Excessive credit card debt is like an anchor that weighs you down. Your thoughts are consumed by it, and it doesn't seem like you can do too much about it. In fact, it almost seems as though the more you pay on a huge debt, the larger it becomes. There is a way to short circuit the endless debt cycle, and you can be out of debt quicker than you think. It will take work on your part, but that is minuscule compared to a mountain of debt.

The strategy to eliminate excessive credit card debt is known by many different names, debt rollup, debt snowball, etc. Regardless of the name, the idea is the same. Get a psychological lift from paying off smaller debts, and roll the now available funds from that payoff to attack larger and larger debts, finally ending up with your mortgage. Most people that can stick faithfully to this plan find themselves debt free, including their mortgage, in ten years.

Here's a rough idea of how it works. Gather your credit card statements and determine which card has the lowest balance due. With the next payment, probably the minimum payment, add as much extra as you can afford each month until this card is paid off. If you have been adding extra here and there to different cards, stop. Pay just the minimums on all the cards but the lowest balance one. You want to pay this one off quickly to give yourself momentum to carry this to the end. Very important!

Once the lowest balance card is paid in full, take its minimum plus the extra you could afford each month and add them to the next lowest cards minimum. Make that payment monthly until the balance is paid off.

Next, you guessed it, add the total on to the next card. Keep on in this manner until all cards are paid off. Then take the total you were paying on the last card and apply it to your mortgage. If you do the math, you will most likely find you can be debt free in ten years.

Using a debt rollup strategy is a great way to beat the credit card companies at their own game by compounding payments. It's a great way to eliminate excessive credit card debt.