If you’re like most American’s these days, your credit is stretched beyond belief. According to one report, the *AVERAGE* american household with at least one Credit Card has $9200 worth of debt on that one card alone. Not to mention car payments, home improvement loans and everything else (buy today same as cash for 12 months!) we manage to rack up in a month. Some people look towards cash advance loans but those can be taxed at a higher interest rate then a regular loan. Out side of putting the cards in the freezer (which is what almost every debt counseling service will tell you to do) how can you get those high balances back under control?

One of the quickest things to do is look at a refinance on your existing mortgage (try and get some cash back and reduce your monthly payments at the same time) or even consider taking out a second Mortgage Loan on your house. Either way, one thing you definitely need to do is working on moving from a reliance on credit cards to a cash and carry system. It will hurt a little at first but you’ll be happy at the end of the month that you only spent what you had. At least, we are anyways.