I am wondering how to pay off a remaining sum on my CC
I pay it off each month but end up always surpassing the limit on my credit card. I want to be able to pay it completely off.
I can't imagine setting aside a 100 a month due to the fact that I am constantly paying off the remainder of what I owe.
thanks for reading my question.
2007-03-25 01:57:53 · 7 answers · asked by Raver Xeno 4 in Business & Finance ➔ Credit
yeah thanks for your outstanding sarcastic remark (first guy)
way to go buddy
2007-03-25 02:04:49 · update #1
I'm not clear on what it is you're currently trying to do to get out of debt. You say, "I pay it off each month" which to me means that it's at a $0 balance at least once each month. But then you "surpass" the limit, meaning that you plop down all your money in paying it off and then don't have money to live so you have to live off the card again?
Well, in that case, pay only half of it, live off ramen and water for a month, then pay the other half the next month.
Or is there something else between the lines that I'm missing. If you need more help or advice, feel free to IM or email me.
2007-03-25 11:20:21 · answer #1 · answered by calliope320 4 · 0⤊ 0⤋
Firstly look at your financial management. Maybe you need to constrain your spending for a while to achieve this.
You can also contact the bank of financial institution that gave you the credit card and talk about ways to manage your credit card better.
You really want to do this, because if you find you can't pay at some time, you might lose your credit rating. Currently, paying off your card is helping your credit rating.
2007-03-25 09:11:14 · answer #2 · answered by flingebunt 7 · 1⤊ 0⤋
It sounds to me that you are not clear about how you are spending your money. If I am correct, that is the first thing you need to address. If your spending is out of control, nothing will help with your debt. If you have a budget and are spending less than you earn, you may consider a part time job until you can pay off the card.
2007-03-25 10:10:08 · answer #3 · answered by STEVEN F 7 · 1⤊ 0⤋
get a personal loan and pay the credit card immediately:
There are 2 types of personal loans – secured personal loans and unsecured personal loans. Secured personal loans require you to pledge any of your assets like you house to the lender as collateral. Many people choose this type of loan due to many benefits like lower interest rates, long repayment time and easy terms and conditions. But your asset is under threat if you cannot make timely payments. Your asset can be taken over by the lender and thus you lose the possession of it.
Unsecured personal loans do not have any risk since you are not pledging any asset. But you pay more interest due to higher interest rate, short repayment time and rigid terms and conditions. If you are a tenant or homeowner who does not want to take the risk with your property, choose this type of loan.
2007-03-26 07:41:20 · answer #4 · answered by hendy h 2 · 0⤊ 0⤋
I am not sure how much your interest is or how much your payment are, but if you are only paying minimum payments it will take a long time to pay off 1000.00 debt. If you really want to get this monkey off your back, try to set a goal and stick to it. Make triple payments if you can. This is how the credit card companies become rich and you get poor.
Good Luck.
2007-03-25 09:07:31 · answer #5 · answered by devilgal031948 4 · 0⤊ 0⤋
Cut up the card and stop spending. Or go rob a bank.
2007-03-25 09:09:20 · answer #6 · answered by Neo Q 3 · 0⤊ 0⤋
STOP USING THE DAMN THING!!!!!!
2007-03-25 09:03:56 · answer #7 · answered by Chaosman 3 · 0⤊ 1⤋