How to get out of credit card debt: Debt consolidation & reduction

Are the balances on your credit cards getting higher each month? It’s time to take action. Learn about debt consolidation, low interest loans and how to get out of credit card debt with a balance transfer credit card. Oprah offers a debt guide for reducing credit card payments and going as she referes to it a "debt diet".

Other useful online articles and debt reduction tools available:

Debt Calculator from CNN Money or Debt-Zapper Calculator from Credit Card Nation
Suze Orman: Managing Debt
Dave Ramsey: Truth About Debt Management
AARP: Do you have too much debt?
Escaping Credit Card Debt

Get a Visa® that will allow you to transfer high interest balances.

The first thing you must do is get a copy of your recent credit score. If your credit rating is still good, you’ll find immediate relief with a Visa® or MasterCard® that offers 0% interest on balance transfers. Cards you might want to consider include the Citi Platinum Select Mastercard of the Discover More credit card.

Getting a loan with bad credit is still an option.

There are many articles and resources that can help you learn how to get out of credit card debt. And, there are several opportunities for getting a loan with bad credit. It’s important that you take action now rather than later. If you’ve stopped the bleeding and you need to focus on credit repair, you might want to check credit cards that are intended for people with poor credit: the First Premier Bank Mastercard/® Visa ® , the First Premier Bank Gold Mastercard/® Visa ® , the Centennial Mastercard ® /Visa ® and the Centennial Gold Mastercard ® /Visa ® . There are also many resources available online that can help you get take action. And, particularly in a situation of mounting credit card debt, there’s no time like the present to make your move.

The following credit cards may be able to help build, rebuild, or re-establish your credit if you make ontime payments with all of your creditors and maintain your account balances below the credit limits.

First PREMIER® Bank MasterCard®/Visa®

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Editor's Rating: 9.0
Consumer Rating: (5 ratings) 9.6

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Intro APR:	See Terms
Regular APR:	See Terms
Annual Fee:	See Terms

Intro Period:	See Terms
Balance Transfer:	See Terms
Credit Needed:	All Types

Low APR on purchases
Free Access to online Credit Monitoring for the first 30 days
Reports monthly to 4 Major Credit Bureaus
Available PREMIER Credit Protection®
The PREMIER Credit Card - No checking account required
A Credit Card for those with less than perfect credit

Citi® Platinum Select® Card

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Editor's Rating: 9.5
Consumer Rating: (18 ratings) 9.1

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Intro APR:	0%
Regular APR:	As Low As 11.99%
Annual Fee:	None

Intro Period:	Up to 12 Months
Balance Transfer:	Yes*
Credit Needed:	Good

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0% APR* on balance transfers and purchases for up to 12 months
No annual fee
Citi® Identity Theft Solutions
$0 Liability on unauthorized purchases
Secure, free online account management
Extra Cash from Citi: enjoy significant discounts on gift cards, travel, merchandise and more.