What should I do if I have $15,000 in credit card debt?

Answer by  Aces99 (137)

Few people can not pay off their credit card debt. Therefore, pay it off. Start reviewing ALL your bills and build a budget. Remember, obligations come first. Mortgage/rent, utilities, car payment/insurance, CREDIT CARD PAYMENT, food (eat in only). Any surplus can be used to pay principle. This could mean dropping a cell phone or cutting out fun money.

Answer by  Roland27 (16334)

Stop putting things on your credit cards!!! Once you do that call a debt help agency and begin to get on some kind of payment pan or file bankruptcy.

Answer by  Gabriel (2146)

1. Quit spending money. 2. Are your bills overdue? 3. Are you able to pay your debts? 4. Call your creditors and ask to work out an arrangement to pay them. They are usually willing to work with you, they want money, and some is better than none. 5. If you absolutely can't pay, speak to a bankruptcy lawyer.

Answer by  Joven (163)

With that much debt, you have two alternatives: transfer it all to a 0% card and start paying it off regularly, or file for bankruptcy.

Answer by  Anonymous

Make sure the billing dates for each are spread out. Next cut up or shred your credit cards and pay the minimums for each card each month (or more if you can afford it). Only buy what you absolutely need until the credit cards are paid off.

Answer by  maber (1427)

You should pay off the highest card balance with the highest rate and continue down until the lowest card and lowest balance are paid.

Answer by  marbozon (93)

You should pay off the credit card debt. Debt is defined that which is owed; usually referencing assets owed, but the term can also cover moral obligations and other interactions not requiring money. In this case, you owe money to a credit card company.

Answer by  wmrbrown (6)

burn your credit cards, now. Not tomorrow or next week or next month. Right Now!!! Start living within your means. I. E. Do not spend more money than you earn. Even the US Government has limits. Get a second or temporary job to speed up the paydown process.

Answer by  wmrbrown (6)

Burn your credit cards. Learn to live within your means. Set up a budget and stick to it. You won't like it at first but as time goes by and you do not have panic attacks when you recieve credit card bills, you will sleep better at night.