Thursday, January 15, 2009

How to eliminate credit card debt in 5 easy steps

How to eliminate credit card debt?

Credit card and other personal debt is an unfortunate fact of American life. Our consumer society bombards us with buy-it-now messages through every conceivable advertising medium. Of those households that have credit cards, about 58 percent carry a balance, according to the Federal Reserve. This is an alarming statistic that should get everyone's attention.

The only wise course is to eliminate credit card debt -- and to begin now. According to financial experts, there are five steps to becoming debt free.