There are several ways that you can control your credit debt. Having a huge debt hanging over your head is never a good thing. Debt creates stress and anxiety for everyone. The ultimate goal should be to get rid of the debt so you can move forward with your life.

Given below are the 10 best tips for controlling credit debt:

1. Create a budget - If you are going to continue using your credit cards, then it is best to minimize spending, or at least stop purchasing things you do not need altogether. Forget about the fancy clothes and other big purchases.

2. Start Paying Off Existing Debts - Come up with a doable payment plan, but be realistic. If you are $10,000 in debt, expect it to take you a couple of years to get out of debt.

3. Use Only One Credit Card - If you are the type who just has to use a credit card, get rid of all of them except for one. That way, you are still allowing yourself the luxury of spending, just not as much.

4. Seek Debt Counseling - Because it can be so difficult to pay off debts, many people find it necessary to seek debt counseling. They usually charge a small fee, but help you to get out of debt rather quickly.

5. Get a Debt Consolidation Loan - Again, this is another option that may or may not be a good idea, but if you are in a substantial amount of debt, it will definitely help out. You can usually pay off your credit debt and save 40-60% on your overall expenses.

6. Find a Way to Make Some Extra Money - The more money you have, the more you can spend, so you may not have to alter your current lifestyle as much as you think. Getting a part-time or weekend job to devote solely to paying off your debt is a great way to get everything back under control.

7. Stop Putting It Off - Everyone has the tendency to want to "wait till next month" to start paying off their debts. Even if you don't make a lot of money, you can still start by paying as little as $5.00 at a time! Every little bit counts, so get started now.

8. Stop Living So Frivolously - Other than cutting back on what you do not need, you should also cut back on the things you do need. Instead of going out to eat twice a week, go once every two weeks. Keep the lights turned off when you are not using them and don't travel as much. Over time, you will have a lot more money in your pocket to put toward getting rid of your debt.

9. Believe That You Can - No matter your financial situation or how horribly you are currently in debt, there is a way out. Sometimes getting out of debt is as easy as maintaining a positive attitude. Once you believe there is a way, just like magic, there really is!

10. Imagine Being Free From Debt - This will help you to become motivated to actually put your money toward your credit card bills. Think about what it would be like to not be in debt at all. It can happen, but you have to want it badly enough. The key is to stay focused and not get off track. If you fall off, pick yourself back up and continue.

This is a guest post from Mirsad of Think Credit Cards.  Be sure to drop by Think Credit Cards and say hi. 


  1. Credit Card Chaser // November 4, 2009 at 2:16 AM  

    Sometimes just actually writing down a plan will do wonders.

  2. Tim Moon // November 5, 2009 at 8:20 PM  

    Making a budget is essential. Knowing what you bring in and where it goes is an eye opening experience for most people.

  3. Tamara Holmes // November 9, 2009 at 7:03 AM  

    If you want to get rid of your credit card debt and employ a debt settlement company for this task then I have a pertinent suggestion. Do not go immediately to just one debt settlement company but instead use a debt relief network that is associated with multiple reputable debt settlement companies. To qualify for inclusion in the debt relief network, the debt settlement company must prove a history of effectively reducing debt.