What is the best way to lower credit card debt?

I owe about $1,000 something on my credit card. Whenever, I pay it off, it always seems to stay at the same balance. What do you think I should do to help me lower that debt? Thank you! :-)

What is the best way to lower credit card debt?
Well you sound like you're only paying the minimum. For starters, if you've always paid on time, try calling the credit card company and see if you can lower the interest rate. That will help you pay if off faster. Then try your best to pay MORe than the minimum payment. $1,000 isn't really that bad compared to some people, so this won't be too hard I promise. :)
Reply:1. Pay off your highest rate cards/debts first. STOP USING CREDIT CARDS and pare them down. Revolving credit is a kiler to your budget.


2. Contact your debtors and see if you can negotiate a lower rate of interest in return for discontinuing use of the card.


3. Some agencies offer debt counseling at no charge. Check with your local social services agencies and other non-profits in the area to see if they can help or provide referrals.


Good luck.





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http://www.bestcreditrates.net
Reply:It sounds like you're paying the minimum payment. That will not make it go down. You have to pay at least 5 times the minimum to make that debt go away. For example....if your minimum payment is $20.00 per month, pay $100 per month. It's that simple. If you pay 100 per month, you can make the debt go away in 10 months. If you can pay more, you can make it go away sooner.





Idea- pay it down with your tax stimulus check.
Reply:Stop using the card. Use a debit card and buy only what you can afford.
Reply:Pay all, don't use it.