One way many people assume helps to eliminate debt is to get rid of all credit cards. According to debt consultants in and around the Victoria area, getting rid of all credit cards may actually be counterproductive.
The challenge with many people is in keeping track of money spent on credit cards. It is easy to go shopping in local Victoria stores or to shop online and charge everything, easily losing track of the amount being spent. People with credit card debt often have multiple cards and juggle using different cards to be able to make purchases.
Eliminating these negative practices and learning some effective credit card strategies from debt consultants can help in becomes responsible credit users for life.
Choose Prepaid Cards
One tip many debt consultants recommend to their clients is to choose one prepaid credit card. These can be from major credit card companies, and they are accepted anywhere credit cards are taken.
Unlike a traditional credit card, prepaid cards only allow the consumer to charge up to the amount they have added to the card. In this way, they function as a debit card. However, they are not linked to your bank account.
Like any credit cards, prepaid cards can be used for online shopping. This helps consumers to be able to take advantage of lower online prices, helping them to save money on items they need. Successfully managing a prepaid card can be a stepping stone to moving to a traditional credit card once you are free from debt.
