What is your way of getting out of credit card debt?

Any tips, suggestions, ideas to help pay off credit card debt in which so many Americans get themselves in.





I have a debt of about just $1300 which was about $2000 in the summer, I'm currently working and paying more than the minimum. Is it better just to pay the minimum, set the aside money each month then pay off the whole thing?

What is your way of getting out of credit card debt?
It is NOT good to carry credit card debt. Well, I guess it's good for the bank which charges you interest, but it doesn't do you any good. It's pretty basic -- you pay as much as you can each month until the debt is gone. There's no point to saving money to be paid on your credit card later because that's only going to cost you more in interest.





It's smart to pay more than the minimum and your goal should be to pay it all as quickly as possible. I think it's great that you want to get your debt paid off - it's a good attitude to have.





In my experience, people who get comfortable having credit card debt will increase the amount they owe as time goes on. Instead of thinking what something costs in total, they start to think "Oh, that will only be $3 a month." Instead of being aware of how much they owe in total, they only worry about making the minimum payment. And unfortunately, one day they realize they owe half a year's wages on credit cards and it will take them many years to pay them off if they never charge another thing.





Good luck with your plan to become debt-free!
Reply:Its good to carry some credit card debt. Its better to pay at least double the minimun payment more if you can afford too. Minimun doesnt cover anything and more and more interest adds on with each day.





Check out.this site. I love it, payment calculators on tons of different loan types.





http://www.dinkytown.net/debt.html
Reply:It is better to pay as much as possible. When you pay the minimun sometimes that does not even cover the finance charges and you are getting deeper and deeper each month.
Reply:Consolidate through a credit counseling company - this is how I got out of debt. They put it all together %26amp; my bill was $10 a month.....I eventually got more money to pay it off faster but that's what I started at.

tanning