AbErCrombIe
|
There is this "debt diet" program on oprah.com that offers a guideline for people who are in debt. If you are really serious about getting rid of your debt, I suggest giving that a try. Best of luck. |
|
gregory_dittman
 |
Start with a bank loan, and that will probably reduce it to 6% annual. Then get rid of the credit cards, because obviously you can't handle them. Also look for a better job unless that's part time. You are bringing home less than $2.90 a hour. |
|
mrs.izabel
 |
First of all, what possessed you to open a credit card with 29% interest? Ok, now the best thing to do is budget your money very strictly. Since you want to pay your debt ASAP, I suggest not spending money on things other than necessities. Pay more than the minimum amount on your credit cards.
Also, you should call your credit card companies and tell them you are having financial trouble and is in danger of filing for bankruptcy unless they lower your interest rate.
Good luck. |
|
got_no_answers
 |
Well, the first thing you need to do is cut those cards up and throw them away. Or at least don't carry them with you. Its so easy to just say "Wow, I like that, I think I'll get it". Then, put as much money as you can spare each month towards the highest interest credit card. I know what your going through, my wife and I had over $14,000 in credit card debt 2 years ago. So we just cut 'em up and started paying off the highest APR card first. We now have only $2,000 in debt left. The bad thing with credit cards is, its so easy to rack up the debt, but it takes years to pay it all off. |
|
♣
 |
29%, what country are you in? In Australia you can get credit cards with interest rates less than 10%... |
|
DJValy
|
check, money order, bank check, electronic payment, choose one,, |
|
i hate phil collins
|
first of all, you're a dumbass
second of all, you'll never get laid with credit like that.
theres my advice. |
|
kelly_robison2000
|
this will sound cheesy, but go to Oprah.com and check out the section on Debt Diet. You can call your credit card company and ask to lower your interest. You can also try transferring the balance to a 0% credit card offer to give you a chance to get it paid off. |
|
59FIFTY
|
jhmm dnt know |
|
mslider2
|
Your best bet is to call the credit card companys and ask to speak to a supervisor. See if there is any way you can lower the interest rate. Failing that you have a couple of other options.
One would be to get a new credit card (most have introductory offers of not interest for 6 months) transfer the balance and pay it off as quickly as possible.
The other option would be to contact a non profit debt reduction firm (not those 800 numbers that advertise on tv).
Usually they can work with the credit card companys to forgive the interest and late charges in return for the current balance. Downside of the 2nd option is they usually want you to cut up/surrender your credit cards and never use them again. |
|
Shady
|
Pay them at the bank or post office, if i were you, i would use the rest of your paychecks on your cards. Unles you have rent and groceries to buy, unless you have to give up your cards for rent and groceries. |
|
powderstore
|
get another job. The only way to get money is to earn it. Unless you win it and the chances of that are slim |
|
Sarah (28/UK)
|
Throw the cards away and don't get anymore!!
Get another job or a better paid one and pay off as much as you can. If you do not pay as much as you can you will never clear the debt as the interest will create an even bigger debt and will continue to spiral out of control.
Take out a loan to pay off the cards as the interest rate will be a hell of a lot lower than what you are paying now. |
|
wannaknow
|
You look at your credit card interest rates and figure out which one is higher. Pay as much as possible per month on that one and the minimum payments on all other credit cards. Once that is paid off, start paying off the one with the next highest interest rate.
Stop using the cards if possible. If you still need credit, search around and apply for one that has a lower interest rate.
Many credit card companies offer a balance transfer for little or no fee. Check with your companies and see if they do. If so, try to consolidate your debt onto one card. Good luck |
|
bunis46
|
First, as a few people have mentioned, call the credit card company, talk with a supervisor, and reduce the interest rate. Check our Clark Howard's web site for more information on that, and Oprah.com.
Also look into debt consolidaiton companies. Normally they will work with you and your credit card company to come up with a budget, that works for you and pays off your debt.
And be prepared, they are basically going to ask you to live on bread and water for a while till you bring your debt down to a more managable level.
For a quick way to start, look at paying double the monthly minimum. |
|
| |
|
Homepage 
Financial
Forum 
Personal Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
