my credit card bill is very huge, which is impossible to repay by me... how to avoid that?

Answer 1

You can't avoid paying it. About a year ago, at the urging of the credit card companies, the ability to wipe out credit card debt with a bankruptcy was take out of the law.

If you ran up the charges YOU MUST PAY THE BILL.

Answer 2

If your interest rate is high, the first thing to do would be to see about getting a lower interest rate.
I got a free balance transfer from bank of america.
This account has zero interest for the first 12 months. bank of america 1800 732 9194.
If you transfer your balances at least you can freeze the interest payments and know that ALL of the money that you send in will go directly to the principal.
Consider using ALL of your tax refunds towards lowering your debt.
Find ways to lower your outgoing money.
Maybe you can eat out less, use coupons and get a second job....no time for a second job, consider giving plasma (yeah it sounds bad but you can 'earn' up to $250 a month by doing nothing more than laying on a mat for a few hours a month).

There are 24 hours in a day and you can get buy sleeping only 6 of them....that leaves 18 hours for you to work.

It does not have to be a traditional job, why not look thru your closet and put some of the extra things on ebay to sell them.

One month when I was going thru some hard times, I was able to make OVER $500.00 selling clothing that my son outgrew that I was too lazy to take to goodwill.
THis helped me a great deal and might give you some breathing room.

If you celebrate xmas, start now putting some money aside to pay for that so that you wont have to incur any more debt at the end of the year purchasing gifts.
YOU CAN DO THIS!

Answer 3

You avoid it by not charging things on your credit card. Don't buy things that you can't afford.

The only way to get your credit card debt lower is to pay it. You need to be making MORE than the monthly minimum payment. A $5000.00 credit card bill will take about 12 years to pay off if you are only paying the minimum payment. Not to mention, by the time you've paid it off with all that interest, you've wound up paying them about $10,000.00.

Call your credit card company and try to work out a payment plan at a reduced interest rate.

Answer 4

You need to call the credit card company and work out a payment arrangement. Many times companies are willing to lower your monthly payments or the interest rate because they figure getting some money is better than getting no money. You need to call them immediately. If you do not pay, your credit will take a nose dive and it will make your life much harder. You will have difficulty securing a place to live, purchasing a car and many many other things. Credit is very, very important!

Answer 5

Did you for one monent think of befor you spent the money the type you have been going to pay returned the credit card enterprise or did you basically spend,spend,spend ?. you're able to call the credit card enterprise and make a cost plan with them.I have been given myself interior a similar boat so I dont declare i can stroll on water.

Answer 6

Get a debt consolidation loan. Try the below company for rates and payments comparisons

Answer 7

Best thing is to curb your expenses. Buy only when you have cash ? Keep the card at home while going out.

Answer 8

Stop spending! Pay it down little by little. Transfer to a lower rate card,if you can.:-)=

Answer 9

Pay it and if you keep using a credit card.......never ever spend mora than what you earn!

Answer 10

only purchase items of which u can afford to pay for ...

it is called "living within your means"