credits&creditors

Credit Cards:
Use credit cards only for emergency.
Although convenient, credit cards are dangerous and damaging.
In addition, if you have a credit card that has a $1,000 balance
and you pay only the minimum payment each month, it will take
you between 20 and 30 years to pay off that $1,000 balance since
the majority of money is going strictly toward the interest and not
the principal amount.
Sadly the incorrect use of credit cards is the major cause of
bankruptcy.
Credit Card Interest:
If you have credit cards and your credit is in good standing, call
your credit card company, and ask for your interest rate to be
lowered. It is truly that simple. Unfortunately, most people do
not even realize this is an option so they never make the call.
Just tell the representative that you want a better rate on your
credit card and they will take care of your request.

Unsecured Creditors:
Make a list of all your unsecured debts along with creditor contact
information and payoff amount so you can have an accurate
record of how much you owe. Choose one creditor, possibly a
credit card, and focus on paying off that bill. Once you have
achieved that goal, choose another. Start with the debt that has
the highest interest rate since it is the one costing you the most
money.