2007-07-06 03:35:37 · 38 answers · asked by sanju 1 in Business & Finance ➔ Personal Finance
First off...practice some self-control. Quit spending. If your spending ur credit card money on bills...u need to down grade ur living style.
Find a good credit card with 0%apr, Chase Credit has a good one. Transfer all other credit card debt onto the 0% one. Pay as much as you can for that year, if you still have a balance after a year, when the intrest kicks in, find another 0% card and transfer again, that way you can pay off ur debt with no intrest.
Oh...and cancel all other cards...only keep the one with 0% until paid off!!!!
2007-07-06 03:40:17 · answer #1 · answered by Anonymous · 1⤊ 1⤋
Stop getting new ones and pay them off ASAP. Trust me I learned that the hard way. In college I went all crazy with the spending on my credit cards and because of interest my debt grew from $1000 to $3500 in like 2 years. Its never going to end until you pay them off. Luckally I met my fiancee who is very money wise and he had us pay them off immediately. But you need to get them paid of you will not be able to get a mortgage or car loan or anything and the balance will just keep growing and growing and growing.
2007-07-06 03:40:09 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Put them all in a drawer
Go and seek some help about balancing out your financial life. Whether you have a spending problem I can't say - but you definitely have a problem, and if you would like to keep those cards, and a good credit rating, bring someone in who can help you get out of the situation you're in.
2007-07-06 03:38:36 · answer #3 · answered by Uncle John 6 · 1⤊ 1⤋
Stop spending so much money on things you don't need for starters. Consider how much stuff you own that you really don't need. You need to be accountable for what you owe. So go get your credit cards consolidated into a loan that you repay on a monthly basis and start living about 5 times more modestly.
2007-07-06 03:39:14 · answer #4 · answered by largegrasseatingmonster 5 · 1⤊ 1⤋
Well, I'd stop spending so much money and get new cards! You shouldn't use your credit cards all the time for almost every purchase you make! All that spending will creep back up on you in your next bills. Not good.
2007-07-06 03:39:23 · answer #5 · answered by Ali 2 · 0⤊ 2⤋
1. stop using the credit cards
2. call your creditors and make payment arrangements
3. seek credit counselling - you may be able to get lower interest rates &/or more favorable repayment plans
4. change your lifestyle so that you don't need to use the credit cards
5. cut up all but one credit card and inactivate the accounts so that they can only be paid on, not charged to
2007-07-06 03:46:30 · answer #6 · answered by Act D 4 · 0⤊ 1⤋
First of all I think you need to consolidate all the credit cards into one and start paying it off. You could go to the credit card company you like the most(lowest interest rate) and apply to carry over the balance of all your credit cards to it.
If you can't do that a debt councilor can help you do it.
2007-07-06 03:43:10 · answer #7 · answered by In so many words 4 · 0⤊ 2⤋
Declare Bankruptcy!
2007-07-06 23:33:09 · answer #8 · answered by Michel 4 · 0⤊ 1⤋
1) try to get a consolidation loan to transfer the balances off the cards to one installment loan.
2) engage the services of a Consumer Credit Counciling service. They will negotiate with your creditors so you will pay less interest, no negetive marks on your credit report AND you will only have one payment a month.
For example, http://www.creditadvisors.org/index.asp?ref=002&kw=476
or www.cccs.org
2007-07-06 03:39:25 · answer #9 · answered by smckech1972 4 · 2⤊ 3⤋
You should now pull your head out of wherever you have had it buried and realize that you can't live indefinitely on borrowed money. At some point you must pay it back along with the interest that has accrued.
Time to start living within your means....
2007-07-06 03:38:38 · answer #10 · answered by Anonymous · 2⤊ 2⤋