Is there anything out there that will help you get out of credit card debt?

That is not a scam to get even more money out of you.

Is there anything out there that will help you get out of credit card debt?

Debt consolidation is provided by credit-counseling firms. These firms will total up all your monthly debts and let you make one payment to them. With this amount, the firm will pay the lenders till the entire debt is cleared off. But exercise caution while selecting a credit-counseling firm, since some firms do not offer free services. People who have utilized debt counseling will assist you in choosing the right firm. The other option is to go for a debt consolidation loan that has quite a low interest rate.

Is there anything out there that will help you get out of credit card debt?

call your credit card comapnies and ask them to reduce the interest. You will pay it off quicker that way

Is there anything out there that will help you get out of credit card debt?

i can answer this in 2 words.... ready........ Rich man!

hehe, im only joking!

Is there anything out there that will help you get out of credit card debt?

stop buying on credit

Is there anything out there that will help you get out of credit card debt?

Credit Card Debt

If you have a serious problem with credit card debt, these articles and resources can help. ...beginnersinvest.about.com/od/creditca... -

Fool.com: Get Out of Debt [Credit Center]

Credit ... Credit Card Calculator. Tools %26amp; Resources. HOW-TO GUIDE - FREE. Get out of ... Card or Low Rate Card? Should I consolidate my credit cards? ...www.fool.com/ccc/debt/debt.htm -

Credit Counseling and Debt Consolidation - CareOneCredit.com

At CareOne Credit Counseling, we are committed to providing all of the support and guidance you need to become, and continue to live debt-free.www.careonecredit.com -

Is there anything out there that will help you get out of credit card debt?

It has to come from you..

All of the debt help you here about is a scam. Consolidation, debt counseling ect ect...ussualy end up making things worse.

The only suggestion I have for you is to look for 0% balance transfer offers. I got an offer from Disocver card that let me do a lifetime interest free balance transfer with no transfer fee. Then its easier to chip away at it.

Remember that simply having debt doest not always hurt you.. most people are in debt one way or another. The key is how you handle the debt. NEVER miss a payment under any circumstances and your credit score will always be pretty good no matter how much debt you have.

Is there anything out there that will help you get out of credit card debt?

when you ask about %26quot;anything out there,%26quot; you make it sound like you are expecting to take a pill that will reduce your debt, or find an aerosol spray that you spritz on your bills to make them smaller. the answer is simple--to get out of debt, you have to stop charging stuff, and give your creditors money every month until the debt is paid down.

Is there anything out there that will help you get out of credit card debt?

The service offered by credit repair companies can be done by you. Call the credit card companies and ask them to reduce the interest rates. Then, cut your cards up. Pay off the card with the higher interest rate first by paying as much as you can afford each month. Pay the minimum payments on all the rest. As you pay off your cards, close the accounts. If you close the accounts before paying off the cards you are going to pay more in fees, so don%26#039;t do that.

Good luck.

Is there anything out there that will help you get out of credit card debt?

Contact Consumer Credit Counseling Services, they are free and will work with your creditors to lower both your monthly payments and your interest rates. I used them several years ago and was debt free in 36-months.

Is there anything out there that will help you get out of credit card debt?

U would be better off doing it yourself. Stop using your credit cards and pay off all your bills on time..

Is there anything out there that will help you get out of credit card debt?

Apply a scissors to your cards.

Is there anything out there that will help you get out of credit card debt?

How to get out of debt.

Getting out of dept is easier and harder than most people think. Easier because - you probably already have the money to do it hiding away in your budget. Harder because - our society really frowns on savers and stingy people. So the first question you have to ask is do you really want this more than you want that double frappacino. It sounds trite but many people don%26#039;t actually want out that bad.

Assuming you do want out - here goes.

First a bit about me. I am an Engineer (i.e. practical %26amp; logical, forget emotion) who left for college in 1980 with $200 in my pocket and a rusty 72 Buick got me there (yes anyone can get a college education). I鈥檝e eaten mac and cheese for 2 weeks straight because that鈥檚 all I had. I鈥檝e been there. The only thing I still owe on is my house, but I could pay it off with cash in my bank account (tax advantage).

Step zero: I call this step zero because it鈥檚 so obvious I can鈥檛 believe anyone wouldn鈥檛 see this, but I鈥檝e found people that need this kick in the pants. If you are in debt, you can not keep spending money of luxuries. So, and I can鈥檛 believe I need to say this but I will, sell the boat, the extra car, the toys. You can鈥檛 buy your spouse, significant other or kids gifts that are more than 1% of your monthly income.

Step one; find cheaper money to borrow. Most people in deep dept don鈥檛 really have many options, but it is worth reviewing. If you own a home 鈥?can you refinance to consolidate the debt? Credit cards or sometimes even car loans require higher rates and fees. It may even be beneficial to refinance your house to reduce the rate or extend the payments so that you can reduce your monthly expenditure. Using that extra cash flow every month to pay off your other debt quickly makes a lot of sense (as long as it鈥檚 not a reverse or sub-prime mortgage). Using it to buy something disposable does not make sense. At the very least find the lowest interest rate card you have and transfer the balances over to that card.

Step two; commit your self to the fact that you will never (unless in danger of loosing everything, even then maybe not) borrow money for something disposable. Despite what many advisors say, rich people are not necessarily dept free. Their net worth is positive, but Donald Trump borrows money to build buildings. Money can be borrowed for your house to offset rent and gain the investment leverage. Money can be borrowed to start a business (but that is risky). Money can be borrowed for other business growth opportunities (i.e. education that will net out in a higher salary). What you are doing in that case is leveraging your money with someone else鈥檚 to increase you % gain. Don鈥檛 under any circumstances borrow money to buy a new car, clothes (but their on sale 鈥?no), furniture (even at zero %), etc. What you are doing in those cases is making someone else rich. They win you loose. I use credit cards for purchases, but I pay the full balance at the end of every month.

Step three; find easy money to cut. I hate budgets. Most everyone does. Fact is that most of the items in your budget can鈥檛 really be changed easily. You can鈥檛 go to your landlord and ask for a rent reduction. The electric company won鈥檛 drop your rate. Identify the items you can鈥檛 easily change and skip them for now. There are items that can be cut with very little impact to your life though. You would be amazed how those items add up over time. Here鈥檚 a few that could save you $5000+ per year:

-Dining out: You don鈥檛 really need to go out to dinner. That is a privilege. If you are up to your eye in debt. You need to skip this until you get your feet back under you. It won鈥檛 take long, and you can reward yourself (reasonably) once you see that you are 陆 way to your goal. Most people can save $100 a month on this item alone (that鈥檚 $1200 per year).

-Take your lunch to work. When you cook that dinner listed above. Cook about 50% more than you intend to eat. Throw that in the freezer and take it to work next week. You鈥檒l probably eat better food for lunch by the way. The average lunch in my area is $8. You can easily save $5 per day by bringing lunch (that鈥檚 $1250 per year).

-Cut back on beverages. Starbuck鈥檚 everyday is another $1200 per year habit. Make a pot of Folger鈥檚 in the morning. Another major expense people don鈥檛 think about is soda from the vending machine. At a buck a piece I know I can spend $500 per year (that鈥檚 2 per day). Most offices have a fridge. Buy a 12 pack and put it in there.

-Clothes: If you don鈥檛 need it, then a sale item is not saving you money. I鈥檓 not saying you need to go to the second hand store or the outlet mall. Just don鈥檛 buy something you won鈥檛 wear every other week. You need 2 weeks worth of clothes. That plus a few special occasion items. That鈥檚 all. People aren鈥檛 paying that much attention to what you wear. It鈥檚 better to buy reasonable quality conservative styled clothes too. Buy them to last and wear them often. I bought a Roots shirt in Canada several years ago. It cost about $20 more than I wanted to spend. I bought it anyway. I wore that shirt till it literally fell apart several years later. I鈥檝e bought several tee shirts off the clearance rack and they sat in my drawer till I gave them away. The Roots shirt was a very good buy. The tee shirts were a waste of money. BTW I paid cash for all of them.

-Cut back on vacations: Most people that are in credit trouble still take vacations. Vacations are the definition of disposable (see step two). It won鈥檛 kill you to skip a year. Use the money you would have been paying to start a separate savings account for next year鈥檚 trip. Never never never borrow to go on a vacation. Vacations should be saved up for and paid with cash. The rich never borrow to take a vacation. One other note on this. I keep a change jar at home. When I get home I put the change from my pocket in the jar. When we go on vacation and we see that special opportunity that we didn鈥檛 plan for (star light cruise, jet ski rental, etc.) I use the money from the change jar to pay for it. You can still have some fun in life.

-Get rid of the storage unit. So many people have storage units, yet they never evaluate the cost of the unit vs. the value of the items. I personally was paying $100 per month mainly so I could store an old sectional. After six months I would have been better off throwing the stuff out (or better yet selling it for cheap).

-Cable/internet: It鈥檚 become such a part of our life that we don鈥檛 even think about it, but as little as 20 years ago, most homes did not have either cable or internet. Many homes in the US still feel that the internet is a total waste of time. There is typically a cable package available that is just the local stations plus public access. The cable guys don鈥檛 like to sell it, but it is available. If they won鈥檛 sell it to you, maybe an antenna will do for 6 months (that鈥檚 probably about $300 you saved). Internet is also about $300 per year. Can you go to the library to see your spam?

-Phone: Many people have both a land line and a cell phone. Why? Also, do you really need the cell package you have? Savings: $300-500 per year.

-Children: If you have kids you鈥檙e probably spending much more on them than you need to. We tend to way overspend on our kids because we feel guilty. Your kids want you to be happy more than they want the toys or the camps or the sports or the extra special day care. This is an area that I personally need to continually challenge myself. We want 鈥渢he best鈥?for our kids. What we can afford is what鈥檚 reasonable. Leave 鈥渢he best鈥?for the folks with the net worth over $5 million. Your kids will never notice one less present. They鈥檒l never notice that you didn鈥檛 buy the happy meal. What they鈥檒l notice is that you gave them a fiscally responsible model to follow in their life.

Step four (if you need it); find hard money to cut. True lifestyle change is tough, but if you still aren鈥檛 making ends meet, it鈥檚 time to change. Note: if you don鈥檛 have to be this drastic then don鈥檛. This step is more than most people are willing to do, but if you鈥檙e spending more than you鈥檙e bringing in, and you can鈥檛 cut the small stuff enough to make ends meet, your only choice is to cut the big stuff. That would be move to lower rent, Sell your car(s) and buy something cheaper (yes, you can get a reliable car for under $5000), or find some other major expense. Again, hold off on this one unless you鈥檙e really prepared to make a true sacrifice.

Step five; pay down that debt. Ok, by now we鈥檝e stopped the increase in debt. And, we鈥檝e freed up some extra cash. There are many 鈥済urus鈥?out there with 鈥減lans鈥?to follow. It鈥檚 really pretty simple. Find the highest interest rate debt, unusually your credit card (remember we consolidated in step 1) and apply all of the money you saved to paying this debt down as fast as possible. Note: many of the gurus tell you to build an emergency fund. If you鈥檙e paying 18% interest on a card and you can still borrow on that card in case on an emergency you are foolish to put money in a bank account at 2% interest. Pay down the high interest.

Step six; pay down some more. Once the cards are paid off, use the money you were paying on the cards to pay off the car loans, school loans, etc. I would also suggest taking $1-200 per month (in cash) at this point to allow you to regain some social life (lunch once a week or dinner once a month, etc.). Don鈥檛 let up too much though. You are still being foolish to have loans on cars and other expendable items.

Step seven; evaluate what鈥檚 important to you: This is where some of the gurus get crazy. They push to pay off the house. If this is your life鈥檚 dream and it means more to you than anything else; ok go for it, but you鈥檙e only earning about 5% on your efforts. Better to invest in other more lucrative investments. For example, a company matched 401K invested in the general stock market will pay 10-12%. When you retire you can pay off the house. From here on out you are in wealth building mode, so you need to determine where you want to invest that money you鈥檝e been paying down. You will also want to reward yourself for having regained solvency (gain back some of that social life). The other thing you will need to determine is what items you will want to save up for. Remember, we don鈥檛 borrow to buy disposable items. Finally you want to protect your new lifestyle. Make sure that you store up an emergency fund equal to 3 months take home (what your check reads).

I could go into steps 8-? On how to build to retirement, but that鈥檚 another topic. Good luck.

Is there anything out there that will help you get out of credit card debt?

It is all up to you, since your credit issues are yours, so you have to decide to make a plan to repay and rebuild your credit. There are a lot of options for you and it can be confusing which way to go. If you think you can do this yourself I have a site that can help you.

http://www.thecreditrepairmanual.com