epoulin
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You want to use a debt elimination calendar.
Check out this blog entry for example and details.
http://calendarbudget.com/wordpress/index.php?p=14 |
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theosharatos
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First cut up your cards, then find a way to supplement your income to pay it off before you go further into debt. Jennifer |
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lzc5wh
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There is a great place to go with this. I was in a very similar situation.
This is getting help from real people without the use of banks or credit card companies. Good Luck!
http://www.prosper.com/join/lzc5wh |
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Annie
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first pay off the card with the highest interest rate, or call the credit card companies and see if they would lower your interest rate, some could give you a 0% APY for a couple months. Most important thing is to ALWAYS make the minimum payments. |
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StephanieS
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1. send them money
2. stop charging |
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bdancer222
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First, sit down and make a strict budget. Eliminate all the extras -- premium cable and internet, cell phone , eating out, new clothes, etc. Take every penny you can squeeze out of that budget and put it on the highest interest rate card, while making minimum payments on the rest. When the highest is paid off, go to the next till they are all paid off.
I would probably pay off that $90 first just go get it out of the way.
Get a second job and throw that money at your debt.
Only charge what you can afford to pay in full at the end of the month. |
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My midpt. in life.
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first step.
cut the cards up or
put them in a dish of cold water and stick it in the freezer.
you need to stay away from your money.
Next time you take on dept, make sure you KNOW how to pay that stuff off, because you cant afford to be back here again. |
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Brandon
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The only thing you can do is send them the Money or get a loan or something.
I hate credit cards. |
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jason a
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If you can get a home equity line, use that to pay it off.. pick up some extra hours at work, cut your budget back, eat in, instead of out... save every dime you can to get it paid off. Sell stuff on Ebay, use the money to pay the credit cards off. |
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Bryan A
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Hey baby... sorry couldn't resist...
Generally, when I advise people on debt management, I start with looking at interest rate. The highest interest rate cards are usually the best candidates for being paid off first. Also, the amount of the minimum payment matters a lot too, because the sooner you can pay those off, the sooner you can improve cash flow and commit more money to saving and further debt relief.
If you can pay off the $90 card in one fell swoop, do it. Then use that same $90 each month to go toward the highest interest rate card and/or highest payment amount card. You'll start to see the snowball this creates as you pile more and more money onto the debt as it getsdown farther and farther. It's a really great feeling!
Good luck! |
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LW
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First of all pay off the $90 in full. Then see if you can find a 0% transfer balance to transfer the 3 of them all on to one card. Some companies have good deals if you can do this. Try to get the lowest APR. Call them and see if they will lower it, that will help in the meantime. Then you will only have one bill each month and pay the maximum you can afford. In the future try to use only one credit card, the one with the lowest APR and try to pay it off monthly. |
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Big Bully
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Ouch! start with one card at a time. pay the most you can till the card is paid off and move to the next. |
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Rosy T
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I suggest you first kill of the credit card with the $90. This will be one last minimum payment you will HAVE to give.. after this take the amounts owed on each card and divide it by the monthly minimum payment... for example if on card 3 that you owe $640 say your min. payment was that of 20 then the number you'd get would be 32 (640/20=32).. do this with the three cards you owe and write down the number you get from each.. now you would pay your cards in this order (from the smallest number you get to the largest) yes?? This is one of the ways that I read about. There are many other ways too.. for example I have also been told to pay them from the highest interest rate to the lowest... just stick to not using them again. Good Luck |
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southernguitar
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First credit card $90....pay $30 for the next 3 weeks to them
Second credit card $640.....pay $80 for the next 8 weeks
Third and Fourth credit card....try to consolidate to one payment with a low interest rate.. |
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Kitkat
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Oops |
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