Having a credit card is both a curse and a blessing. Most credit card holders have a love-hate relationship with their cards. It seems that the fast changing lifestyle is the reason why being in debt is a major social problem in the world. A recent survey revealed that consumer debt in personal loans alone is over the billion dollar mark. Are you seriously in debt? Are there ways to eliminate credit card debt?

Most consumers are multiple credit card holders because they are swayed by a multitude of offers by the Credit Card Companies, no annual fee, low interest credit cards, low interest on transfers and many others. The truth of the matter is managing a multitude of Credit Cards can be quite difficult and in most cases quite dangerous to the overall health of your financial circumstances.

Help yourself eliminate credit card debt. Make a list of all your credit cards' outstanding balances, monthly interest rates and minimum payment due. Arrange your list so that the credit card with the top monthly interest is prioritized. Carefully study each billing statement and note down the minimum monthly payment for each credit card. Total the minimum payment due for each card and come up with the absolute minimum monthly payment for all of your credit cards this will allow you to budget this figure into your monthly expenses.

How much extra cash can you afford to pay above the minimum payment of credit card number 1? The idea is to pay off your debts quickly and a way of doing that is by paying more than the minimum amount due each month. Every extra payment will help.

When due dates come pay the minimum on all your other credit card. Then if your finances allow it pay extra on the credit card with the highest interest rate. Keep on doing this until you pay off the first Credit Card. Pay the minimum on your other credit cards but add the amount you were paying on your first card to the second credit card on your list.

Continue the process until you have paid off all your Credit Card debt. Note that you have to stop using the credit cards to stop further accumulation of money owed.

Hope this will help with your planning.

To find out more go to:
[http://www.creditcardbuster.com.au]

Who are these guys anyway!!!

Well here at the credit card buster site we do one thing well..... we bust credit card companies in order to find you our reader the best absolute deal available from any Credit Card provider around Australia.

Finance companies, Banks and other institutions are continuously fighting for a slice of the Credit Card market and in doing so they offer deal after deal and in realising that not everyone is interested in the same offer they have a myriad of cards in order to attract different customers and consumers.

We believe that this is a blessing for the consumer find out more here:
[http://www.creditcardbuster.com.au]

They have the reward points, low interest rate, zero balance transfer, no annual fee, the free interest period card and every other combination possibly known to man you name it they have it, so how do we find the best cards for you.

Well here a group of Credit Card Busters are continuously analysing the marketplace and working out what are the best possible cards available based on sound financial principles and not just emotions what I mean is having a credit card simply because you get reward points that you can swap for movie tickets doesn't really work for everyone or make financial sense if you are paying high interest and other fees.

So to compare credit cards and to find the best credit card deals available you are in the right place.

Thanking you
Phil Carti