Why Briter Days Debt Relief Is Changing Lives

By Author: D Domm
Total Articles: 3
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Briter Days Debt Relief has been helping many consumers as credit debt has greatly increased in the last decade or two. Defaults have increased leading to economic disaster to those involved. Before you start to increase your debt, stop adding to the credit card debt. I do not believe you should cut up your cards, at least not all of them. Sometimes they come in handy and are required like when renting a car. If you add to your debt for occasions such as these, pay it off immediately afterwards.

Credit cards come with varying interest rates, most of them unreasonably high. This might not matter if you pay off your totals monthly. Briter Days Debt Relief suggests that if you do not pay off totals promptly, each point higher in interest rate charges really add up. This is not to say the credit card companies want you to pay off the amount monthly, they don't. They will not make money this way. Too bad for them.

If you have for example five credit cards with various rates, there are two ways to handle this. If any of them have reasonable rates below 9% you can keep them and start paying down debt. No minimum payments. ...
... At least double the minimum if not more should be paid monthly. Keep in mind that the higher the interest rate on the card, that card should be paid first and you should make a larger payment.

If you find an offer on a low-rate interest credit card, even if it is a teaser rate, move all your credit balances on the higher rate cards to this card and pay it off as quickly as possible. It is called a balance transfer, Briter Days Debt Relief can assist with this, and there is usually a 3% fee for this. It could well be worth it. Do not get enticed with these offers of no interest payments due for six months on the new card. When they are due you will again be snowed under. The philosophy remains to pay off the cards as quickly as possible, even if it means a second job.

Remember, Briter Days Debt Relief suggests no frills or eating out and spending money on toys for you until the credit card debt is eliminated. After paying off the debt develop a life style with more items purchased with cash and less on credit and no spur of the moment purchases. Your mind will rest a lot easier following this philosophy.
changeyourdebt.com is a website for Briter Days Debt Relief.