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 Author | Topic: Credit Card Debt (Read 166 times) |
Sassy
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[M0:10]Ever feel like u are running to nowhere?
Joined: Oct 2007
Gender: Female 
Posts: 278
Karma: 0 |  | Credit Card Debt
« Thread Started on Jan 17, 2008, 8:23pm » | ![[Quote]](http://i175.photobucket.com/albums/w146/hazelpatterson/Daynas%20Board/Quote.gif) |
Ok.. this is the year I want to pay off every credit card we currently have. I, myself have 4. Mastercard, Sears, HBC and Future shop and carry a balance of just under 10 grand.
My mind is boggled at being that much into debt but I know I can get it paid off.
But I am trying to get the interest rates lowered. I managed to get the Mastercard down to 13% from 27% which is fantastic in my books but none of the other card companies are willing to lower their "fixed" rates.
Has anyone tried to lower the interest rates on their cards? If so how did u do it??
Every pay once I pay the minimum due I am splitting up what I have left over..working out what I need for gas and groceries and of course day care.
What ever I have left over I am throwing onto the cards. It means no extras but I NEED the debt gone I am so sick of worrying about it.
Mind u..a good portion of it has been for Car repairs and buying the Malibu on my credit card..yes I bought a car on my Credit card.. not smart but it was the only way.
So if u have hints on how to help me with this let me know. I am all ears 
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tammy
Sand
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Joined: Feb 2008
Posts: 2
Karma: 0 | | Re: Credit Card Debt
« Reply #1 on Mar 5, 2008, 10:08pm » | |
the best thing to do is pay the minimum on all and then take the rest and pay the highest interest card u have. When that is paid off do the same with the others and each time u pay one off u have more money to put on the other cards.
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sunflower
Cubic Zirconia
Durham Daycare Provider
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Joined: Mar 2007
Gender: Female
Posts: 124
Location: Oshawa
Karma: 7 | | Re: Credit Card Debt
« Reply #2 on Mar 9, 2008, 7:29pm » | |
Is there anyway you can get a line of credit?
We have a low interest rate line of credit. We put our cards on that and the interest rate is so much lower. We are tackling that much faster than the interest rate of the credit cards.
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Tamara |
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Sassy
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[M0:10]Ever feel like u are running to nowhere?
Joined: Oct 2007
Gender: Female
Posts: 278
Karma: 0 | | Re: Credit Card Debt
« Reply #3 on Mar 25, 2008, 9:02pm » | |
not sure of the line of credit right now.. we have got rid of one card so far and working on the next one..it helps I got a substantial raise at work so now have more money to put on the payments
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