Okay I need a little Help...

zeke211

After a few years of doing everything but getting serious I am at full attention at getting my balance down. Need a little help on what to do:

Card 1 at 12% $2,200 been trying to pay $200 a month on this a month

Card 2 at 12% $2,400 been trying to pay $200 a month on this a month

Card 3 at 12% $7,200 been trying to pay $300 a month on this a month

Total Debt $11,800 Had for 3 years now after starting at $15,000

Need some real help on what to do or how to get down ? Thanks a bunch~

Starry-eyed_surprise

Hi zeke,
You might be better posting this on the debt free wannabe boards where people will be able to give you more specialised help. Without going into too much detail here, the first thing that strikes me is if you could find a way to reduce the aprs on your cards, perhaps by applying for a new card with a low life of balance transfer rate or a 0% deal for the longest time you can find but only you know what your credit rating is likely to be and whether this is an option for you. In the short term you could try phoning the cards customer loyalty/retention depts and asking to have the apr on your existing cards lowered. This might work if you 'threaten' to take you business elsewhere (although you don't actually have to leave - just 'threaten' to). Have a look at the snowball calculator to see how long it will take to clear your balances at their present repayment and interest rate too Link below. Good luck.

http://www.whatsthecost.com/snowball.aspx


MODERATOR - please move this thread. Thanks

M_Thomson

zeke211 wrote:

After a few years of doing everything but getting serious I am at full attention at getting my balance down. Need a little help on what to do:

Card 1 at 12% $2,200 been trying to pay $200 a month on this a month

Card 2 at 12% $2,400 been trying to pay $200 a month on this a month

Card 3 at 12% $7,200 been trying to pay $300 a month on this a month

Total Debt $11,800 Had for 3 years now after starting at $15,000

Need some real help on what to do or how to get down ? Thanks a bunch~

I notice you use Dollar signs. Are you in America? As this is a UK site, it might be quite difficult to suggest alternative cards for you.