Reducing and eliminating your credit card debt

If you are having difficulty finding a method to consolidate, reduce, or eliminate your credit card loan, here’s an unbelievably easy solution for you …

Discover How You, Too, Can Save RM2,184.44 Credit Card Interest and Settle RM10,500 Outstanding In Just 36 months like me – Guaranteed! (While normally, we have to settle RM4,074.44 interest in 108 months, or 9 years)

You are going to discover simple and idiot-proof ways to help you get out of debt and back on the track to a burden-free financial status.

How can I reduce my credit card debt?

How fast can I reduce my credit card debt, and what is the shortest period?

Can I restructure my credit debt without surrendering my credit card(s)?

Dear Malaysia Credit Card Holders,

Four (4) years ago, I was like many of you, desperately looking for a solution to get rid of my credit card debts.

At the time, I didn’t have many options to choose from. All I could do was to limit my monthly spending and take some of my savings to pay off part of the credit card debt.

After 48 months of cautious planning on my monthly expenses and saving, I managed to pay off RM2,000 of my total credit card debts.

If you are like I once was, you will know that it is not easy to reduce a massive credit card balance, especially if your income doesn’t increase in proportion to your accumulated debt over the years.

I gave up the bad spending habits I once had, until there was no more room for further tightening.

The Most Idiot-Proof Ways to Save Thousands of Interest From Your Credit Card Debts and Eventually Get Out of The Debts in 36 Months or Less …

I thought I was doing well, until early this year … when I discovered a damn simple solution that helped me save RM2,184.44 on credit card interest and offered me a way to settle my RM10,500 credit card debt in 36 months.

At first, I was a bit skeptical about this method.

I mean, this sounded like a ‘mission impossible’ for me, after trying so hard for four years, when I managed to pay off only RM2,000 - but now I can settle the whole amount of RM10,500 in just under 3 years!!

Here is what I managed to do:

In my February statement, my accumulated debt with the bank was RM10,512.39, stated as previous balance in the statement. After the restructuring exercise, I begin paying RM291.67 monthly for the next 36 months.

Look at the summary below and you will be able to see the high impact from this consolidation exercise:

Before Restructuring After Restructuring
Outstanding amount RM 10,500 RM 10,500
Monthly payment RM 525.00 RM 291.67
(5% minimum payment) (fixed installment)
Interest rate paid 18% yearly 6% yearly
Interest payable RM 4,074.44 RM 1,890.00
(108 months) (3 years)
Repayment Period 108 months 6 months

Through this exercise, I am able to pay off RM10,500 credit card debt (including interest) in 36 months. I can save RM2,184.44 interest and use this amount of money to buy many things!! I will be debt-free 36 months later, without needing to change my spending habits.

Just imagine if your debt is double, triple, or ten times that of mine. How much can you save with this scheme? Just bring out your calculator and do the math…the figures will tell you the truth.

What is the best way of reducing credit card payments without interest? I can only pay just enough to cover bank interest each time. I want to know how I can make payments that can be deducted from the principal instead of from just the interest.

When the credit card debt grows too much, to a point that I am hard-pressed to pay off, is there a way to reduce or skip out on interest charges on the credit card debt?

Transferring the balance from one credit card company to another does not reduce the debt; it only postpones the repayment of it. Is there a better method? How do I reduce the debt?

Call me NOW at 016-2095536 if you are serious about living a debt free life. :)