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no you go into a deeper debt with credit cards. creadit cards are not money. you BORROW the money and they want it back really quick.

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16y ago

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Is it best to pay off my credit cards or pursue debt consolidation?

Unless you have a very high amount of debt, it is usually best to pay off your credit cards. Although it is widely advertised as being "cheaper," debt consolidation often results in higher interest payments.


What are some tips for quickly paying off credit card debt?

The first thing you need to do is always pay at least your monthly minimum on any credit cards you own. If you are able to pay off more than the minimum you will pay the debt off faster. Often times companies will allow you to consolidate your debt, so you will only need to make one payment for all your credit cards.


What happens if you don't pay for your credit cards I have over 100000 in credit card debt and have no more money to pay. Haven't paid in a year. What will happen to me?

Satan now owns you, pay up!


What credit cards offer zero interest?

Credit cards that offer zero interest are those that are part of credit card plans. Plans can only be achieved once a customer has demonstrated he or she can pay the credit and remain debt-free.


Can you use checking line of credit pay off credit cards?

Yes, you can use a checking line of credit to pay off credit cards, as it provides you with a revolving credit option. However, it's important to consider the interest rates and terms associated with the line of credit compared to your credit cards. If the line of credit has a lower interest rate, it could be a beneficial strategy to reduce overall debt costs. Always ensure that you have a plan to repay the line of credit to avoid accruing more debt.

Related Questions

Is it best to pay off my credit cards or pursue debt consolidation?

Unless you have a very high amount of debt, it is usually best to pay off your credit cards. Although it is widely advertised as being "cheaper," debt consolidation often results in higher interest payments.


Is it legal to buy drinks on credit?

Yes. Credit cards count on you charging alcohol on your credit cards. The more you lose your judgment, the more you will get into debt and take longer to pay.


What is the best way to pay off my credit cards and student loan debt?

To pay off loans and debt, be sure that you are paying more than the minimum payment. Stop using your credit cards and pay for everything with cash. When you see actual cash going out, you will me less likely to spend.


In California law husband has credit cards in his name only. He dies. Does the wife have to pay off his credit cards?

In California, the responsibility to pay off the deceased husband's credit card debt typically falls on his estate. If the wife is not a joint account holder or a co-signer on the cards, she is not typically responsible for the debt. However, it's advisable to consult with a legal professional to understand the specific circumstances and obligations.


Who is responsible for credit card debt after someone passes away?

No one. The family is not responsible for the debt. Credit cards want people to think they are, but it is volunteer to pay/assume the debt of the person who passed away.


What is the best way to pay off 56000 dollars of debt from 7 credit cards when it is already in collections?

Debt Consolidation. Google that term.


What are some tips for quickly paying off credit card debt?

The first thing you need to do is always pay at least your monthly minimum on any credit cards you own. If you are able to pay off more than the minimum you will pay the debt off faster. Often times companies will allow you to consolidate your debt, so you will only need to make one payment for all your credit cards.


What happens if you don't pay for your credit cards I have over 100000 in credit card debt and have no more money to pay. Haven't paid in a year. What will happen to me?

Satan now owns you, pay up!


What is the most effective way to pay off credit card debt?

The best way to pay off credit card debt is to pay as much above the minimum payment as you can. If you owe on more than one card, pay the minimum on the cards with the lowest interest rates until you have paid off the cards with the higher rates first.


What are some debt solutions for those with a minimal income?

The first thing to do is to stop using all credit cards. It would benefit you to call your credit card company and arrange a payment plan to pay off any debt that you have, and do not accumulate more debt. It is advised to cut up all credit cards.


What credit cards offer zero interest?

Credit cards that offer zero interest are those that are part of credit card plans. Plans can only be achieved once a customer has demonstrated he or she can pay the credit and remain debt-free.


Can you use checking line of credit pay off credit cards?

Yes, you can use a checking line of credit to pay off credit cards, as it provides you with a revolving credit option. However, it's important to consider the interest rates and terms associated with the line of credit compared to your credit cards. If the line of credit has a lower interest rate, it could be a beneficial strategy to reduce overall debt costs. Always ensure that you have a plan to repay the line of credit to avoid accruing more debt.