These days many people are realizing that they have too much credit card debt. And with April 15th looming too, and taxes requiring cash, there are things you can do to fix the problerm? When it comes to credit cards, the first fix is pretty obvious. Just stop using your credit cards. Only spend the cash you have – but do it AFTER you’ve paid your bills. Then you might want to consider consolidating your credit cards onto one card – or you could also move the balances from any of the cards that carry a high percentage rate to one with a lower interest rate. In fact you can even try to move to the next 0 percent interest rate card to save a lot of money and buy time to pay off the entire debt. Next start making double payments. If your minimum payment is only on the accrued interest, make a double payment that equals the principle of the entire debt.

Last – stop charging on the cards, and begin making larger payments by using invoice factoring, to get some funds together quickly that will be used soley for paying down the cards. Accounts receivable factoring can provide funds in as little as 24 hours. If you have outstanding invoices that are 30/60 or even as much as 90 days out, get the funds in the door now, and pay the credit cards down to avoid penelties and interest.

For more informaiton go to www.ifgnetwork.com