"the best way to payoff your credit cards debt"

My husband and I both pays off our credit card by transferring the amount that is due into the bank - online payment done. I thank God that we have always manage to pay up what we spend on right on time. Never owing the bank anything therefore they can't make money out of us. But all this I gotta say it is by God's grace that He always provide the money some how...sales just comes in. My husband's and my stand for using credit card is spend and then pay up on time. If we can't then we will not sign the credit card for the certain thing.

I've heard it's better to pay off the smaller ones first, then once that's paid off, you pour that payment into the next bill. Little by little, it'll all go away. We're doing the best we can in that avenue. Right now, we're lucky if we can make our payments ontime, but we're trying. Every little bit helps.

I am still working on paying off my credit card debts. I already stopped using most of them except for one, which I use for emergencies. I had a few of my cards discontinued already and am now focusing on clearing off my balance one card at a time while paying the minimum amount for the others. Best way to pay off the cards, is to use whatever extra income i earn to pay my cards and not to use them again.

I don't credit too much amount so I can still pay my bills. Most of the times I will pay all my credit bill amount each month. Then I will credit the next month and pay again without any amount to grow for interest or additional financial charges. Though there are also cases I can't pay in full for a month. I think using a credit card is a matter of discipline. And I think it is still best to pay in cash. So if you have cash pay in cash, don't credit.

I have a couple of credit cards before. I stopped paying the bank not because I don't want but I don't have anymore money to pay for it. The amount I owe to the bank goes up and up and higher and higher. I don't think I will survive if I will take the offer of those credit counselors and financing agencies who keep on calling me by the phone and asking and offering my easy payment plan to settle my accounts with the banks. Today, I forgot everything about any credit cards. I always turn down any offers to get another card...

the best thing to do is throw those credit cards away & learn to do w/out till u have the money to pay for whatever u want.

I disagree that it's always the best to pay off the credit card that has the highest interest rate. I think you have to go by the actual amount of interest being charged in dollars and cents. Depending on the balance, that may or may not translate to the highest interest. The snowball method presents a challenge most people enjoy. You pay the minimum on everything except one bill, usually the smallest, until you get that paid off. Then you take the money you've been putting on that one and put it toward the next highest bill, adding it to the regular payment you've been making on that. With the extra money, that gets paid off quickly. You then take the regular payment, plus the extra, plus the payment you've been making on the third lowest bill. That knocks out your bills in a hurry. As another poster mentioned, call the credit card company and try to get a lower interest rate. Do this on all of them. Most people can pay more than they say... they just don't want to. (Can't give up that coffee on the go, or the meal out or that cute shirt...)

Credit cards are going to be for emergency only, for me. It is so disgusting to think your going to have the money and bamm, you feel so stressed because the money is not there. Be sure to write down everything that goes on the card as you use it and cut yourself off at a set amount that you can pay back right away. The interests are getting higher and higher and make sure to get the bill paid right spot on time or you will have a huge penalty.

I have also found that, when I call the credit card companies, nine times out of ten they'll reduce the interest rate if they see constant "on-time" payments in the account's history. I call at least once every six months on cards that I want to continue a reduction with due to high rates, and it's been working each time I call. It's been a huge help. Paying double the minimum balance has also helped bring my balances down a lot faster, thus reducing the interest rate with each call.

livinglegend7, I cut up my cards and returned to credit card companies and then go a prepaid Visa debit card. I load what I need and only spend what I have. I works pretty well for me; my card is accepted everywhere Visa is.

Once I realized the idea of debt and decided to earn and create more income. By doing this I paid off all my debt and a revolving ideology of earning money not debt.

I defaulted over $16000 many moons ago. I just left the debt behind and the statute of limitations period passed by quickly. Now I get credit and pay it off in full or as much as I can. Credit cards are for the times when you don't have ready money on your person.

and if you have debts that doesn't have interest rates yet then you should pay that way before the interest would come in

What you said makes a lot of sense to me, although I also think it's important to pay down the card with the highest balance too. I try to make my monthly payments a mathematical equation (although I'm absolutely terrible at math). I like to pay off whatever I've spent that month on the card, plus an extra hundred bucks or so. I also like to put WHATEVER I earn online straight into paying off my card. I have two as of right now. One is a student card with my bank, where the limit is $150 and there's a 0% interest rate, and another is with CitiBank and I have about $1200 on it - and there's like a 19% interest rate. So, needless to say, I'm putting more effort into paying down the one with the larger interest rate- it just makes SENSE! :)