World’s Worst Credit Card?

8 Comments for “World’s Worst Credit Card?”

1. sherina d

   March 4, 2010 - 4:07 am

   

   If you have 10k in the bank, why not use half of it on your debt. That would make things much more manageable.

   Then get yourself on a written budget and attack the other 7500.
2. j_A

   March 4, 2010 - 4:24 am

   

   Debt consolidation loans are usually a rip-off, extending loans way out and you end up paying a lot more in interest, plus the loan origination fees increase the amount owed.

   Instead:

   Transfer credit card debt to lower interest rate cards, some will give you 0% for a transfer. Do this before deciding which one has the highest interest rate to pay off first.

   Pay at least double the minimum monthly payment on the credit cards and car loan. This extra will go entirely towards the principal, and reduce the debt a lot faster.

   Pay off the highest interest rate credit card (or loan) first.

   It is also a good idea to pay extra principal on your house, to reduce the interest and increase the equity.

   Sell the car and get a used one that costs less if you have to.

   Destroy your credit cards and don't use them again, instead get a credit/debit card that pays interest and cash back for any charges. So you make money when using it instead of pay money.
3. A B

   March 4, 2010 - 8:49 am

   

   Call the hospital and see if they have any programs that can help. Last month when I ended up in the ER with my gallbladder we got put on a payment plan where we only pay off $28 a month until the bill is gone. The surgeons office also worked out a plan where we actually only have to pay half of what the bill would have been (because my dingbat husband cancled our health insurance back in May *smacks head against wall*).
4. Sophia Galen

   March 5, 2010 - 6:24 pm

   

   Try this site

   http://Best-Financial-Consultation-USA.info

   Here you can find the best debt settlement specialist that available in your area for free
5. Russ M

   March 6, 2010 - 9:10 am

   

   Most of the debt repair/consolation/settlement companies want their fees up front and leave you credit trashed.

   Check nfcc.org for listings legit non-profit credit counseling services. They can help you set up a budget and work out clearing up your debt.

   You can tackle your debt yourself by putting every extra penny on the highest interest rate debt, while making minimum payments on the rest. When the highest is paid, move to the next, till they are all paid off.

   It will take 2 or 3 years but if you work at it, you'll be out of debt with a good payment history.
6. lexis wyers

   March 6, 2010 - 2:21 pm

   

   If you want

   * over 50% of your debt negotiated away
   * become debt free as soon as possible
   * Avoid bankruptcy
   * reduce your total debt balanced
   * one affordable monthly combined payment
   * home ownership not required
   * free quote with no obligation

   Check this site,

   http://Debt-Consolidation-USA.com

   Here you can get free quote from all debt specialists that available in your area. It's free and fast
7. Melanie B.

   March 6, 2010 - 3:24 pm

   

   You don't need anyone to do it for you. All they do is negotiate your debts for you and collect a fee. You can do it yourself!

   Call all of them and work out a payment plan and try to get your interest lowered or stopped.

   Then, make the minimum payments on every one of them. On the lowest dollar value, put all your extra effort toward paying it off. Once it is paid off, then roll that extra money to the next largest balance. Continue this snowball until all your debts are paid off.

   You proabbly need to cut your expenses back to the bare minimum. Get rid of cable, cell phones, internet, etc. Lower your electric bill, gas bill, water bill, etc. Don't eat at a restaurant until your debts are under control.

   Try to increase your income by getting a second job. If you have a car with payments, get rid of it, and buy a good dependable used car for CASH.

   Go to the library and get "The Total Money Makeover". Read it and follwo it carefully.

   Go check out Dave's website as well.

   http://www.daveramsey.com
8. Franc Carey

   March 7, 2010 - 5:50 am

   

   Try this site

   http://Best-Financial-Consultation-USA.info

   Here you can find the best debt settlement specialist that available in your area for free

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