When you are in over your head with credit card debt, relief can seem unreachable. It can feel as though you are working as hard as you can just to make the minimum repayments. If you are serious about getting out of credit card debt, then follow these steps to be on your way to financial freedom.

Step 1 – Switch to a lower rate card
If you can switch your balance from a higher rate card to a lower rate card, you can save quite a bit of money. Even a card with a 5% lower interest rate will make a difference on the amount you owe on your monthly credit card statement. The money that you have then saved can be applied to reduce your debt even faster.

Step 2 – Make lifestyle adjustments
Many people find themselves falling into the trap of only paying the minimum credit card payment each month, but if you make a habit of this you will never get out of debt. Figure out ways that you can cut out weekly spending, such as eating from home or preventing yourself from making that impulse purchase that you know is not a necessity. Once you can eliminate your unnecessary spending habits, you can use the money you save to make larger repayments on your credit cards, and see your way to becoming debt free faster.

Step 3 – Don’t add to your debt
Make yourself a rule that you can only use your credit card for emergency payments or special purchases. Don’t use your credit card to purchase needless items. You may think it is convenient to make impulse buys on your credit card, but realistically they add up and you can end up paying more for them in the long term.

Step 4 – Call Australian Lending Centre
If you have been unsuccessful with the above steps as so many people are, call Australian Lending Centre today on 1300 138 188 to speak with a debt consultant today. We specialise indebt solutions such as debt consolidation, debt agreements, debt consolidation loans, refinancing, mortgages and bad credit loans.

We may be able to help you consolidate your debts such as credit cards and personal loans into one, so that you will only need to make one regular repayment as apposed to multiple. We also have a solution available that can freeze your current interest and prevent any further interest and charges. To find out more, call 1300 138 188 today.