Tip Tuesdays: A Method For Repaying Your Credit Card Debt

by Vinaya HS on August 3, 2010

in Finance

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If you find yourself drowning in credit card debt and have no idea on how you’re ever going to repay all that debt, you can try the Dead on Last Payment technique. The method focuses on quick psychological wins — definitely what you need when you’re swamped with credit card debt.

Let me know if this method worked for you.

Tip Tuesdays is my initiative to share practical personal finance tips — every Tuesday. I’d be delighted if you could share a tip or two from your own experiences. Drop a comment to submit your tip. And, as always, do spread the word if you find this useful.




Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.

{ 1 comment… read it below or add one }

Saddat August 3, 2010 at 10:20 AM

Thanks for tip as there are numerous method to payoff you credit card debt and i think most of them can work if you can control i.e. behave yourself properly . While repaying credit card debt don’t use your credit card ( lock them ) and be determined to your aim you will simply get rid of credit debt.

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