How to Eliminate Credit Card Debt IMMEDIATELY!

In this video, I share my personal experiences and strategies on how I successfully got out of credit card debt multiple times. It's time to take control of your finances and break free from the burden of debt.

Credit Card I used to build my credit to 796 “Capital One”: https://i.capitalone.com/JuQnhGzMX

My Chase checking account: https://accounts.chase.com/raf/share/1606337529

📊 Key Steps to Financial Freedom:

BONUS TIPS Create a Budget: Gain a clear understanding of your finances.
Identify and eliminate unnecessary expenses.

FREE Budget Template: https://docs.google.com/spreadsheets/d/1JEdausS5M8oiZfY-2UlirKdA-x1Ol3K-WSEjLOhAMwU/edit?usp=sharing
1. Understand Your Debt:
List out your credit card balances and note the current APR and the monthly Payment
Explore Your Options:

2. Consider Balance Transfers as a long-term solution.
Be cautious with zero % balance transfers; ensure you can pay them off within the specified time.
Consolidation Loans:
Free up cash flow and refinance for a longer term and lower monthly payments and redirect extra cash flow towards high-interest cards.

3. Strategic Payment Approach:
Put all extra income towards paying off one card at a time.
Choose between the Snowball Effect (a little extra towards CC debt) or the Avalanche (a LOT extra towards CC debt).

4. Refinance or Renegotiate Existing Relationships:
For vehicles, consider refinancing car loans.
Explore new insurance carriers or renegotiate current coverage.
Evaluate and potentially change cell phone plans or carriers.

5.Dealing with Service Providers:
Indicate that you're leaving a service due to high costs.

Companies, including credit card companies, often have retention departments that may offer temporary financial discounts to incentivize you to stay.

By implementing these practical steps, you can regain control of your financial situation and pave the way to a debt-free future. Don't let credit card debt hold you back—start your journey to financial freedom today! 💸🚀

PrePaid Cell Phone Carriers with the links below. Disclaimer: Some links are affiliate links and I may earn a small commission

Mint Mobile (Uses T-Mobile's 5G Network): https://mint-mobile.58dp.net/6vjQVEvertonsway

Visible by Verizon(Unlimited for real): https://visible.pxf.io/e4aQr6

US Mobile (better analytics and user interface on App/Website): https://www.tkqlhce.com/click-
100815724-15145842

Cricket Wireless (Uses AT&T and has stores): www.cricketwireless.com

Get Cashback on Groceries, Gas and Restaurants: https://upside.app.link/QNK87

By implementing these practical steps, you can regain control of your financial situation and pave the way to a debt-free future. Don't let credit card debt hold you back—start your journey to financial freedom today! 💸🚀

#FinancialFreedom #DebtFree #CreditCardDebt #BudgetingTips #PersonalFinancenl

Видео How to Eliminate Credit Card Debt IMMEDIATELY! канала Everton's Way