Best Way To Get Out Of Credit Card Debt

I started my own business and didnt borrow enought money from my bank to start up the business and now I have aquired a substantial amount of credit card debt. Does anyone know what companies will credit counsel me and help me get out of debt without using my house for colateral. My husband would kill me if he found out?
I have stopped charging i cut the cards up....but you dont understand.....Im having a hard time paying the minimum monthly payment. I need other help.

For one thing your secret from your husband is going to destroy both of you emotionally and financially so don't you think it's only fair to get him in the loop on your mistake if you are looking to correct it? Remember the "for better or worse" thing? So often people keep secrets from spouses and yet they are just as guilty. But, to answer your question you need to pay off those debts one bill at a time but STOP using those cards right now. If you cannot afford something, don't buy it. PERIOD. If you feel you need a consumer credit counseling agency, check out the link below. Forget about debt consolidation... that only spreads your debt around. You owe what you owe so make a plan to pay it by increasing your income or decrease your expenses. You dont have to close your credit cards but get them out of your wallet and out of your hands until they are paid in full. Now, get a good night's sleep and figure out how to turn your business around to make more money by investing less money into it or close it down. Too many people just keep adding to debt out of fear. Be true to yourself... and to your hubby!!!

2007-04-28 15:57:37 by juno

There is no best way to consolidate credit card loans, because this process accomplishes nothing more than placing a red flag on a credit score ...

I have 15k in credit card debt and i want to get rid of soon. I dont want to do go thru debt consolidation companys because it will have a negative affect on my credit. how should i start? payoff the ones with high interest first or what?

Try http://personal-financial-help.solutions articles.com they aren't that bad (7% for me) and definitely quick.
The Idea is to find a loan at less interests than you pay now, and fixed interests.
Credit cards can have high interests so it shouldn't be difficult to beat them, depending on your credit score.

2009-11-08 19:16:14 by Cee

Price: $14.95

I owe a lot on my credit card. I have good credit and I pay my bills. I am looking for a way to pay off my debts without going messing up my income. How can I pay off my credit card debt. My total debt is about $58,000

$58,000 in credit card debt? You've clearly been living well beyond your means. Spending a great deal more than you make. That must stop immediately. You must only buy things you truly need. No more dining out, no more drinking, if you smoke, quit. No designer clothes or shoes. No vacations. Cut way back on holiday shopping. Can you earn any more money? Overtime? A part time job? What about your car? What are you driving? An expensive late model car? If so, sell it and get a less expensive one. One that gets good gas mileage? Are you getting the drift here? Your life has to change. If not, that good credit rating you are so proud about will disappear. Good luck.

2008-08-27 19:19:39 by Susan B

Price: $3.97

And basically we don't want to go to debt consolidation since it affects credit scores then and can affect the rates you get for car loans, etc. and we make a good income but just have almost nothing left in disposable income after paying all of the debts and medical school loans. Other than living on much less, claiming bankruptcy, or getting a second job and applying all of this extra money saved to credit cards is there some other thing we are not thinking of that other Americans do to get out from under so much debt?

!. Pay off your debt.
2. Don't buy anything you really don't need.
3. Keep this reminder in a prominent place.

2009-06-20 21:58:45 by Sierra

I have accumulated nearly $25K in credit card debt and I want to lower my monthly payments and pay this off as fast as possible. The bank is offering me a loan for $25k for 96 months at $519 a month. I like the $519 a month but I calculated that and it comes to nearly $50k. Is there a better way to go about paying this off? PLEASE HELP!!

8 years is a long time to be paying off your credit cards!
If the rate is lower than what you are getting from the cards, I would take the banks offer and try to pay the loan off in 4 or 5 years (make sure that there isn't a prepay penalty). When you make your loan payment, add a couple of hundred dollars to it, specify that you want this amount to go to the principle. This will cut down on some of the interest that you will be paying for the life of the loan.

2008-04-11 12:21:19 by asker31