Answers
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.
wp.me So, I'm guessing that you've got some credit card bills you're looking to take care of without paying? Join the club! It would ...
I was working a job, $12/hour and living off it, or not, and ended up $3,000 in credit card debt. I just started a better job at $18.5 an hour and need advice on how to best pay off that debt. Wait till the end of the month and use left over money? Pay at each paycheck? How much at each paycheck- a set amount or as much as I can? How do I stop from recharging? I have considered cutting it up but I want to keep it for emergencies or what not, and I've tried freezing and having my boyfriend keep it without success. HELP! Thank you :)
Also, it is all on one card- nothing to really consolidate.
To stop charging: Take the credit card out of your wallet. Get a big bowl. Fill the large bowl with water. Put the credit card in the bowl. Put the bowl in the freezer. You still have the card -- but have to thaw it out before you can use it. Then you have to decide if it is enough of an emergency to thaw out the card.
If that does not work.....then you don't want to be out of debt.
You are in debt because you chose to be. You chose to have a life style that involved debt. You refuse to make the changes to your lifestyle that are needed to get out of debt. I highly recommend Larry Winget's book: Your Broke Because You Want to Be.
Debt is like fat. It takes time to gain it. It takes time to get rid of it. Either way, you have to work hard - make sacrifices and life's not fun while you're doing it.
If you are fat - it because you chose to be. You chose not to make good fat choices. You chose not to exercise. You chose not to do what it takes to get the weight off. (I know....I battle the bulge). Well. Debt's the same way.
Stop making excuses. Stop spending. Put all extra money on the debt. Accept responsibility for your financial decisions.
AMEX decreased my credit limit, increased my interest rate than charged an over limit fee when the new finance charge took me over the new credit limit after I paid $2000 the previous month. They did all this without contacting me until I received the bill. Is this legal? What recourse is available?
You may wish to call them and give them one chance to be reasonable. If you are a good credit risk and can routinely send higher than minimum payments, then they should accommodate your needs. Otherwise, it sounds like they may be reacting to one of your other accounts listed on your credit report, or they simply are uncomfortable with how close you are to the credit limit.
Sometimes creditors will do this if you are making only the minimum payment each month. MBNA used to do this, calling it a slow pay account, whenever only the minimum payment was sent in for 6 consecutive months. This can be one of the factors mentioned within the universal default clause on your agreement with AMEX.
I want to eliminate the rest of my credit card debt. I see the ads for debt management services where they work with your creditors to reduce your interest rates, then combine all of your debt together, where you pay them one payment per month. My husband thinks this will reflect negativly on our credit report. Has anyone ever done this, and were you succesful in eliminating debt? Did it affect your credit rating in a nigative manner? I think that most people in America today, have alot of consumer debt, but I see many poeple who aren't worried about it, and only pay the monthly minimums each month. I have been there before, but I am ready to pay it all off. What do you think? I would love to hear from anyone who has used these services before, or any other great idea to pay it all off, without taking out any more loans. Thanks!
well, I don't promise anything but
people in debt often seem to find some help here :
http://credit-cards.ebookorama.com
and here http://finance.ebookorama.com
good luck!
Get Great Debt Relief – Let a Government Grant Eliminate Your Debt ...
Getting out of debt can be done but you need to have a plan to get you there. Using government grants can help you to pay off the debts that you have and can get your to a better financial situation. If you have used your credit cards a lot lately and have become in debt then you need to a great solution to eliminate it and have no more credit card bills.
Find Free: Government Grants Now
You can search for free grant money online and it is not hard to receive it when you find the right grant for you. It is important to gain some knowledge before applying for this free money and it will help you to get approved. We all know what it is like to not have enough money to buy things we want or need. It is easy to take out the charge card to get these things but it is easy to get over your head in debt.
...News
New Fed Rules Bad News for Store Credit CardsCredit Card Guide News - Dec 24, 2009
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One monthly payment, debt elimination, debt management, consolidate your credit, etc. A debt consolidation plan allows you to pay back the total debt amount Credit Card Debt Services - Find a Way Out of Credit Card DebtCredit Card Debt Info - What You Need to Make Out About Credit Card DebtPersonal Debt Relief - Capitalize on the Recession to Achieve Financial Freedom - -all 29 news articles »
The City Wire - Dec 24, 2009
I guess 70% of US people have credit card debt.Thus I want to help people for eliminate credit card debt by provide free debt counselling services.MarketWatch - Dec 23, 2009
"Save more" or "Pay down debt," or "Increase your net worth" were a lot easier to achieve than "Increase savings by 10%" or "Eliminate $6000 in credit card and more »Consumerism Commentary (blog) - Dec 24, 2009
Every month, a new credit card statement. Every month, deeper in debt. No rich parents to fall back on, no income, and yet I still had to buy food and payJamaica Gleaner - Dec 23, 2009
With a mounting credit-card debt, and other obligations, the father continues to increase his borrowing. Finally, it's crunch time and the bank advises that and more »BigNews.biz (press release) - Dec 19, 2009
You have no other alternative but to eliminate your unsecured debt in this situation. The process of eliminating credit card bills is very simple and it is Is Free Debt Relief better than Credit Card Debt Counseling ?Eliminate Your Unsecured Debt - Sensibly Consolidate Then Eliminate Your Getting Out of Debt - Do Away With Credit Card Debts and Manage Your Credit - -all 15 news articles »