How do you pay off credit card debt?

Answer 1

I would pay off the smallest card first and then mentally it helps get you out of debt faster. Also call the credit card companies to see if you can get your interest rate lowered.

I had $32k in credit card debt but just recently consolidate. I couldn't make the minimum payments anymore. My payments were cut in half and I will have them paid off in 3 years. Good luck in getting out of debt.

Answer 2

You just have to pay it from somewhere, such as from your regular cash or your savings. You could get a loan, but in the long run that could end up costing you more money, as you may have to pay interest on the loan.

You cut out frivolous expenses for a period of time and put the money towards the most expensive debt you have. When that is paid off, then you go to the next one. At the same time, you start a savings account so that you have enough cash for emergencies instead of using credit. To do this, you cut living expenses, get a roommate, defer decorating expenses, eat home cooked meals and wear the clothes you already own. Another help is to periodically choose a month where you avoid spending any money at all, which takes some ingenuity, but can have great rewards.