While a credit card can be a great tool in a case of an emergency, convenience or can be used constructively, it can also be a very detrimental tool if not use correctly. Credit card debt is not difficult to build up, the challenge is in dealing with it if you have over-extended yourself. It does not help that credit card companies often increase the interest charged to you if they see you struggling to make your regular payments. Minimum payments will cost you more. The calculation used to generate your monthly minimum payment is no secret. Neither is how long it will take to pay off your bill. Zerodebts education and training educates our customers on self-manageable techniques and access to our affiliated coaches to guide you.
Choosing the best debt management option for you requires time and a good understanding of how each option affects your credit. The steps will include getting a sense of your finances, going through them with a fine-toothed comb for any errors and pinpointing problem areas that you need to address. The good news is that there are ways to fix it and just know that building good credit won't happen overnight; a solid credit history takes time, after all, you’ll also need to accept the fact that it's going to take work.
1. You can do the work yourself.
2. You can use a service professional to do the work for you.
No matter which option you take, the actual steps in the process are almost the same – it is just a matter of who does the work. Even if you choose to use a service, knowing what’s happening throughout the credit repair process helps you understand the work that needs to be done and have peace of mind that everything is going smoothly.