http://www.dawnofthedebt.com/credit-card/reduce-credit-card-debts.html Reduce credit card debts - By paying off the monthly minimums do you really reduce credit card debts? en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 The great paradox Most of us do not pay much more to our credit cards then the monthly minimum, but what does that do to reduce credit card debts? Actually if you took a closer look at the situation, you would find that it is going to take you a lot longer than you thought to pay off these pesky credit card debts and that you are probably not even close to paying off the principal. That can be a tough reality to face, especially when you are thinking that you are making some kind of headway when you send out those checks. So, how can we more effectively reduce credit card debts? Most people do this through the many different programs that are available to us all these days. Start your journey today Head on in to your local credit counseling agency and find out all of the ways that you can start to reduce credit card debts today. Any program that you choose will start with a financial professional negotiating with your creditors for reduced final balances which can shave off a considerable amount of time right off the bat. So, right when you enroll in a program you have already done much to reduce credit card debts. After that you can work out a flexible payment plan that works for you and that makes more of a dent in the debt every month than when you were paying it off on your own. Knowing that you are doing more than before to reduce credit card debts will make a big difference in your overall well-being and will motivate you to stick with the plan until the time comes that you have paid off all of your credit card debts in full and according to the original agreement. You can reduce credit card debts with little effort on your part, it will just take some determination and perseverance. MOst of the programs will have you debt free in about 5 years, depending on your debt and the program that you choose. Sat, 26 Jul 2008 15:00:00 EDT