Avoid Debt Altogether
There are several ways to minimize your debts. Since we’re in the ear of collapsing credit card companies, let’s up the ante a bit. What if we say that you would be faring better without debts? Would you be able to handle it? Fact is, having debts is ultimately useless. Debt in the United States has been rising since the seventies. That’s why the US has specialized bankruptcy laws.
But now that the government is protecting the credit card companies from people who don’t know how to pay up, what do you do? Let go of them. Don’t use credit. If you can’t buy something, don’t. In the end you would be stronger financially.