The 3Es of Credit Card Debt Reduction Strategy...

Sometimes, you know things are quite unruly. You know what Einstein, humorously said was the greatest force? Compound Interest. Now that's precisely what blocks, and to a smashing extent pulls you down in your efforts to develop and carry out any credit card debt reduction strategy that you believe is your "damnedest best"!

No, I don't mean to sound like that, but the thing most people don't understand about debt reduction solution is that your attempts to reduce the credit card debt or pay them off is easily blasted by something called "the interest" on your balance. If you don't know how to proceed exactly, you'll find yourself rich in debt - even if you had attempted very hard to divorce your credit card!

One of the chief reasons people don't succeed in paying off credit card debt is inconsistency and impatience. Apart from that, in several cases, I've detected that people are not particularly shrewd about their debt reduction strategy. Here's a plan that works wonders once you adopt it earnestly...

I call it the 3E formula. Estimate, Enumerate And Execute.

1. ESTIMATE
Number one thing you need to do before you actually start - and if you wish to have a great start - is to estimate the total debt, the APR or the EAR (rates of interests), and other such trivial and important details. That's the first and easiest part of any debt reduction strategy or plan. This kinda allows you to know beforehand where you stand and lets you know how much time and effort you need to put in.

Remember, no debt is non-eliminateable - if that word exists. You can get rid of every debt, but by ceaseless efforts. Estimate.

2. ENUMERATE
This is a number game. Hypothesizing there's an quantity of balance that seems frightening, we tend to actuate away from it - and in the process, don't pay at the least (and even) a part of it. What befalls then is that as Albert Einstein said, compound interest increments the balance and at last, you have got a terrifying amount. If the initial balance was frightening, this one was terrorizing!

What you need to do here, is to ascertain an guess percentage of the balance - say about 3-8% - and pay that each month. That way, you decrease the balance for which the interest is computed and thereby, the part of amount you pay also diminishes! By the end of the year, you might have actually gotten rid of some 10s of thousands of dollars! And become a debt-free man!
Enumerate!

3. EXECUTE
This is where most of the credit card debt services tend to lose their reputation. Psychologists articulate, you need to be prompted bluntly and motivated and pushed openly to get you started in the de facto action of "credit card debt pay off". I don't entirely agree with them, but I think sometimes they're wiser. So, here I am, pushing you plainly, screaming in your face bluntly, GO AND DO IT.

The choice is complete yours. Winner or Loser? Start the game today, and you will win soon. Think about putting it off to tomorrow, and you loose.