how do i pay may huge amount of credit card bills? its dues are above my net take home pay?

Answer 1

talk to dave ramsey, or buy his book...He is the financial guru...

Answer 2

How on earth do you charge up more than you make?!?!?!?!

The minimums are a small percentage. That means that you must consistently charge more than you earn. Yikes!

Call all of them and work out a payment plan and try to get your interest lowered or stopped.

Then, make the minimum payments on every one of them. On the lowest dollar value, put all your extra effort toward paying it off. Once it is paid off, then roll that extra money to the next largest balance. Continue this snowball until all your debts are paid off.

You probably need to cut your expenses back to the bare minimum. Get rid of cable, cell phones, internet, etc. Lower your electric bill, gas bill, water bill, etc. Don't eat at a restaurant until your debts are under control. Take a sandwich for lunch. Cancel the gym membership.

Try to increase your income by getting a second job. If you have a car with payments, get rid of it, and buy a good dependable used car for CASH.

Go to the library and get "The Total Money Makeover". Read it and follow it carefully.

Go check out Dave's website as well.
www.daveramsey.com

Answer 3

And if you really need help, check out this: http://www.nfcc.org/ . Consumer Credit Counseling Services (CCCS) is a non-profit company, offering free counseling. They also have a debt management program available. They can look at all your finances and advise you how to proceed.

Answer 4

Have you thought about debt consolidation? This might work for you and make your payments more affordable. Try to be careful and don't sign up for any more credit cards. Pay your debts each month and try to reduce your spending.

Answer 5

just pay at least the minimum payment due. expect for charges on unpaid balance.

Answer 6

Rick B said it ALL!!! Very sound advice.