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I have had about $ 900 C.C. debt for almost a year now! I am in college and only work part-time at a crappy minimum wage job right now. I am looking for a full-time job for the summer, hopefully I will get one soon. Just wondering what my payments should be if I want to get out of debt in a reasonable time? As soon I am done with this debt, I am cutting up my credit card. I learned my lesson!!!!!!

7 Thoughts on College student: How to get out of Credit Card debt?
  1. Reply
    cyanne2ak
    August 28, 2011 at 11:16 pm

    You should pay at least $ 350 a month on it over the summer. The FASTER you pay it off, the less money you actually pay. If you can’t do it that way, take out a private student loan to pay it off with.

  2. Reply
    ÷É╝^ǃÀ
    August 29, 2011 at 12:07 am

    Be thankful it’s only $ 900. Mine is $ 9000! Dont work out a set monthly payment figure, just throw all the money you can spare at it until its gone.

  3. Reply
    angi8118
    August 29, 2011 at 12:34 am

    I learned my lesson the hard way, too. Make sure you pay more than the minimum or you will never get it paid off. I know, it’s easier said than done. I ended up with a LOT more debt and had to get my mother to take out a lower interest loan and pay her back. If you have anyone that can help you by doing that, it would be good. There are some places called Credit Counselors or something that claim to pay your cards off and then you pay them, but I think they charge fees, not sure. Good luck. It’s a tough situation.

  4. Reply
    tanoch
    August 29, 2011 at 1:06 am

    I would suggest first looking at your expenses and try cutting some costs. Try to come up with an extra 100 dollars (ex. Don’t eat out as much, carpool, bring lunch to work).
    Next take all other payments you are making to other debts and bring them down to the minimum payment. The next step is to apply all the excess that you were paying and the extra $ 100 you came up with towards the credit card. As soon as you do this you will see a significant difference in your balance. Once that card is paid off, take all that money that your were applying to the credit card and pay off your next debt. This is a great way to quickly get out of any kind of debt.

  5. Reply
    boardbiker
    August 29, 2011 at 1:53 am

    call around for another card at 0% interest for balance transfers (usually for a few months) – switch it all over to the new card, cut up new card and old card NOW. repeat cycle every few months until debt is gone.
    don’t let someone else pay off your debt – it’s a sucky feeling,.

  6. Reply
    greenee2000
    August 29, 2011 at 2:21 am

    use discover card 0% apr 0% balance transefer fee for 12 month just dont miss the monthly payment and when your done witj that card use chase they have 0% apr for15 months
    thats a long time

  7. Reply
    philip p
    August 29, 2011 at 3:21 am

    Go in for a setllement ask them to stop the interest and tell them what the installment you can pay per month

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