The first thing for you to do is: organize your accounts and know where to save
Many people want a credit card, but they don't want to organize themselves to pay off their debts. So, have a sense of responsibility for yourself. Pay off your debts. Or at least start organizing yourself so that this becomes possible.
Right after you've separated your debts, it's time to separate your bills, your monthly expenses. It's important to know everything you spend each month, to organize what's essential, what's extra, and what you can do without to save money.
Bad credit card? Do this first
Yes, before thinking about a credit card, think about essential bills, such as rent, house payments, condominium fees, water bills, electricity bills, food bills, and education. There's not much to change, right? But you can find cheaper alternatives. Saving a little on everything you consume helps you have some left over to pay your bills.
Many people look at their debts, at their bank statement, and think mathematically. “It won’t work, I won’t be able to do it!”. It's a bad feeling, but I'm here to tell you that it's possible to get out of debt even with a low income. With interest rates rolling in, a debt that used to fit in your pocket can end up being much larger than your income. It's a delicate situation, but it's possible to pay off your debts.
The most important thing at this point is to know exactly how much you owe and to organize yourself to be able to pay it. Take a look at the tips below to help you understand better.
Be responsible: face the situation and plan ahead
When we find ourselves in this situation, it is difficult to accept that this has become a problem and that it is getting in our way. We need to accept the problem and be determined to work on it. So, you need to create a plan to raise money to start your debt negotiation process. Without planning, you will not know exactly where to get the money from, nor the total amount of the debt to negotiate.
Total value of each debt
You need to separate all your debts and calculate the value of each one. Know the initial value of the debt and how much it is now that interest is accruing. By knowing this information, you will be able to calculate how much you need to negotiate them.
Once you've done all this, now is the time to start thinking about your credit card.
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Good luck!!