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How to Get Out of Credit Card Debt

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Part of the video series: Credit Card Debt

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Summary: In order to get out of credit card debt, the first step is to make arrangements to put all of the credit card debts together and to negotiate a lower interest rate. Start a subjective plan through the assistance of a debt consolidator with help from an experienced businessman in this free video on credit card debt.

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By John Niemira
eHow Presenter

John Niemira is a professor of business at Stevens-Henager College in Salt Lake City, Utah.read more

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"Hi! My name is John Niemira. I want to talk to you today very briefly about how to get yourself out of credit card debt. You got yourself in there now, what are you going to do? Pay your bills. Couple different ways how you going to get them paid off, you can either call the credit card company yourself and make arrangements, or maybe call a debt consolidator, somebody that puts all your credit card debts altogether. They contact these companies for you, all your debt is for you, they talk and negotiate the deal, but what they're going to do is let you know that you have good intent to pay. Let them also try to reduce your interest rates, or eliminate your interest rates. Yes, you will no longer have these credit cards to use but what they'll do is start a plan, a very subjective plan that gives a certain amount of time, and a certain amount of money towards the debt. It'll help you personally without the phone calls and all the other things that go along with that, but it'll also help you to get the bills paid off. Start to reestablish your credit, and start to get rid of this debt that you have. That is probably one of your best options right now, there are some loans out there, and some, you can get some money on your house, some of the equity you have in your house. Make a phone call, talk to one of the service representatives, see if they can explain the program to you, and see if it's a program that's going to work for you. If you need any more information on this subject or any other subject in the business field, my email address is jniemira@gmail.com."

eHow Article: How to Get Out of Credit Card Debt