Credit Card Debt Tips

instead of consolidating, what about paying them off?

2008-02-02 16:08:13 by PJ

Credit card companies are marketing to college students on campus and social networking sites. US News associate editor, Kimberly Palmer, examines ...

Right now, I have two main credit cards. One has a 7500 credit limit and the other has a 6000 credit limit. The balances on these are 7800 and 6700 respectfully. They are way over the limit and I want to get them down quickly. Should I put all my efforts into one of them or split it up between the both of them? Also, both interest rates are about the same.

I know this sounds crazy but see if you can open another card with the zero interest transfer
As long as these accounts are over the limit, you are going to have hell to pay since in addition to the (what I am sure are) VERY HIGH INTEREST fees you are paying over the limit fees which are about 30 bucks or more each month.
so lets say your payment is 120.00 a month the amount going to the balance is only going to be about 40 bucks. At that rate it will take you about a a year to get out of the over the limit fees if you just pay the minimum.

So please please please cut up these cards.
DO not use them again
next see if there is anything that you bought that you can return for credit back to the card. I dont care how much it is every little bit helps.
you can also see about getting a second job and using ALL of that money to pay the bills down
you can also
see if you have stuff laying around the house that you can pawn or sell on ebay.
are you expecting a tax refund|?
why not file at the end of this month and put the FULL amount to one of your cards.....
Do you eat lunch out every day?
why not brown bag it
cut out that soda from the vending machine
over a months time you can litterally save $150 bucks on lunches (fast food vs brown bag for a month)
There are other ways to cut spending.
Do you need 150 cable channnels
why not cut back to the basic channels for awhile (get rid of hbo etc)
got a crazy cell phone plan that costs you $100 per month, why not cut it down to a more reasonable fee
No new clothing this month at all
wash full loads of clothing only
No more heated dry on your dishwasher (air dry)
have a girlfriend
tell her movies are out for the next two months and you can date at blockbuster
you get the idea

2008-01-02 06:32:29 by Brian

Price: $15.95 $15.95

i'm thinking of using my savings.i won't have any left but at least the bill will be down.and i can always start saving again. this problem is stressing me big time.

1: Keep your savings - Suze Ormon who usually would tell you to pay it off is recommending to save your money and pay the minimum during this recession. "If you have an unpaid credit card balance and not much saved up in emergency savings I need you to listen up. My advice has changed. I want you to only pay the minimum due on your credit card balance and instead make it your top priority to build as much of an emergency cash fund as you can."

2: Stop using the card until you have payed it off in full.

3: DO NOT miss a payment - send the payment in as soon as you receive the bill.

2009-08-24 23:57:11 by lynda w

Price: $19.95

i have two credit card and have fallen behind on payments, im really behind on money right now! what should i do!!

I would consolidate them into one new credit card that offers a good deal, like 0%- 5.99% for a specific time frame. That lowers the monthly payment, and its only 1 bill instead of 2 or more.

2008-02-15 09:59:24 by Lizzo

i.e. any tricks they might pull to get you to pay more than the settlement price? The lowest they will settle (50%, 45%?) etc.

The drawbacks are that there are lots of sharks out here so you want to read up on it all so that you'll be able to find a good deal and not fall pray of any con artist.
here you'll find tons more info than I could possibly
write myself. It'll take a bit but it's your money and well worth
taking your time over it
http://credit-cards.ebookorama.com
and here http://finance.ebookorama.com
also plenty more to read here
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
good luck!

2006-10-30 12:10:11 by Ricky Jones