Conquering Your Credit Card Debt

by Gary Foreman, Editor of The Dollar

Credit card debt can be crippling. So getting to a zero balance is important. We're going to help you do that. So let's get started!

There are two potential paths to reducing credit card balances. One is appropriate for people with good or excellent credit. The other is better suited for people with fair, poor or bad credit. What score qualifies as good?

  • Excellent Credit: 750+
  • Good Credit: 700-749
  • Fair Credit: 650-699
  • Poor Credit: 600-649
  • Bad Credit: below 600

Don't know your credit score? Check with your credit card issuers. Many offer free credit scores to cardholders. Or you can get your score from one of these trusted Dollar Stretcher partners.

If your credit score is over 700 you'll want to follow these steps to being debt-free.

If your credit score is under 700 you'll have two options.

Apply for credit counseling. If your credit card balance is $10,000 or more you may want to consider credit counseling. They'll attempt to get your credit card companies to stop charging late fees and reduce your rate. Use these guidelines to find out of you are a good candidate for credit counseling. Or you can see the agencies we trust and recommend.

Get professional advice. Sometimes a problem is too complicated to just google an answer. If your debt is serious enough that your credit score is being affected you're in one of those times. We advise readers to use the services of We've worked with the people responsible for it since 1998. You can learn more about them here. Or simply use the form below.

If you're really not sure where to start, send us an email describing your situation. Tell us the important elements and we'll try to point you in the right direction.

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If you have other types of debt in addition to credit card debt, you likely need a debt payoff plan that addresses all of your debt. It can often save you more money than addressing debts individually. The TDS ebook How to Conquer Debt No Matter How Much You Have can help you.

We will walk you through the creation of your own personalized debt payoff plan tailored to your debt burden, budget and lifestyle. You can read more about it here.

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