Paying off the debt

You should pay off as much as you can afford on your credit card every month because the bigger your credit card balance, the greater amount of interest will be added. Try to keep your balance to a minimum.

On every credit card bill your card provider will state a minimum amount you have to pay. However, you should aim to pay more because just paying off the minimum will not reduce your balance once interest has been added.

Also bear in mind that if you miss payments, you will have penalty fees added to your debt as well.

Credit card debt problems

If you are struggling with your credit card debt and having difficulty paying it off, you should stop using your card immediately. Let your credit card provider know you are having problems. They might be able to suggest a payment plan that could help your situation.

Credit card debt help

Most importantly, seek professional credit card debt counselling. We can give you debt help and advice free of charge. Our online debt counselling service, CCCS Debt Remedy, can assess your financial situation and recommend the most suitable debt solution available to you.