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I have a few credit cards and was wondering if anyone had any good plants to minimise them quickly?

2006-08-28 16:48:54 · 24 answers · asked by Manda A 1 in Business & Finance Credit

24 answers

hi there! Well just send them the full amount, that will do it!
Having said that, I have been posting these links below to people with similar problems and I am getting tons of best answers, not sure which one of them is doing the trick though just take your time and go through it you are bound to find what helps you out!
http://credit-cards.ebookorama.com
http://finance.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
if you get any luck please don't forget about me, hope it helped you.

2006-08-30 12:03:59 · answer #1 · answered by Anonymous · 1 0

I cash in my retirement, along with paying the penalty fees.

Retirement was not giving me more than 8 %, not to mention that I would have to pay taxes which is about 30 %.
With the credit cards, I was already paying 10%, so I got rid of the retirement.
Nowaday, no debt, more freedom to go out. I was free from my old rotten job where my new boss was constantly harrassing and threatening me, nonstop on a daily basis. I was basically shaking, and all of my doctors told me to get out before I lose my health. I quit, and my finance had given me the freedom to choose to save my health.

Now when I get a job, I will be able to put money aside. Currently, I am happily living off with what I have left.

2006-08-28 17:10:12 · answer #2 · answered by SweetBrunette 5 · 0 0

The best strategy is to consolidate the debt. You can do this by either transferring the whole lot to a single card which has a low interest rate, or taking out a personal loan to pay out the credit cards.

This will save you money to start with - the personal loan and the low rate cards will save you money on interest and annual fees.

Once you have consolidated and cleared your cards, cancel them - why do you need so many cards? It is only an enticement to get yourself into debt again.

Next you need to set up a strict budget. Find out what you can afford to pay each week and have your employer pay it directly into your loan or set up an automatic debit with the loan provider. If you never see the money it is easier to stick to your repayment plan.

2006-08-28 17:15:24 · answer #3 · answered by kimberhill 5 · 0 0

http://www.nohasslebargains.com/loan/clear_credit_card_debt.html
Clear Credit Card Debt
Financial Services

2006-08-29 01:36:37 · answer #4 · answered by Anonymous · 0 0

find the one with the lowest interest rate and transfer the others to it. This will lower your finance charges. then pay at least double the minimum payment (paying the minimum will keep you in debt forever). If you get a credit card application that offers 0 interest on transfers for a year or so, get that card and transfer balances.

Of course, you've got to STOP using the cards in the meantime, or forget the whole thing.

2006-08-28 16:56:25 · answer #5 · answered by lucyanddesi 5 · 0 0

Pay the minimum on all of the cards, and the maximum on the one with the lowest balance. Once that is paid off, take the money you put on that one and pay the maximum on the one with the second lowest balance.

There's something psychological about being able to eliminate each of those bills that keeps you on track.

When you pay off the card, DO NOT CLOSE the account - keep it open, but don't charge anything on it - otherwise your FICO score gets screwed up (credit rating).

2006-08-28 16:56:02 · answer #6 · answered by Anonymous · 0 0

Call credit counseling services- probably 2 1/2 years tops to pay the cards off. Will stop all late charges, if any. CCS

2006-08-28 16:57:36 · answer #7 · answered by Jim S 1 · 0 0

First, cut up the cards and stop using them. Then, pay more than the minimum amount due. Pay more on the cards with higher interest. When those are paid off, apply that excess money to the other cards.

2006-08-28 16:51:58 · answer #8 · answered by Anonymous · 0 0

You take the highest interest rate card you have and pay them as much extra money as you can while continuing to pay minimum payments on all of your other cards. Then you do the same for each card until they're paid off.

2006-08-29 08:59:34 · answer #9 · answered by Big Bear 7 · 0 0

Consolidate your debts:

Ways to Consolidate Debt
http://www.debt-explained.com/category/Ways-to-Consolidate-Debt.html


Credit Card Debt Management
http://www.debt-explained.com/category/Credit-Card-Debt-Management.html

2006-08-28 23:36:34 · answer #10 · answered by Anonymous · 0 0

Go to a bank and have them consolidated, then you have one payment a month with a much lower interest rate. But the bank will cut up your credit cards.

2006-08-28 16:58:44 · answer #11 · answered by Mightymo 6 · 0 0

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