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• Stop using credit cards. First things first. Just like any toxic relationship in your life, you’ve got to break up with your credit cards. Y’all think I’m playin’?
• Save an emergency fund. If getting rid of those credit cards freaks you out because you use them “for emergencies,” then it’s time to come up with a new plan.
• Use the debt snowball method. Okay, so how do you actually pay off that credit card debt? The method I used to get out of debt—and what I teach others to follow—is the debt snowball method.
• Get on a budget. A budget is like a toothbrush—everyone needs one, and without it, things get ratchet real quick. If you really want that credit card debt gone, you need a plan for your money—I’m talking every single dollar.
• Cut expenses. Okay, you created your budget. Now it’s time to do some adjusting. Take a good, hard look at everything you listed. What expenses can you cut?

• Examine your spending habits. It might seem obvious, but you can’t improve on something if you don’t understand it. “Typically, when someone comes to us looking for help, our first goal is to look at their expenditures and balance their budget,” says Hannah.
• Build a budget. Now that you have a clear picture of your debt load and how you’re spending your money, it’s time to make a budget. This step doesn’t have to be fancy or complicated.
• Pay more than the minimum. The minimum payment on your credit card bill is around 2% of the previous month’s balance. The problem is, if you pay only the minimum, the majority of that money goes toward the interest (usually accumulating at around 20%), not the principal (the amount you actually owe).
• Negotiate for a lower rate. Did you know you can negotiate with your bank? It is possible, according to Hannah. “A lot of times people just don’t ask.” If you’re struggling with your credit card debt you can call the lender (the bank that has issued your card) and ask for a lower interest rate.
• Use a balance transfer promotion. Many credit cards periodically run promotions on balance transfers to entice new customers to bank with them. These offers generally involve a low interest rate, typically 0% to 1.99%, for a limited amount of time (usually six to 10 months).

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