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Anthony’s Credit Card Debt and Debt Strategy

Build Credit and Control Debt

 

Take Steps to Control Your Debt

Using Anthony’s credit card debt below (or another) as an example, complete your own online, or download a spreadsheet or PDF.

web xls pdf

Complete your own online


Take a look at how the other people of Building Wealth determined their strategies to build credit and reduce debt.

Anthony’s Credit Card Debt

Anthony’s Credit Cards

Debt

Interest rate

Monthly interest*

Major card

$
3,000

16.99
%

$
42.48


*Interest rate divided by 12 months multiplied by the amount of debt.


Anthony’s Debt Strategy

My strategy for reducing credit card debt includes:

1.
Check my credit report on www.annualcreditreport.com .

2.
Call my credit card company to ask for a lower interest rate.

3.
Put my credit card on auto pay to avoid late payments.


Back to Chapter 4

From Chapter 4: Build Credit and Control Debt