The sad fact is that there are a lot of people in the UK that don’t actually know the total amount of debt that they are facing and the hard fact of their growing debt problem can make for a shocking revelation.

Having a clear understanding of how much you owe is integral to tackling the burden of bad debt. Likewise, knowing who you owe the money to should not be a mystery. You should also know exactly what the interest rate is that you are currently being charged. Taking responsibility for your level of personal debt and striving to manage your finances better is the first step to debt freedom and although it may be painful to face up to the extent of the problem, it is hugely liberating to take it on. So, write it down, see the problem laid out in detail, in black and white. If that doesn’t get you motivated to pay off your debts, you’re in trouble.

When you know what you owe, you can start to come up with a plan to pay it off. For starters, you can work out exactly how much you can afford to pay each month and decide on how best to use that money to free yourself from debt as quickly as possible. If credit card debt is the root of the problem, you need to understand that clearing it off might require some sacrifice. Pay more than the minimum each month and adjust your monthly budget to accommodate for the increased repayment amount.

Once you’ve worked out how much you can afford to pay, you need to decide how you’re going to go about paying the debt off. You can Snowball the debts by singling out the biggest, paying the minimum to the rest and throwing everything else you’ve got at it. As the debt comes down, so will the interest but if you keep the payments high, it’ll disappear faster and faster. Once that card is paid off, go to the next one in the line and use the same snowballing method on that. Paying off your debt in this way is much easier than trying to settle your debts all at once. It’s all about being determined, sticking to your task and hitting that target debt hard, until it disappears.

Clearing your credit card debt is not easy. It will be difficult but it will also be rewarding, both financially and psychologically. There’s no need to tackle it alone either. Talk to a dedicated debt advisor at Harrington Brooks who will be able to suggest the best debt solution to suit your personal, financial situation. Use the free, no obligation debt wizard at to help you find a fast route out of debt.