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How To Pay Off Credit Card Debt

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Ashley Said:

How do I pay off my credit card debt?

We Answered:

Expenses should always be less than the income so that there is some savings for a rainy day. There was no sudden job loss or medical emergency that caused your income to drop. You are living beyond your current means and creating a situation that might get worse before it gets better. Live frugally ang get another job to pay the credit card bills.

Angel Said:

Paying off Credit Card Debt with out having to pay the whole balance?

We Answered:

Are you referring to debt settlement???

In any case, I doubt if this article is the same as the one you're referring to, but it may be discussing the same topic:
http://familyfinancialhelpusa.com/five-w…

Earl Said:

How should I pay off my credit card debt when I just received a lump sum of money?

We Answered:

If you have the money, you need to pay off the debt in full.

I believe that when you owe people money, you should pay it. I never base financial decisions on what it might do to my credit score.

If someone owed you money personally, I think you would want them to pay you in full.

The only exception I could think of would be that if you are no longer capable of working, and this is the only money you may be getting.

Bobby Said:

Credit Card Debt! How to pay off?

We Answered:

List your balances from lowest to highest. Some will tell you to list them by interest rates but go with balances for a quicker victory so you stay motivated.

Whatever your minimum payment is at this month, keep it there from here on out. Call this your "Set" minimum payment. Do this for each card. If you owe $80 this month, pay $80 next month and next, and so on.

Take the extra $100 you have and apply it on top of the $80 so you are now paying $180 to the lowest balance. Once that is paid off, take the $180 and apply that on top of the "set" minimum payment on the next card. Continue this until you are free.

Monica Said:

is using a credit card consolidating company to pay off debt bad for the credit score ?

We Answered:

?redit repair work?d fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - freecreditreport.sinfree.net

Rick Said:

How long will it take to pay off this Credit card debt?

We Answered:

http://www.csgnetwork.com/creditcardcalc…

Try out this website. You enter the balance, interest rate and months on top. The monthly payment is calculated on the bottom. Using this website, if you make payments of $107/month, it'll take you 22 months to repay this debt. Your Ad Here

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