7 Thoughts on My credit card debt’s pretty high. Tips on reducing?
  1. Reply
    Jessie McQuiggan
    October 31, 2011 at 5:42 am

    yea theres one way..you could pay it off

  2. Reply
    darryl l
    October 31, 2011 at 6:27 am

    Cut down on your spending, don’t use it unless nessesary, pay as much as you can. Always make payment on time this will give you better credit, and if you don’t they may raise your interest rate, now you will be paying more.

  3. Reply
    ??
    October 31, 2011 at 7:02 am

    learn to use apostrophes correctly

  4. Reply
    bdancer222
    October 31, 2011 at 7:22 am

    Stop using the cards. Make a strict budget. Eliminate all the extras — cell phone, eating out, new clothes, alcohol, premium cable and internet, etc. Take every penny you can squeeze out of that budget and put it on the highest interest rate credit card, while making minimum payments on the rest. When the highest rate card is paid off, move to the next till they are all paid in full.

    You can also find ways to bring in more cash. Have a garage sale, collect alum cans, get a second job. Throw it all at the debt.

    Once you get the cards all paid off, only charge what you can afford to pay in full every month. You’ll save interest and stay out of debt.

  5. Reply
    pattycakes
    October 31, 2011 at 8:12 am

    I am right there with you…. most of the economy is at this point. Honestly the most effective way I have found is writing out a bill list and working off it.
    Legit every month I write out a list and every month faithfully I update it:
    ex. week 1 – daycare, car ins, money toward rent
    week 2- daycare, credit card 1, credit card2, phone
    week 3- daycare, rent, credit card 3
    week 4 -daycare, utilities, credit card
    My check is say $ 450 a week plus I know I have child support cash coming so everyweek I pay $ 420 to $ 430 in bills then limit myself to childs support for groceries and gas

    Most importantly—find the credit card w/highest interest — pay the most torward that care each month and minimums to all other cards– even if you pay $ 75 a week toward that high interest card or you can make just 1 pmt a month it doesnt matter…you will pay less interest over time if you hit the highest interest rate card first, once thats paid readjust and hit the 2nd highest care and keep going… if you know somethings coming up ….vaca or birthday something you need money for try to put away money ahead and dont depend on your card…i am speaking from expierience 🙂 good luck dont get discouraged …just work at it.

  6. Reply
    My Take on It
    October 31, 2011 at 8:47 am

    Get a part time job and put every penny you make from that towards the debt.

  7. Reply
    Mr. Feeny
    October 31, 2011 at 9:27 am

    There are a whole lot of methods to pay off credit card debt and lots of people do obtain this feat (i.e. are able to pay off your debt). Absolutely, to have the ability to pay off credit card debt is mostly a great achievement in itself for not everybody is able to pay off credit card debt. It takes a variety of discipline, restraint, planning and perseverance to lastly pay off your debt. Nonetheless, there is more to paying off credit debt then just with the ability to pay off your debt.

    Here we are talking about the life after you repay bank card debt successfully. As talked about earlier than, of all the those that try to pay off your debt not everybody is ready to pay off bank card debt i.e. there are some failures too. However, some individuals fail after they have succeeded in paying off credit card debt. These are these people who let themselves free and go on a spending spree as soon as they pay off your debt. Quickly, these individuals once more land up with more debt and are once more trying to pay off debt.

    So, it’s not sufficient to just repay debt, it is equally necessary to keep up a debt-free status even after you pay off your debt; solely then can you take pleasure in a stress-free life on this planet of credit score cards. So learn your classes effectively and do not let yourself loose on the path to a different debt. Many of the guidelines that you followed once you have been making an attempt to pay off your big debt, can even maintain good after you have got paid off your debt.

    Here’s a fast synopsis of issues that you should care for even after you repay your debt:
    1) Do not overspend. Yielding to the sale presents for something that you do not actually need, is a big mistake that results in overspending
    2) At all times remain inside 70% of your credit score limit.
    3) Make bank card bill funds in time and in full.
    4) Don’t maintain more than 2 credit card accounts (two are sufficient for anybody)

    These are just very staple items; you possibly can add more primarily based on your own experience and knowledge.

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