No bio available

Personal Finance > Managing Debt Snowballing: One way to get out of debt

2 of 8

I found a useful way to get out of credit card debt.

legally eliminate credit card debt

List your debts.

Write down a list of every debt you have, how much it is, and what the interest rate is. You might have trouble finding this information, but it's worth getting it all together in one place and write it down. YOu can't manage your situation strategically if you don't even know it, can you?

Remember to include your credit cards (with the different rates and balances for purchases and cash advances), other cards, loans, mortgages, and even money you've borrowed from friends a...

More..