Credit card misuse is extremely widespread. In fact, due to the effortlessness with which they can be used and the high percentage of interest they charge, they are the number one reason people find themselves in debt. This is especially true due to the fact that you begin to pay interest in the very moment you make a purchase. Add to that a missed payment and you are in big trouble. It is absolutely necessary to be strict with your finances or even consider counseling.

What many people don’t know is that you can make payments on you credit card more frequently than on a monthly basis. It is possible to make a payment whenever you like. It is recommended to make frequent payments, with weekly payments being a good idea. Not only will this prevent interest from piling up, but it will be much simpler to make several small payments instead of one large one.

If you find yourself in a financial emergency due to your credit card spending, however, there are organizations that can help. One of the many such non-profit organizations that exist in many parts of the US is the Consumer Counseling Centre of America, known as the CCCA. They can help you resolve unsecured debts such as those incurred with credit cards.

CCCA is very different from a consolidation loan agency in that CCCA does not give loans. What they do for you is simply consolidate your debt for you, and negotiate better interest rates with your creditors.

CCCA takes a monthly payment from you and then pays off various creditors from that amount. When you participate in a CCCA or any other similar non-profit program you gain in terms of peace of mind.

You are also benefitted in that you are sure your payments are being made regularly, on time, thus getting creditors off your back. You will also avoid late fees as all of the payments are being made by someone else.

Sometimes people feel upset when their request for a debt consolidation loan is rejected by banks or financial institutions. They must realize that credit card debt is an unsecured loan and is not attached to any collateral. Most institutions will therefore ask you to mortgage an asset such as a house. This is not advisable because if there is a default then the bank will auction the house.

So your best bet out of any credit card induced financial crisis is plenty of self discipline and a little help from a counseling company.