credit card debt options?" and "How do I pay off credit card bills without falling back into debt?", we'll direct you to a variety of free educational resources that can help you manage your money more effectively and help you reach your financial goals.

Contact ACCC's certified credit counselors to get answers to questions like "How do I pay off credit card bills?", "What is my debt to income ratio?" and "Where can I get a debt consolidation loan?"

 American Consumer Credit Counseling (ACCC) provides non-profit credit counseling, financial education, debt relief consolidation and debt reduction services for consumers nationwide. We offer free credit counseling to help individuals and families learn how to pay down credit card debt and how to eliminate debt altogether. As an alternative to expensive unsecured debt consolidation programs for settling credit card debt, our debt management programs help consumers pay off debts and manage credit card debt more quickly by consolidating payments. We also offer debt negotiation services to help reduce finance charges and interest rates. And our financial education services show consumer how to manage money more effectively and how to get rid of credit card debt more quickly – usually in five years or less.

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