7 tips for tackling your credit card debt, from someone who paid off $100,000 in 3 years

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7 tips for tackling your credit card debt, from someone who paid off $100,000 in 3 years.

," it took nearly three years — and a lot of self-discipline — until she paid off a whopping $100,000 in credit card debt.. "When I didn't have money for something, I whipped out a credit card."

When Khalfani-Cox reached her early 30s, she started getting declined for purchases and new credit because her credit cards wereShe soon made it a point to finally get rid of her highand use her credit cards as a financial tool. "I had to learn to practice delayed gratification, save up for some things and plan my spending — without just thinking: 'I want it now, so I should get it now.

But Khalfani-Cox didn't pick up just one new financial habit while working to pay off the debt. Here are all the steps she took during her three-year and 6-figure debt payoff journey.According to Khalfani-Cox, this was an important step in the process of getting out of debt. Before she got aggressive about her payoff plan, she was"That was a debt trap and part of why I stayed in debt so long," she says.

Paying more than the minimum allows you to actually make a dent in your principal balance in addition to the interest accrued.This was an easy step to take and one that helped Khalfani-Cox avoid the temptation of scoring a new"When you're already deep in debt, you just don't need that extra temptation," she says.

 

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Oh you didn’t get the memo? Just sue the credit card company for shoddy service and have your scumbag lawyers tie up the debt in endless litigation until they go defunct. Rinse and repeat.

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