21 and surrounded by debt? I'm 21 with a few credit cards that total around $4,000.00. Most

I'm 21 with a few credit cards that total around $4,000.00. Most of them I used for things similar to wisdom teeth extraction, coup�� repairs, etc. I have honourable credit, but am having a thorny time trying to pay them rotten. I've been paying the minimum's on the dot, but am not getting anywhere. Has anyone ever had this problem and what should I do? Continue to money the minimums? (I've already cut the cards up so I can't use them.) Or should I contact a credit consolidator? Does that look bad on my credit? Are they reputible? Please backing!

It's gopod you cut up the cards. OK minimum payment roughly covers the interset rate applied to your credit amount. By still only paying the minimum every month you are still within descent standing, but if you pay the minimum and after an additional payment($ ? you determinewhat you can afford reasonably) and convey that payment contained by before the subsequent balance due you can apply that fee towards your actuall debt. Takes a bit of time but you can reduce you debitaswell as the monthly minimum paymkent due.also your dental stop by is a taxable deduction aswell as vehicle repairs , maintance, and a specific amount of mileage driven for employment, includes the money it cost you surrounded by gas. Do some deep digging at your guard if any of these were purchased on your credit cards, and transport in the statements within with your taxes this subsequent quarter.

What you do is pay the minimum on adjectives your cards except one. Then you put all your extra income respectively month into paying that card. Once that one is paid rotten, you move on to the subsequent card and the next. Otherwise, you whip out a loan with a sandbank (much lower interest) and pay that instead.

Answers: It sounds like you're on the right track. A credit consolidator does look fruitless on your report when a lender looks at it (it raises a red flag that you've have trouble paying your bills, which will make them awkward to lend you more)

I agree with what be said above, keep paying the minimum due on adjectives but one, which you should put all your extra money onto. Which one of your cards you do this near is your choice. You can pay the extra to the unmatched balance if you don't perceive comfortable with such a colossal debt on your shoulders. Or you can pay extra to the card near the lowest balance, which will wages if off briskly and encourage you to verbs. But the plan that makes the most financial sense is to pay past its sell-by date the card with the great interest rate, which will save you money within the long run.

As for not having satisfactory money- try your best to save as much as you can. Cut out in haste food altogether, consolidate your errands to cut down on gas usage, see if you can go minus a cell phone or extended cable, ect. There are always ways to cut spinal column.

What they said. I haven't had a credit card since '98, and I'll NEVER attain another. If I can't pay change, then I do in need.

Even though 4k seem like profoundly right now it isn't. I don't know if Credit Counseling would aid with that low of a be a foil for. Since they are cut up, stay on a strict budget give up ingestion out lunch or maybe stay within 1 or 2 nights a month and put that money toward your cards. You will grasp out of them in no time. Stay dilligent. apt luck

the fact that you cut up the cards is great! it's the first step to receive out of debt.
I assume one or more is a major credit card (not a store card)? one bearing is to consolidate all the cards on to one...undoubtedly the one with the lowest APR. that bearing you only enjoy to worry roughly speaking 1 bill and you will prob end up paying smaller number on just that one than adjectives of them combined.

Don't go to a consolidator, you can bend up worse. Continue to make your payments prompt. If you are late, next they could report you to the bureaus and it will stay on your record for 7 years. You can contact the creditors and see if you can work on a transfer of funds plan.