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Originally Posted by CollegeCutieUSF  You can also put yourself into one of those debt consolidation programs. You have to be in the program for x ammout of years, but they do all the dirty work and call the cc companies and get them to lower their rates and some lessen the ammout you owe, and this way you only pay one monthly payment.
OR... you could rob a bank or play the lotto. I'm in a similar situation, but with school loans... needless to say... short from selling my eggs, I don't see any other way out of the debt  |
PLEASE be carefull when looking into debt consolidation plans, do your research. I know someone who did that and they say it won't affect your credit but it does. They're basically forcing companies to lower their interest rate and or amount owed which for obvious reasons they don't like. It will not look good on your credit report. I would only do that if my only other option was bankruptsy.
If you could get all your credit card debt on one 0% interest card (read the fine print to see what the interest rate goes up to after the alloted time) and try to pay off the balance or big chunk of it within the alloted time that might be your best bet. Always pay more then the minimum due if you can. It's so easy to get too far into debt using credit cards, the balance adds up fast! Make a budget and a plan on how to pay it off and stick to it. Good luck!