Getting out of debt

[SoCalDem]

4. If it's credit card debt.

First,, STOP USING CREDIT CARDS

do not close the accounts( that affects your credit rating)...just put them away and pay cash..


Get out a legal pad and list each one in order..

Least owed to most..

Always pay the minimum (never get past dues or skip payments)

After the minimums are met, pay everything you can on the ones with lowest balances..

as you pay the small ones off, keep at it until it's more manageable..

It took a while to get into the mess and it will take probably twice to three times as long to get out if it..

If your debts are SOOOO excessive, and you fear losing your house, please see a professional..Sometimes bankruptcy is the only way out.

If you do declare bankruptcy, it will stain your credit rating for TEN YEARS, and you may not be able to rent places with that on your record. If it's the only way out, a professional can help you through it.

also:

cook ..don't buy food outside the home
take your lunch to work
have garage sales to cut down on what you can get rid of
take a second job and put all the earnings toward debt.