than the minimum. There are hundreds of cards offering no interest on balance transfers for three, six or nine months. If you transfer your balance you need to check that you can transfer the whole amount over and that you will have that agreed interest rate on that balance for the agreed time. There will be a fee for the balance tSilly question right? Well maybe not if you consider that you won't be free from debt if you keep on paying just the minimum payment every month for a lot longer than you realize. Lets take a look at the averages and then you can see what a difference it could make to you and your debts.

The average debt in the USA per family is $8,100, many have more than this but this is the figure we are going to work with. Now if you think that on the current balance you are being charged interest which is calculated daily (not monthly or yearly as they would like you to think) If you continued to pay the minimum monthly charge you would not be free from debt for 30 years!

This is of course as long as you stop spending on the card straight away and don't add to the balance. Its a long time isn't it? So what can you do to make sure that you get free from debt in a sensible length of time rather than nearly half your life.

If you have your own home you can get a Home Equity Loan that will help you reduce the interest payments and you can spread the repayment of that money over a longer period. This means that you are actually paying off the debt rather than just lining the credit card companies pocket so they can drink vintage champagne at the AGM.

Transfer to no interest card offers and pay back more than the minimum. There are hundreds of cards offering no interest on balance transfers for three, six or nine months. If you transfer your balance you need to check that you can transfer the whole amount over and that you will have that agreed interest rate on that balance for the agreed time. There will be a fee for the balance t

is $8,100, many have more than this but this is the figure we are going to work with. Now if you think that on the current balance you are being charged interest which is calculated daily (not monthly or yearly as they would like you to think) If you continued to pay the minimum monthly charge you would not be free from debt for 30 years!

This is of course as long as you stop spending on the card straight away and don't add to the balance. Its a long time isn't it? So what can you do to make sure that you get free from debt in a sensible length of time rather than nearly half your life.

If you have your own home you can get a Home Equity Loan that will help you reduce the interest payments and you can spread the repayment of that money over a longer period. This means that you are actually paying off the debt rather than just lining the credit card companies pocket so they can drink vintage champagne at the AGM.

Transfer to no interest card offers and pay back more than the minimum. There are hundreds of cards offering no interest on balance transfers for three, six or nine months. If you transfer your balance you need to check that you can transfer the whole amount over and that you will have that agreed interest rate on that balance for the agreed time. There will be a fee for the balance t

0 years!

This is of course as long as you stop spending on the card straight away and don't add to the balance. Its a long time isn't it? So what can you do to make sure that you get free from debt in a sensible length of time rather than nearly half your life.

If you have your own home you can get a Home Equity Loan that will help you reduce the interest payments and you can spread the repayment of that money over a longer period. This means that you are actually paying off the debt rather than just lining the credit card companies pocket so they can drink vintage champagne at the AGM.

Transfer to no interest card offers and pay back more than the minimum. There are hundreds of cards offering no interest on balance transfers for three, six or nine months. If you transfer your balance you need to check that you can transfer the whole amount over and that you will have that agreed interest rate on that balance for the agreed time. There will be a fee for the balance t

at will help you reduce the interest payments and you can spread the repayment of that money over a longer period. This means that you are actually paying off the debt rather than just lining the credit card companies pocket so they can drink vintage champagne at the AGM.

Transfer to no interest card offers and pay back more than the minimum. There are hundreds of cards offering no interest on balance transfers for three, six or nine months. If you transfer your balance you need to check that you can transfer the whole amount over and that you will have that agreed interest rate on that balance for the agreed time. There will be a fee for the balance t

than the minimum. There are hundreds of cards offering no interest on balance transfers for three, six or nine months. If you transfer your balance you need to check that you can transfer the whole amount over and that you will have that agreed interest rate on that balance for the agreed time. There will be a fee for the balance transfer but the interest is normally more so you can be sure that you will be saving money. Then in three, six or nine months time repeat the whole process.

Pay more than the minimum. The card companies make it so easy for you to just have the money transfered from your bank for the minimum amount and then you forget that you are paying the minimum each month. If you can afford it, and there are many ways to reduce your outgoings each month so you can, make an extra payment to them each month so they know that you are serious about getting free from debt.

These are just a few of the ways that you can work your own way to be free from debt in much less than the 30 years you would do it in if you were to continue on the minimum payment method.