Best Way To Eliminate Credit Card Debt

Ask lenders for agreement to delete this items from your credit report when paying them. I recommend to get such agreement thru credit repair agency, for example this one - creditreport.imess.net

2009-02-14 06:05:31 by Jacqueline B

www.diydebtelimination.com - learn why DIY debt elimination is the best way to eliminate your credit card debt. Save at least $1125 in debt ...

CCCS is definetely the best way to go. They will review your debt situation and honestly tell you if you are too far gone for Credit Counseling or Debt Settlement and need to consider Chapter 7.

Watch out for the fly-by-night counseling services. Many of them charge exhorbitant maintenence fees to simply hold your money for you.

The best place to start is The National Foundation for Credit Counseling at http://www.nfcc.org. From there, you can find your local CCCS agency.

2006-06-13 00:55:49 by dedee

If you currently have a lot of money charged on your credit card and want to stop paying large amounts of interest the easiest option is to transfer the balance to another credit card with a 0% introductary rate on balance transfers with no balance transfer fee. Discover card has such a card, just visit their website and you can apply online. They don't charge any fee to transfer the balance and they don't charge you any interest for 12 months! Pretty good deal to eliminate your debt by making monthly payments and not paying any interest. In 12 months you could transfer the balance to another credit card that also charges no interest or balance transfer fees.

2005-12-16 18:42:59 by thebeatles19

Enter your debts into this calculator, then enter how much over the minimum you can pay. It will give you a monthly payment schedule. If you stick to it, you will be out of debt in the time it says. Be honest with what additional you can pay each month - it doesn't do any good if you can't keep to the schedule. Good luck to you!
http://debt.bizcalcs.com/Calculator.asp? Calc=Debt-Elimination

2007-06-23 12:59:32 by Monne

I'm in way over my head, as some would say. I owe a little over 5 grand on my primary credit card and the max is $5,300. I owe about $500 on another, and $400 for a traffic citation. What should I attack first? I have a little over $2,000 available. Thanks for your help.

try this and you will save a lot, reduce your debt and improve your credit rating.

1) pay the traffic citation.
2) transfer your 5500 balance to a new credit card that offer 0% INTRO APR with 12 months INTRO period. get one if possible one that don't charge annual fee. if you can get the new card regular APR that is lower than current it would be great.
3)pay on-time minimum fee every time. make this a priority. try to set aside 2 months minimum fee in your safe. don't use all the 2000 to pay the balance. you won't accumulate new interest because the 0% APR so no need to rush. at least you can buy time to produce more income to pay the balance.
4)before the end of the INTRO period transfer your balance to another new credit card with the same features or better if you can find one.
5)repeat step 3 and 4 until you pay all the debt.
6)make sure you don't accumulate new debt with new purchase because 0% INTRO APR usually only cover transfered balance.
7)credit card is an advantage if you play the game right.
it is a working tool to establish high credit rating which allow you to obtain finance easily which mean lower interest rate than credit card.

hope that helps a bit.

2007-09-14 10:06:56 by Brad