answersLogoWhite

0


Best Answer

To become credit card debt-free, one must pay off his/her credit cards completely. To become debt-free faster, making higher payments than simply the minimum to his/her credit card companies is beneficial.

User Avatar

Wiki User

āˆ™ 11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How can someone become credit card debt free?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is it possible to transfer credit card debt to another person?

No, it is not possible to transfer credit card debt to another person. Each individual is responsible for their own credit card debt and cannot transfer it to someone else.


How can someone pay off their credit card debt?

There are many companies in exsistence today that can help people with growing credit card debt, such as; Consumer Credit, Care One Credit, and a company called Credit Card Debt. One of these services will steer you in the right direction in lowering and eliminating your credit debt.


Is it possible for you to transfer credit card debt to another person?

No, it is generally not possible to transfer credit card debt to another person. Each individual is responsible for their own credit card debt and cannot transfer it to someone else.


Where could someone get help with credit card debt?

The best place to go for credit card debt would be a debt counselor. They offer great services to help you to get out of debt and save money for debt repayment.


Can you pay off someone else's credit card?

Yes, you can pay off someone else's credit card debt by making a payment directly to the credit card company on their behalf.


Can business credit card debt affect my personal credit card balance?

A business credit card debt can affect someone's personal credit card rating. A credit report for an individual is processed by activity of one's overall credit. This means that having debt for a business credit card can hurt a person's chances of receiving lower interest for a home finance loan.


What are some credit card debt facts?

According to the ABC News website, some credit card debt facts include people owning 7 credit cards (3 of which are bank issued and 4 from stores), the average debt for someone with a credit card is around $9300 for someone middle class, and $8650 for lower middle income. Customers pay an average of 16% per month in late fees. Credit card debt in the United States is $665 million. The best way to not have the debt is pay off on time, or just don't get a credit card at all.


What is the difference between a debt card and a credit card?

The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.


Where can I get advice on credit card debt solutions?

I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?


Could You Get Garnished For A 1900 Credit Card Debt?

There were no credit cards in 1900, hence no credit card debt.


When are you in credit card debt?

A person is in credit card debt when they have charges on their credit card and can not pay them. A person can make charges on a credit card and make payments at a later date. When a person charges on their credit card, the charge is now a debt that must be paid.


When someone goes to prison what happens to his credit card debt?

The individual would still be responsible for their credit card debt, but their ability to make payments may be impacted while in prison. The debt will not disappear, and the credit card company may pursue collection efforts or legal action to recover the debt.