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You go to the mail box and scan – a couple fliers (nah), your magazine subscription (yes!) and
bills (groan). Every month the bills show up and as you sigh and take out your check book you
wonder if you will ever be free.

Each month you pay the minimums and although you KNOW you’ve got a handle on it – you are
not charging your credit card or accumulating new debts anymore – it seems that you will be
paying the minimum fees forever.

Did you know that HOW you pay your debts can affect how soon you will finishing paying them
off – even if you keep paying the same amount for debt every month? Of course you might be
able to get a consolidation loan, but if you’re not eligible or are not interested then there are
several other things you can do.

It’s not always the easiest to figure out the mathematics, but there are three steps to quicker
debt relief – guaranteed.

STEP ONE – Create a list.

List your smallest debts first followed by your largest high-interest debts (credit card) and then
your largest low-interest debts (Lines of credit and taxes).
Plan to pay the minimums on all debts with these goals in mind:

STEP TWO – Small bills first.

They may not be the highest interest, but every bill that you are paying some interest on
means you are usually only paying minimal amounts on the principal. Multiple debts are also a
sure way to bring your spirits down. Paying off small debts first is a quick way to start checking
them off – and freeing your mind.

STEP THREE – Move the payments along.

When one debt is paid add the funds to the next debt. For example, say you’re making $75
payments to a small debt. When the debt is cleared add the $75 to the next debt on your list. If
the next debt had a minimum payment of $100, you will now pay $175 until it is paid off. When
that one is finished, take the $175 and add it to the next payment and so on.

STEP FOUR – Save the cash!

Don’t forget that when your debts are cleared you have set yourself up for a better financial
future. The best way to take advantage of your new situation is to use all the money you were
spending on debts and start investing or saving it every month.

With this strategy your debts will clear faster meaning you will pay less interest, you will see
progress as you clear small debts first, and you will not be tempted to use the funds for
personal use instead of debt repayment.

It is a worthwhile goal to get out of debt. Seeing that goal come sooner and teaching yourself
discipline sets you up for a brighter financial future. You OWE yourself that!

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Many credit card holders aspire for a higher credit card limit. The obvious reason for this is that
a higher credit card limit enables the purchase of otherwise unaffordable merchandise.

First and foremost, credit card holders need to remember that to get a higher credit card limit,
they must abide by the terms and conditions of the credit card company or bank.

Below are 7 other ways to get a higher credit card limit.

• The most important thing to do for getting a higher credit card limit is to prove your credit
worthiness. This is the first thing that banks and companies look for when giving a higher credit
limit.

• Attract positive attention from the credit card company or bank by paying finance charges
once in a while. Obviously, this is not advisable on a repeating basis and should only be used as
a last resort to increase your chances of getting a higher credit limit.

Proving to credit card companies and banks that you are good “borrower” can be a convincing
way to get a higher credit limit. But be careful because this strategy also means that you will
be paying finance charges which can accumulate in a hurry.

And always remember, a higher credit card limit means greater purchasing power, but it also
increases the risk of your having to pay greater interest charges and other processing and late
fees.

• Always spend within your credit card limit because doing so means that you are capable of
controlling your expenses.

• Use your credit cards regularly. Don’t keep your cards for emergency use only. If you use
your credit cards sparingly, banks and credit card companies will be unable to understand your
spending and pay-back behavior. Under these circumstances, most banks and credit card
companies will be reluctant to give you a higher credit card limit.

• Never make minimum payments. Instead, try to pay for the entire outstanding amount. This
will usually give you a better chance of getting a higher credit card limit.

• Avoid late payments as much as possible. Not only will your increase payment increase, but
you may also have to pay an additional fine for not clearing bills on time. This will also dim your
chances of getting a higher credit card limit.

• The best and simplest strategy for getting a higher credit card limit is to use your credit card
wisely. Always keep in mind that credit card companies keep a record of your transactions and
payment patterns, so always pay on-time.

The bottom line is that your performance in the records of banks and credit card companies will
determine whether you’ll get a higher credit card limit or not.

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