How much credit card debt do you have? How are you planning on paying it off?

Around $1,800 and I%26#039;ll pay it off with a check when due, just as I do every month

How much credit card debt do you have? How are you planning on paying it off?

Currently, it is $8,500. It was nearly $11,000 before this year%26#039;s tax return. That came in handy. And I was able to get an amended tax return from 2005. When both that, and my economic stimulus package check, come in, I%26#039;ll be able to pay down another $2,000.

After that, I%26#039;ll be paying two monthly payments totalling about $150 for the next 3.5 years, unless I somehow get more money or make more.

Unfortunately, I%26#039;ve gotten myself into this mess and I%26#039;m paying for it. But I%26#039;m happy with myself that I%26#039;m in recovery. LOL. I make debt sound like a sickness, like alcoholism. And when you use it irresponsibly, it is a sickness.

How much credit card debt do you have? How are you planning on paying it off?

Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan.

How much credit card debt do you have? How are you planning on paying it off?

Consolidation is the best solution available to the credit cardholders to improve their future credit. People go for debt consolidation for many reasons: prolonging the loan period from 5 - 15 years and reducing the interest rate. Consolidation allows you to go for a loan with lower interest rate than the one you are currently paying. Besides it simplifies the loan repayment as you are paying only one lender in place of various payments to different lenders.

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