i have a 11 thounsand dollar credit card payment i need to do?

Question

i keep paying the minum how can i pay it off quicker ? and how can i make money to do so? i do sideline jobs etc but need to make even or should i do pay surveys or mystery shopping? its stressing me out

Answer 1

You can't pay the minimum and pay it off. This is what I did, I took the amount of my debt, divided it into 36, or 48 if you need to, then made that same payment untill it was gone, so if I started, lets say ten thousand in debt, thats $278 a month till its gone in thirty-six months, or $208 a month for 48.
Move your debt around your card to get the best rate, and be very strict about changing card when the teaser rates are done, this alone saved us almost seven hundred a year.
It goes without saying that you need to get your satisfaction out of seening the debt go down and not from shopping.
It can be done, I don't personally know anyone who makes money from mystery shopping unless they are hired by the company itself and not an online thing. You know you can make money dog walking and babysitting, at minimal cost to you,Good Luck.

Answer 2

First of all you should call the credit card company and negotiate a settlement. They can and often will settle for about 50% to 60 % of a payment offer if you explain your financial situation. Next you should consider a budget so this does not occur again. Lastly when you pay the minimum you will be in debt for a lot more years than you would like to be. You have to pay more to end the debt and charges more quickly. Finally until you work things out, I would say get a part time job or if you have other skills do sideline jobs so you can increase your payment. With this type of debt you will owe forever if you don't address it and make larger payments or other arrangement.

Answer 3

Mystery Shopping and paid surveys are not the money makers you hear people talk about. You can make some money, but it is directly related to how much you put into it.

Some MS Jobs are strictly reimbursement only, that is the only pay you get is the purchase you needed to make. Others will pay in the 7-20 dollar range. Yes, people have made 10,000 or more a year but they are also are putting in a 40-50 hours week to do that.

As for Paid Surveys they are also few and far between. First you must qualify for the survey. Second you must get to it before it fills up. As with the MS jobs the average survey is anywhere from $1 to $5.

For either of these or any other work at home job DO NOT pay for any fees up front. Any legitimate company will not require you to pay first.

A good site to get more information on MS is

http://www.volition.com/mystery.html

Answer 4

To abate or relieve the vicious cycle of compounding interest with minimum payments, you might want to consider a credit counseling firm. They negotiate the reduction or elimination of interest and this helps pay down the debt faster. However, it may mar your credit for a period because creditors often report folks paying through credit counseling similar to a Chapter 13 bankruptcy. However, there is less stress getting the debt paid off without all of the extra interest that accumulates. Working extra is a good idea as well except that could cause additional stress. Credit counseling will also help you learn to manage credit better. If it were me, I would go with credit counseling and not worry about a few drops in my credit score. Once paid, your account will actually improve your score.

Answer 5

Get to a Debt Counsellor
See a Credit Counsellor
Combine payments into EZ monthly payments.
CUT that card UP.
Pay more than the Miminums: IE 100, 200, 300.00 alone.
Your paying Interest alone now ONLY.
Yellow Pages
Online Yellow Pages
Get Help.

Answer 6

I make about $20 a month taking surveys...sounds like you need much more than that, but I do have a list of most of the ones that have payed me on the following site if you want to check it out:

http://www.windhavenweb.com/surveys

But I think what you need to do is talk to one of those free debt management places. If you get any extra money to put into it, pay off the one with the highest APR first--and just pay the minimum on the other ones until you pay that one off. But in the mean time cut those credit cards up and just focus on not getting yourself into any more debt. We're paying off ours, slowly but surely.

Answer 7

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Answer 8

It will take alot of paid surveys and mystery shopping to pay off $11,000 in credit cards since many of those things are really scams to get you to provide your email address or coerce you to sign up for cancellable offers that you can never seem to cancel. That wouldn't be the best route if you plan to even make a dent in your balances. Why not take on a part time job even if for minimum wage but devote every penny to your credit cards. Why not consider a part time business of your own that will let you earn 100% profits after taxes and expenses are paid and allow you sweet tax credits. What you do is entirely up to you and your skills, hobbies, etc. You might want to start living with less by making a conscious effort to reducing your existing expenses. Talk to frugal friends about how they balance their wants and needs. You may get some great tips on how to save $1 here and $2 there. Those dollars add up. What are you spending money (or credit on) that you could curb? Are you going out to dinner (or lunches) too often? Can you cut back on smoking? Do you have all of the bells and whistles from your cable and cell phone carriers? It's up to you to set your priorities and rearrange your life and lifestyle so you get out of debt and have money for emergencies instead of relying on credit. When you look at the amount of money you pay in interest charges to your credit cards each month, you will see a nice amount of money that you could be socking away to earn 5% on rather than paying 12+% on. It's up to you to be honest with yourself about what you can do to get your finances back on track. Make a plan and stick to it.

Answer 9

If you like to work from home, check out these two sites below. You will find some great online job opportunities, money making ideas and free resources to help you get started.

http://homebizforall.blogspot.com
http://homebizgurus.blogspot.com

Answer 10

I suggest you doing paid survey...