Step 4. Another thing to do to eliminate credit card debt is to get a better rate on your existing credit card. If you have thousands in personal debt it can really help the monthly cash flow if you are able to transfer those balances onto a low interest or 0 percent APR credit card. Your credit rating will generally determine whether you can be eligible for the lowest rate offers but it could definitely be worth the effort. The low introductory "teaser" rate will last for only six to 12 months, but a smart consumer will use that time to aggressively paying down the debt, not running up more debt. (You didn't already forget Step 1, did you?)
