3 ways I was able to get out of $25,000 of credit card debt

Jennifer Ramirez Founder of &Rise explains to women the 3 ways she went from $25k in credit card debt to 100% debt free!

&Rise helps survivors of abuse get rid of your emotional pain once and for all so you can FLOURISH into the person you were meant to be! Jennifer created these vlogs to help the women in her network because she is a single mother and at one point, she was $25,000 in credit card debt. She also was a victim of financial abuse, which is part of the reason for her debt and she wants to help other survivors by sharing how she was able to become 100% debt free!

Credit Consolidation - Debt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others. This commonly refers to a personal finance process of individuals addressing high consumer debt. You can pay a company to do this or you can do it yourself and negotiate with your creditors.

Balance Transfers - A credit card balance transfer is the transfer of the outstanding debt in a credit card account to an account held at another credit card company. This process is encouraged by most credit card issuers as a means to attract customers and it is really useful IF you know how to use it properly. - 3% charge - 3% of $1,000 is $30 - or you pay your 15% interest on your $1000 balance which is $150 - Warning: Pay in your agreed time frame or you pay it back.

Consistency - Use your income tax checks, birthday or Christmas money to pay down your debts. Consistency is key and sacrifice is a must. Good things take time and hard work. It's easier to buy whatever you want and stay where you are but that's a poor person’s mentality.

If you want to learn more about how to grow your money, how to save, or get out of debt, please see my other videos on these subjects.

If you are interested in life or business coaching please contact me directly at jennifer@womenrisechicago.org.

The &means your story isn’t over yet, there is more to tell.