It is difficult to face credit card bills that keep stacking up. If you find yourself overloaded with credit card debt, it is possible to regain control of your finances. 

Keep reading for some important tips on paying down your credit card debt. 

Negotiate with your creditors 

According to FindLaw, you may potentially be able to reduce the amount you owe by negotiating with your creditors. Your creditor may be willing to reduce the amount you owe in exchange for a lump-sum payment. Other creditors may be willing to reduce your interest rate for the time being. Still, another option might be to consolidate your loans. In this instance, you take out one large loan and use that cash to pay off your existing debts. This will usually bring your overall interest rate down and you have the convenience of only paying one loan instead of several. 

Create a separate “debt” account 

Create a list of your monthly debt obligations and get a total amount. It is a good idea to create a separate checking account that is purely to pay debts from. This way, you will keep that money separate from your other money and there is less of a chance of it getting spent on other things. At the beginning of the month, or whenever you get paid, transfer the amount needed over to the debt account. Be sure to pay your debts out of that account as well. It’s much easier to have money set aside to pay your debts before they are due. If you have them drawn automatically from that account, there will be no need to worry about the funds coming out of your regular account.