How can I get out of credit card debt with no extra money?

Answer 1

There are some free debt consolidation companies, depends on where you live. They will work with you and your debtors with no fee to come up with one monthly payment that is lower than what you pay now. Good luck.

Answer 2

Getting out of credit card debt with no extra money. That's a tough one. Without knowing your specific situation, I'll give you an answer that would apply to a broad range of people.

1. If at all possible stop using your card for new purchases.

2. Use a credit card payment calculator to find out how long it will take to payoff your card with the current monthly payment you are making. You can find a payoff calculator on http://www.credit-card-surplus.com .

3. If you feel the payoff term is too long try to cut some of your other expenses and make larger monthly credit card payments.

4. Apply for a 0% balance transfer credit card. If you qualify for a 0% balance transfer then more of your monthly payment will go towards principal for up to 12 months. This is only a good idea if you don't put any new charges on the new card.

I hope this helps. Good luck.

Answer 3

First, stop using your credit cards. Use this rule, if you need to use a credit card to pay for it, you can't afford it. Use cash only.

Second, take the total that you pay to your credit cards and re-allocate it by paying all of your cards the current minimums for everything and concentrating the remainder to the card with either the lowest balance or highest interest rate.

Third, pay off the card that you are currently making extra payments.

Fourth, repeat Step 2 and 3 until all cards are paid off.

Fifth (optional), find ways to reduce your spending and use those savings to help pay off your credit cards.

This isn't as easy as it sounds, but it will work.

Answer 4

First off shread up the cards and try to make the min. payment. When you want to go out to the movies or dinner don't put every extra dime you have towards those bills.

Answer 5

If you want to earn some extra cash while you're sitting on the computer anyway, you can fill out surveys online. They'll cut you a monthly check. http://www.*************/index.php?ref=82532

Answer 6

Debt consolidatioon is aimed at helping individuals with debts.

For more info with many articles:
http://www.freewebs.com/infosource100

Answer 7

here you'll find a few comprehensive sites that explain debts quite nicely.
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 lol, hope it helped you!