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| I looked at my online account this morning, and i had money direct deposited into my account. I went to use my atm card to withdrawal money and it denied my transaction. I went home to check my ... |
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 How do you get a mortgage with bad credit an a small amount for a deposit? |
| Neded a mortgage but have got a fairly poor credit rating and just a small amount of cash for a deposit.but do have a well paid full time job!but do you know of anyone that can help me?... |
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 What is the minimum payment for a credit card purchases? |
| i'm planning to buy a car and after deducting down payment 6000 dollars will be left and my dad will pay that amount with his credit card. i just want to know how much the minimum payment for ... |
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 If I had a trillion dollars... what would happen? |
I already know I'd be rich!
Additional Details
Ok, I don't think I would keep that kind of money in my pocket!... |
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 How can I make an extra $250 a month w/out working? |
| Doesn anyone know a good way to make a little bit of extra money without getting another job? I need to find a way to earn $250 a month without having to get another job so I won't have to live ... |
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| My friend just inherited this amount of money after his mother passed away. It's all in his brokerage account, taxes paid already. Where would he have to move to and how would he have to live in ... |
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 I need $384? |
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i want to prove to him i'm responsible and that there are certain things he doesn't need to worry bout little things ... |
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| I normally try to help out when i can, but times are hard for me. i can donate say £20 to pudsey and put it on my credit card. would you do this? Is it sensible or am I all shook up?... |
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| Seeking some sensible advice? |
| I can afford to save some money. However, I have a bank loan which I currently pay off at £161/month. Would I be better paying more on my loan to clear it more quickly, or putting some money in a ... |
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 What's a good way for a 13 year old to make money? |
| I am 13 years old...I have taken babysitting lessons, but I have never babysat anyone, so nobody wants to let me babysit. I don't know anyone with kids, so nobody trusts me. I have thought about ... |
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 What is the fastest way to pay my car off? |
| i am 5 months away it should be payed off next month but i had to defur some payments i have a job but all my money goes to other bills so what i am asking what is the best way to make an extra 2400 ... |
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| Is $140,000 a year (AUD) a good amount of money to earn? |
Or is it just average?
Additional Details
Piss off Heather I don't earn that. I'm like 16 you cow.... |
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Jane S | How to start paying off credit card debt? |
I have 5 credit cards: 3 are nearly maxed out; the other 2 each has a balance that's half of the total credit limit on that card.
Which is better to do: a) pay off the remaining balance on the 2 cards; or b) pay down the 3 near-maxed out cards? (all 5 cards have similar APRs)
Thanks so much!! |
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raven44012
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Start paying down the card with the highest interest rate...then the next highest and so on. |
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voluntarheel
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Follow Dave Ramsey's debt snowball from The Total Money Makeover (its a book, and a very good one for getting out of debt).
I'll provide the link, too, but I highly recommend the book - get it at your library. |
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mldjay
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First, you need to change your behavior. Are you done over spending? Are you ready to live below what your paycheck is? If yes, get on a written budget every month. (Each month is different, example some months may have 3 pay days instead of 2 or your car insurance may be due in November but not December). Second, save $1000 baby emergency fund so while you are paying these debts off you don't turn back to the credit cards for the emergency. (Emergency is furnance dies, brakes go out of the car, not Christmas or buying the couch you have been eyeing.)
Next, list all (ALL not only the credit cards) debts smallest to largest. Don't look at APR. Pay off the lowest debt while paying minimums on all the other debts. Once the lowest is paid off (say you were scraping together a total of $100/month to pay on the lowest)- use that money on the second smallest amount.
Example: Debt 1= $200, Debt 2= $500, Debt 3= $1750, Debt 4= $5000, Debt 5= $7000.
You pay debt 1 off in a total of 2 months ($100/month)- YEAH. Then move to Debt 2- if you currently pay the minimum of $50 per month, you will now send them $150/month. That one will be knocked out in about 3 months. Then you apply the $150 to the minimum payment of debt 3 and knock that debt out and keep going until you are out of debt.
You are asking yourself- why pay off smallest debt first? The reason is psychology- you need a quick win to keep you going. Kind of like dieting- when you loose the first few pounds it keeps you going. Same with finance- feeling a sense of accomplishment is what you need!
After you are out of debt then save up 3-6 months of expenses (about $10-20,000 for the average American) for emergencies. Then you start fully funding your retirement (15% of income), fund your kids (if any) college fund(s), and then pay off the house.
For more details read The Total Money Make over by Ramsey. He lays out common sense financial information in an easy to use format. His book and website include budgeting and debt snowball forms. |
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Kathryn
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Since the interest rates are similar, here's what you should do: Pay the minimum payment on four of the cards and put all you can afford toward the card with the smallest balance (regardless of the card's credit limit). Once that card is paid off, put all you can afford towards the card that now has the smallest balance and continue like that until they're all paid off. Needless to say, you should stop charging anything on any of the cards. Also, do not cancel the cards once they're paid off. Doing that reduces your total available credit, which reduces your credit score. Good luck! |
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Samantha1029
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start paying off the near maxed out cards. gets those down. and dont use the other two! then slowly start sending off more money then what the min payment is on each card every month each month pick a card or two to send like a double payment. |
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shop2early
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A) I would pay off the remaining balance on the two cards, then work on the other three. |
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perfectlybaked
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I had 5 cards. All were maxed out, and one was $300 over.
I guess you could pay off the smaller ones, little by little, and then work on the bigger ones.
One was $250, $500, $1000, $2000, $4000, and $10,500 (<=This one was over limit).
What did I do? I had my parents pay them, but I have to work for them while they pay for them, but you are in a better position because they aren't all maxed out. Mine were. |
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ReelTru
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Pay the 3 maxed out ones. Get it off your shoulders then move on to the other 2. |
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The King
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The best stategy is to pay off the smallest balence first and when it is paid off cut the card up and then move to the next smallest and so on. |
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Jersey
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Well here's a thought how about you get a job. or do some fun raising or ask someone for a loan.sell some of your old stuff that are just lying around like c-D's toys junk like that. or if you live with your mom or dad you might wanna ask them for some cash. |
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BobU
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First issue is stop spending money you don't have. People living like celebrities on a blue collar income end up on the streets. |
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Newlywed!
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Let me start off my saying I'VE BEEN IN YOUR SHOES! I don't know how to start without typing for an hour...but just let me say, PAY OFF THE BALANCES WITH THE HIGHEST APR. You say they are all "similar", well, find which ones have the highest apr and get those out of the way, and in the meantime, make as big of payments as you can on the others. If it can only be the minimum payment, let it be. I just made it a habit where I took out AT LEAST half of my paycheck and paid it on credit cards alone. I paid mine off one by one, I think it works better that way, so you're not paying little amounts on every card and getting stuck with a high finance charge. It's better to pay BIG AMOUNTS, one credit card at a time, knock one out, then go to another one. I would pick the credit card I owed the most on and concentrated on that one. I would pay 200 bucks a week on it and before you know it it's paid off. And in the meantime, PUT YOUR CREDIT CARDS AWAY! You're never going to get them paid off if you just keep using them! And once you have them paid off, CANCEL SOME! You seriously don't need 5 credit cards. I had more than that, LOL, and now I only have 2. I have one with only a $500 limit, that's for like gas, grocery's, etc. and I make myself a deal to where I pay it off EVERY month. And my other credit card has a bigger limit and I put it away somewhere to where I can't touch it, it's for emergencies only...or for like Christmas time or something. Trust me, this ALL works! It takes a lot of time but you will eventually get them all paid off. You just have to dedicate yourself and make more than one payment a month on them and DON'T TOUCH THEM in the meantime! I wish you so much luck and hope I helped! |
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rockyfella25
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B Because it will upper your credit score doing that, because they always go by ratio to debt to ratio to earnings. |
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