We finally settled our credit card debt and bid goodbye to the plastic card for good. We have used it for nearly a decade. It was useful in times of sickness and other emergencies. Although we have stopped using the credit card two or three years ago, it doesnâ€™t stop accumulating monthly interest. It reached more than P30,000 and thereâ€™s no way we can pay it in cash. We really hope to close the account until an opportunity comes. There is no reason to rejoice though because we have to secure a salary loan from a government agency in order to close our credit card. Itâ€™s the only practical step we can think of to avoid falling further into debt. The salary loan is payable in two years. We may be paying another loan but weâ€™re sure of paying our debt in a definite period of time.