Im in incredible debt. What are the best solutions to resolving this Debt?

should i pay off a certain credit card first and move on to the next one? Should I pay the minimum payment on all of them until they are all paid off? Any help or solutions? Thank you.

The best way and you will find this out by research is first of all shred the cards. If you must have a card for gas, then either make it your card with the lowest interest rate, or your ATM card.

Then pay off the maximum amount that you can afford on the card with the highest rate while making the minimum payments on the rest. Then attack the next card, and so on and so forth.

If you can live on cash, then this will cure your credit card addiction.

Good luck.

And check out Dave Ramsey.

The cheapest method would be to pay the minimum on every card (to avoid late fees), then apply any extra money to the card with the highest interest rate.

EDIT: sorry i didnt see ed's answer when i started typing

You want to pay off at least the minimum on all and if any money is left over, pay off the card with the highest interest rate first. Once this one is paid off in full do the next highest and so on.

pay min on all - any extra money pay on highest interest rtae or lowest balance card, once one is paid off, add that extra money to the next card and so on until all paid - get a 2nd job to help pay off quicker -

do like $5 more than the minimum on them all. if you wait to pay off the others then they might go to collections before you get the first paid. they won't if youre making payments on them.

Cut up your credit cards!! If you can't afford to pay cash for it, you can't afford it.

Contact one of those debt reduction places that are always advertising on TV -- Care One, The Hermosa Group, etc. You can google it and get a big list of agencies -- look for the non-profit ones. They can negotiate reduced balances, fees, etc. and can get your interest rate lowered so you pay off your cards quicker.

If you don't want to go that route, just pay each creditor each month and pay more than the minimum balance each month until you're paid off.

join a branch of the military they give you everything (food, bed, intense exercise) and then give you a check. just pay it off with that

1. Pay your bills on time.
This is the best way to improve your score, and it's never too late to start. Even if you've had serious delinquencies in the past, those will count less over time if you keep paying your bills on time.

2. Keep credit card balances low.
High outstanding debt can pull down your score. Donâ€™t go maxing out your credit cards all the time.

3. Check your credit report for accuracy.
Itâ€™s possible that there may be inaccurate information on your credit report that can be easily cleared up (see How To Fix Credit Report Inaccuracies). If this proves to be the case, then you should contact one of the three credit reporting agenciesâ€”TransUnion, Experian or Equifax.

4. Pay off debt rather than moving it around.
Consolidating your credit card debt onto one card or spreading it over multiple cards will not improve your score in the long run. The most effective way to improve your score is by simply paying down the amount you owe.

5. Keep your credit cards - but manage them responsibly.
In general, having credit cards and installment loans that you pay on time will raise your score. Someone who has no credit cards tends to have a lower score than someone who has managed credit cards responsibly.

6. Don't open multiple accounts too quickly, especially if you have a short credit history.
Opening too many accounts in too short of a time period can look risky because you are taking on a lot of possible debt. New accounts will also lower the average age of your existing accounts, something that your FICO score also considers.

7. Don't open new credit card accounts you don't need.
This approach could backfire and actually lower your score.

8. Don't close an account to remove it from your record.
Itâ€™s a myth that closing an account removes it from your credit report. This is untrueâ€”even closed accounts remain on your report, possibly for an indefinite period of time and may still be factored into the score. In fact, closing accounts can sometimes hurt your score unless you also pay down your debt at the same time.

9. Shop for a loan within a short, focused period of time.
FICO scores distinguish between a search for a single loan and a search for many new credit lines, based in part on the length of time over which recent requests for credit occur. If you shop for a number of loans over too long a time period, it can count against you.

10. Contact your creditors or see a legitimate credit counselor if you're having financial difficulties.
This won't improve your score immediately, but the sooner you begin managing your credit well and making timely payments, the sooner your score will get better.

Pay off the highest interest debt in full, first... Then pay off the next highest interest debt.. And so on... Pay at least the minimum on all other debts to maintain a good credit rating.

Keep up this strategy until all credit card debt is paid off completely. The quicker you can pay off your credit card debt... The more money you will save.

In the future only use a credit card if you can pay off the balance monthly, thus saving tons of interest and putting more money in your pocket.

Good luck.

I found The best info about your Question HERE:
(VERY good loans - c.cards - credit repair & score; info)
http://new-loans-center.blogspot.com
Good luck!

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