Make a list of all of your debt and the percentage you are paying on interest. Pay only a bare minimum on the lower rates, and pay as much as you can afford on the higher rates until you pay them off one at a time. If consolidating is an option and would reduce the average interest rate, that would make the bill payment easier to manage. Hope this helps.

Great site for all sorts of credit and debt assistance. Free!
http://www.creditinfocenter.com/forms/well debt consolidation sounds like it’d be good for you.

IF your worried about foreclosure I’ve heard that a chapter 13 or 7 i think can solve that and even if your not going towards that those can also solve the debt with your credit cards.
What I did to get myself out of the credit card game was I closed all my accounts (you can close them while you still have a balance but you will still have to pay them as though they’re still active) made my payments as normal and since I wasn’t doing the back and forth game I did get the amount down. I kept 2 credit cards with lower balances that way I wouldn’t over spend and also because its easier to pay off and if you can’t pay it off then you shouldn’t have a larger balance.
1 of the cards is a general mastercard and the other is a department store card- walmart. From there you should be able to get the things you need if things get push come to shove. But you should stop relying on the cards it’ll help in the long run.Went through this once. Never again. I took out a medium term refinance loan that I used to pay the credit card balance down and with much discipline it has stayed down, though the banks insist on giving you huge limits. These days I also have the option to borrow cheap from my credit union if I see my card is getting out of hand. And I only have one card. It depends on how much debt you have incurred.
If the amount of debt is over $50,000, you can try to negotiate with your lenders for a moratorium (a period of time in which you don’t have to pay) or a consolidation of the entire sum to be paid over time. In either case you would lose access to your credit for that period of time until you pay down your debt.

Oddly enough, in today’s climate, the more you owe the greater leverage you have. Banks can still afford to write-off $5,000 – $10,000 but most banks will seriously consider working with you if your debt falls in the range of $50,000 – $100,000.

And, bankruptcy is an option. You would not lose your house or your car but your access to credit would be seriously damaged for up to 7 to 10 years. There are a lot of problems with consolidation loans and can sometimes end up hurting your credit or worse.

Try Hope Now
Get Help Call 1-888-995-HOPE (4673) Its free.

“HOPE NOW is an alliance between counselors, servicers, investors, and other mortgage market participants. This alliance will maximize outreach efforts to homeowners in distress to help them stay in their homes and will create a unified, coordinated plan to reach and help as many homeowners as possible. The members of this alliance recognize that by working together, they will be more effective than by working independently.”

Another route to go is getting a free analysis to help you pay off your debt and see if you qualify. It will tell you how long it will take to pay off all your debts. They never ask for account numbers or social security information, just the amount and interest rates. They are rated highly with the Better Business Bureau and just won the Ernst & Young Entrepreneur of the Year Award for its region in Financial Services.

If you qualify the program will analyze your income coming in and money going out every day/month and tell you the quickest way to pay off your debt. Get out of debt in 1/2 to 1/3 the time.

Go to www.moneymerge.designingfutures.tv

Good Luck.

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