7. Make big payments
Rather than making minimum payments, you should try to pay your balances in full every month. Yeah, yeah! We know that you know this and many credit experts have already told you this. But, this is the wise way of managing your credit. If you make a minimum payment every month, then you are taking one step forward towards a deep pitfall. You are paying a huge amount of money for a long period of time, and that too is only the interest, not the principal amount. To eliminate your debt as soon as possible, pay in big chunks every month.