What is the fastest way to pay off credit card debt?

Answer 1

Try cutting expenses.
This is easier than you might think.
If you eat out everyday, try eating out 2 a week and taking your lunch on the other days.
Do you really need 300 cable channels?
If not cut your cable lineup alittle
Can you switch to a NO interest credit card (I just got one from bank of america 1800 732 9194 and they gave me a no interest free transfer)
Can you have a garage sale or sell a few things that you dont use anymore on ebay.
$100 a month (which is not unrealistic) would put a HUGE dent in your credit cards if you were able to apply that on top of what you are already paying.

The most important thing is YOUR DESIRE!
Since you have that, the rest is EASY and you can do it~
GOOD LUCK~

Answer 2

1. Never pay the minimum. At the very least, whatever your payment was this month, continue to send from here on out. Each month the minimum payment gets smaller as your balance gets smaller so you never get anywhere. By paying a set amount, it goes down faster.

2. Transfer to a lower interest rate so more of your money goes to the actual balance. Some cards now pay a referral fee for anyone you send that gets approved. Mine pays me $10.

3. Try to apply as much extra money on top of your payment as you can afford. I have listed a free internet based business below. Last month, I made $600 and applied that toward my credit card debt payment. This month I'm on track to do the same. This works.

Answer 3

concentrate on one card at a time - the card with the lowest balance and pay 25% per week, don't make just payment a month.. Pay the minimum balance on the others.

SAy you owe 500 on your master card, 2000 on your visa and 1100 on your discover

Pay the minium on visa and discover, start with knocking off the mastercard first

let's say you can afford $100 a month on your mastercard. stagger the payments so you pay $25 a week.

Answer 4

Absolutely NEVER pay the "minimum amount due" on the bills they send you each month. Whatever extra you pay on top of the "minimum amount due," goes straight to the "principal" (the cost of whatever YOU charged to the card.) That "minimum amount due" is not even close to being half of principal; the rest is interest that goes to your credit card company. The more principal you pay down, the less interest they charge, as more principal owed = more interest they charge on what you owe. Heck, pay them something even when you don't have a bill due--that goes strictly to principal too.

NEVER EVER pay the minimum amount due!!!

Answer 5

well i like to start with getting a job