When you are at college and you are trying hard to get the qualification that you need to make sure your life goes on the tracks that you want it to and not end up flipping burgers in some greasy fast food place for the rest of your life.
Sometimes you forget that the little piece of plastic that you pay for everything with has to be paid back.
So what do you do if you are a college student in credit card debt? One of the first things you need to do is stop using them.
The main mistake of people wanting to get out of debt is the fact that they keep using their card over and over which means that their debts get bigger and bigger.
So if you are a college student in credit card debt, cut up your credit card, if you can't bring yourself to cut it up then you need to give it to a friend to cut it up.
Getting out of debt is making sacrifice and if you can't give up what got you there then you need help from a credit counselor.
The next consideration for a college student in credit card debt is to start thinking about how you are going to get out of the situation that you are in.
As a student you more than likely have an allowance each month, work out a budget of what your absolute needs are and make an oath to yourself that you are going to stick to it.
Something like "I pledge allegiance to the statement of the college student in credit card debt to stick to the budget stuck to the ceiling above my bed!" That should remind you every morning of what you are working to reduce.
Now a college student in credit card debt has other options, a student debt consolidation loan could help you reduce the monthly payments and help you pay the debt off with a very much reduced interest rate.
The average credit card interest rate is around 26% and the average consolidation loan is around 14% (many are lower if you shop around) This can reduce what you are paying back by 54% if you get the right deal.
Get help from people close to you, many of those who are a college student in credit card debt are normally embarrassed by the fact that they have had to get into that situation and they make it out to be less than it is.
Talk to family and friends and ask them for advice and help on how to stop spending.
There are thousands of ways to get the debt reduced but you have to make the decision to reduce the debt and get rid of it.