How would you like to pay off your credit card debt in 3 years or less? While others have spend 6 years or more to do so.
Are you looking for solution to reduce your credit card interest?

Or … you are comparing balance transfer packages that offer by a few banks? My friend Steven Wong just wrote a guide for our fellow Malaysians about credit card issue. Have you heard about his Get Out of Credit Card Debt - Guide for Malaysian yet?

A lot of people have been complaint to me about their never-ending efforts to settle the credit card outstanding. I came across Steven Wong latest ebook Get Out of Credit Card Debt and I told them about this.

After they read the ebook guide on how to Get Out of Credit Card Debt, right now they are more relief and believe they are on their way to financial debt free.

They are many questions been asked, and here I would like to let you know some of the FAQ, continue reading below:

Q1: How do I reduce / refinance my credit card debt?
First, you must consolidate your debts into a lower interest rate plan, work out an affordable repayment amount, and be discipline in paying off the loan amount monthly. Plus, you
must learn how to manage your spending by adopting a habit to clear off your credit card outstanding at the end of every month and don’t let it accumulate again.

Q2: I would always like to maintain more than 2 credit cards with the objective of keeping them for emergency purposes only, but it turn out that I use them even during normal shopping just to enjoy the incentives and points accumulation. This habit is making me worried as I could not clear off my debt as I targeted before. Please advise.

Yes, there is nothing wrong to keep credit cards for emergency use. Why don’t you consider saving some cash for the same purpose while still having your credit cards?

Don’t you think cash in your hand is better than your credit cards? Cash is present money, credit card is future money, and using future money is much more risky than using present money.

I agree with you, it is tough to clear any accumulated debt but still you have to do it. You can stop using the credit cards for any shopping just because you want to accumulate the points. Change your habit of spending, pay by cash instead of credit card unless you have no choice i.e. emergency. Always make it a point to clear your card outstanding at the end of every month.

Q3: I’ve been told that one of the ways to settle my debts is to transfer my balance to another credit card, which offers me a certain interest free period.

Does it really help me to save money or it is just another ploy for the banks to get us to switch? Will this work? Most people are mislead by the concept of balance transfer. By
transferring the balance from one card to another one, it does not reduce the debt. It only postpones the repayment period.

The incentive of interest free period usually works for a short term period (i.e. 1-3 months only) and help you to reduce little interest only. Most of the time, the credit card holders will feel relief after they have completed the balance transfer and happy to pay the minimum amount.

However, once the interest free period is over, you will be charged the normal interest rates again. Bear in mind that you will still need to settle the outstanding amount. Unless you can pay back more during the interest free period, otherwise you are just merely slow down the repayment period and later work like mad to pay off your debts. Majority of the people who fail to see this, and they ended up paying more in future.

You should consider method like EPP, It will not only help you to save on the interest rates, it can help you to change your mindset into putting more effort to repay your outstanding amount, instead of paying only the interests. Eventually you will be able to get out of debt.

Get Out of Credit Card Debt is the most complete Credit Card Debt Consolidation guide you can found in the market. You will be able to know the damn easy way to save thousand dollar of interest and payoff your credit card debt in 3 years or less.

There are total of 20 FAQ you can find out from this ebook on how to pay of your credit card fast.

I hope you will be like many of my friend get out of credit card debt soon. See you!

P.S. Steven Wong discovered a idoit proof way to payoff his 6 years debt early this year. You can be debt free like him without be a financial consultant. check it out:
http://www.gchsolutions.net/Get-out-of-credit-card-debts.htm

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