Can someone tell me the best way to pay off credit card debt?

I am open to debt consolidation loan or whatever. Whats the best way and who do I need to contact?

Can someone tell me the best way to pay off credit card debt?
1. Stop using your cards


2. Call your creditors and ask them to help you by lowering your interest rates. If they won't then pay on time and try again in a few months.


3. Check into a personal loan to pay them off


4. If you can't get a loan then start with either the smallest balance ( to keep you motivated when you pay it off) or the highest rate card. Try to pay at least double the minimum payment or more until that card is paid off. Pay your other cards on time but only the minimum until the first card is paid off. Then move to the next card with its minimum payment plus the double amount from the first card until it is paid. Then the third card you do the minimum+ the payment amounts from the first two cards and so on.


It will take a long time but you can do it. Keep looking for lower interest options but keep paying a higher amount.


There are several good books at the library on how to get out of debt


I had $17,000 6 years ago today I am debt free and only pay with cash!
Reply:You can visit http://www.cashguru.info and find very useful tips and several articles on debt consolidation. Report Abuse

Reply:Old trick: pay double minimum payment.


Result: paid in three years.
Reply:Credit card debt is one of the worst. The interest rates are through the roof. Maybe you should think about debt consolidation.


Read some of the articles at http://www.hammocksurvivalguide.com/ on debt relief and debt consolidation. There's lots of good advice and tips there that you might find extremely useful.
Reply:Start paying bills. Cut your expenses. Save money to pay your debts off.
Reply:You can try to get a consolidation loan but beware of the biggest pitfall with this...continuing to use the credit card(s). The best plan is to pay off the smallest balance first. Next, take the money you were paying to that account and apply it to the next largest balance. Continue with this process until you are free from debt or in better control of your finances. Good Luck!
Reply:I don't know, I was smart enough to see the high interest you pay on a credit card is not worth caring over the balance every month.


The only suggestion is focus on one card monthly by paying more into it. You can look at loans from banks or credit unions with lower interest rates. Christmas is coming up, instead of gifts ask for money.





You should make this a learning experience. In the end its you that has to pay these cards off .
Reply:Bad credit is one of the worst problems to have... however there exists a solution.





I will hereby talk from my personal experience.





I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,


if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,





a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :





http://umgarticles.atspace.com/debt-cons...





if it helps kindly remember me in your voting!.. cheers!