It's time to face reality. You've got a load of credit card debt and you have no clue what you can do. Allow me to share some matter-of-fact solutions to your situation. As much as you would like to wave a magic wand to make your debt go away, it won't. No, these are not magical solutions, but realistic solutions for getting you out of debt and remain free from debt.

The first move is to realize that your spending is a disaster. It truly is. I know there were great reasons to purchase as much as you did. Most likely they were emotional reasons. Everyone expected you to buy what you did. You were emotionally drawn to it. You just could not prevent yourself from buying those things.

Bear in mind, commercials you read, hear or watch have just one purpose: to get money out of your pocket into the pocket belonging to the advertiser. Commercials are built on emotion. You have to understand this and begin acting prudently regarding money.

So, now is the time to be sensible. Which means you need to begin using money management strategies that produce results in your best interests for the long run. You'll need to let go of feelings and practice things that make sense. Now, listed below are some no-nonsense actions you can take to reduce your debt and stay debt free.

First, find out how long it is going to take you to eliminate your debt. Paying out the least amount required every month, it could probably take 5 to 10 years to pay off your debt. That's if you do not make it even bigger by buying more stuff. You can likely pay more and may even find a way to negotiate a reduced rate of interest with the credit card companies. Both these actions can help you become free of debt faster.

Second, put a small amount of extra cash aside for emergencies. Everyone has unforeseen bills. You should anticipate the bills unexpected events will generate by establishing an emergency fund to cover the costs of these unforeseen and unwanted events.

Third, as you can likely tell by now, you are going to be running really tight on money. So, you will really need to make a budget. Establish how much money is coming in and what your necessary bills are. Take into account in your bills money for reducing your debt, plus your emergency fund plus other expense like food, housing, utilities and transportation. Find places to reduce spending. Do not let other people kick your feelings into spending mode. Remain loyal to your budget.

Fourth, when you're having trouble paying off your debt, you can get help from a credit counseling agency. The U.S. Trustee Program has a listing of credit counseling services that can provide assistance. Some provide assistance at no cost (and are compensated by the credit card agencies) while others charge you a fee for their help. Make certain you agree with any fees before you agree to participate in their program.

The greater your knowledge about credit and debt the easier it will be for you to manage your money and stay free of debt.

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