Paying off my debt

If you have a whole lot of debt you might look into a debt consolidation program. The only thing is they do charge monthly fees so you have to watch how much your fees are. I had thought about using a debt consolidation program. But my monthly fee with them would be $30 a month and I would be paying on my bills for 30 months. So when I did the math and figured out how much my debt is I decided I would rather use that $900 I would spend in monthly fees to pay off one of my bills. I'm also struggling to get my credit score up. I just checked it today and I'm not happy with it. But I can see the light at the end of the tunnel. Good luck!

If you have a lot of debt you can always go through a debt consolidation program to avoid getting hit with that 30 fee every month. As long as you arent making the minimum on those accounts they are going to continue to nail you with those fees and it is just going to keep getting higher and higher. Soon it will get worse cause it will get to an over the limit fee and a late fee. Then you have $60/mo added on there. I took my credit cards and paid off the smallest ones first and then as I paid one of them off I would use that extra amount to pay extra on the next one. It all depends on how bad the situation is.

I would suggest that you call the companies that you owe money too and ask if they can lower your monthly payments so you can get them paid without paying a $30 late fee. I have heard of many companies helping out and doing this with people who are truely trying to get things paid off. Credit card companies will also lower the interest rate for certain situations. Hey~ it's worth a phone call. You never know what they will say until you ask.

I think it is good that you are trying to pay off your debts. It is so hard to do sometimes. I don't know the fastest way. I do know that I used to worry about this a whole lot. I don't anymore. It's not worth it!

urgghh credit card...I have mastercard and i spent 480$ on boxing day including my mom's boxing day. I am paying off slowly. Right now, i am still in debt. But the minimum I have to pay is 15$. Maybe because I have the special student card so i don't need more than 500$ of spending which is my limit. Maybe you should call your credit card company and ask for a lower minimum payment. Or simply change your card with a lower limit so your spending won't go overboard. Spending less is good as well. Eversince I got that bill of 480$, I didn't spend much except for 1 meal at school per month.

I would look at a debt consolidation program or credit counseling--they may be able to negotiate the debt down for you--and good for you for being proactive with this!

Don't bother with debt consolidation services. They can't do anything for you, you can't do for yourself. How to get out of debt: Stop using your credit cards. You will never pay them off if you keep adding to the balance. Pay cash or don't get it. 1. Make at least the minimum payment on all your cards. Find the money somewhere, go out less, don't get coffee at the expensive place, bring your lunch, get a second job. If you are not paying rent, you have all that money you are saving from not having housing expenses. 2. Pick one card, pay more than minimum until it is paid off. Keep making the minimum on all your other cards. 3. When the first card is paid off, do not have a party or start spending that money. Don't start using that card again. Use the payment you had been making on that card to add to the minimum you are making on the second card. Keep paying that amount on the second card until it is all paid off. 4. Repeat for each card, adding in the amount you had paid on the previous card(s). Stopping spending and starting to pay off the cards is the only way to get out of debt.

I have a friend that works at Take Charge America (their site is www.takechargeamerica.com). You can fill out your info and they will call you back, usually the same day. If they cannot help you, they will tell you what you can do to get your finanaces back on track.