What Do You Do When You Finally Pay Off Your Credit Card Debt?

Posted by Nick Niesen on October 29th, 2010

The problem is, it is darn near impossible to live without a credit card or two. Otherwise, how do you buy online, book a flight, or rent a car? You can still use a credit card after you have taken care of your debt, just do so in moderation.

Credit card debt is a very big problem that is being faced by a lot of people who have been irresponsible and undisciplined in the use of their credit card. Though some might have landed up with credit card debt due to some unfortunate event or emergency in their life, most people carry a credit card debt due to their own financial mismanagement.

There are a lot of ways to pay off credit card debt and a lot of people do achieve this feat. Surely, to be able to pay off credit card debt is really a great achievement in itself for not everyone is able to pay off credit card debt. It takes a lot of discipline, restraint, planning and perseverance to finally pay off credit card debt. However, there is more to paying off credit card debt then just being able to pay off your credit card bills.

What happens to your life after you pay off your credit card debt successfully? As mentioned before, of all the people who try to pay off credit card debt not everyone is successful. However, some people fail after they have succeeded in paying off credit card debt. These are those people who let themselves loose and go on a spending spree as soon as they pay off credit card debt.

Soon, these people again end up with a credit card debt and are again trying to pay off a stack of bills. So, it?s not enough to just pay off credit card debt, it?s equally important to maintain a debt-free status even after you pay off credit card debt; only then can you enjoy a stress-free life in the world of credit cards.

So learn your lessons well and do not let yourself wander down the path to more credit card debt. Most of the rules that you followed when you were trying to pay off credit card debt, will also hold good after you have paid off your credit card debt.

Here is a quick synopsis of things that you should take care of even after you pay off credit card debt:

1)Do not overspend. Giving in to the sale offers for something that you don?t really need, is a big mistake that leads to overspending

2)Always remain within 70% of your credit limit.

3)Make credit card bill payments in time and in full.

4)Don?t hold more than 2 credit card accounts (two are enough for anyone)

These are just very basic things you can do to keep your credit under control; you can add more based on your own experience and knowledge.