Here are 4 steps to help you pay off credit card debt. These steps may not be possible for every debtor to follow, in which case your only option in beating credit card debt may be to file for bankruptcy.

1. The Snowball Method to Reduce Debt

One popular method of paying off credit card debt is to use the snowball method. This entails first paying off the credit card with the lowest balance account and then gradually making payments on other accounts as the debt starts to reduce more and more. Eventually, you will be left paying large amounts until you completely pay off all your credit card debt.

2. The Snowflake Method to Reduce Debt

If the snowball method is not an option for you, another way to reduce your credit debt is by sending an extra few dollars to your credit card account every month. Regardless of how small this amount may be, it will help result in large deductions over time.

3. Work Extra Hours or Get a Second Job

If you absolutely cannot dedicate any part of your current income to paying off any portion of your credit card bills, you may need to work extra hours or even get a second job. Although this option may be more overwhelming, it will most definitely help you accelerate your debt payoff as you start to pay less interest on your outstanding credit card balances. But if you choose this option, it is important to dedicate all the extra money towards paying off the debt.

4. File for Bankruptcy

If all else fails in an attempt to pay off your credit debt, your only option may be to file for bankruptcy. Filing Chapter 7 Bankruptcy can help you eliminate your unsecured debt (which includes credit card debt) in months. If you opt to file Chapter 13 Bankruptcy, it will help you reorganize your debt payments to ensure that you are only required to pay the amount you can handle every month.

Contact an Experienced Bankruptcy Attorney

If you are planning to file or in the midst of a bankruptcy proceeding, it is in your best interest to consult with an experienced Stockton bankruptcy attorney to help you learn your legal rights and options, especially with respect to Chapter 7 bankruptcy.