How to get out of debt...????

You need to make a monthly budget. Calculate your expenses and what's left after you had paid the important bills. Then you'll discover how much money you have left. Sometimes you have to reduce your monthly spendings and put that extra on your payment for your credit card debts. Control and discipline your spendings. Stick to your payment plan until you've paid off your credit card debts.

To be able to free yourself from credit card debt, you will need to discipline your self. You need to control your monthly spending and try to settle as much debt as possible every month until the debt was zero. If you feels it is a burden to you, try to find some part-time job, where you can earn some extra to pay off the debt. Because credit card debt will keep accumulating, if you don't settle the amount fast. One of my friends ever being in deep trouble just because she lazy to settle the debt on time. Good luck to you...

I think that the best way to deal with debt is to try and stay on top of your payments as much as possible. Otherwise things may get out of control, and will just get more stressful. I do know that it's not always easy to deal with debt and to stay on top of it, but I think that the best thing is to do the best that you possibly can.

See if your library has "Total Money Makeover" by Dave Ramsey and start paying your debts smallest to largest and don't use credit cards.

I say, forget about saving. If there are thing you want, buy them, then look into a network marketing company because that is how so many people are able to pay off their debts. Read Napoleon Hills "Think and Grow Rich" In it he says burn your bridges so that the only option you have is to succeed. check out mlmblog.typepad.com/ytb_travel_blog/2007/02/burn_the_boats_.html A very inspiring story which those who wish to succeed especially under dire circumstances use, and they make it. There are numerous stories out there. Find them. Read them if you must. And make a change in your life! Never settle for worry, or circumstances that are less than what you desire!

That is also one of my problems before, but as soon as I got pregnant. I did all the things needed for me to stop using or having credit card debts. I've loan money in the bank and paid all my credit card debts. Just make sure that the interest total rate you've loan is lower than the interest rates added monthly in your credit card bills. :) Now, the only thing I need to do is to pay the monthly amount from my loan and buy things or save money for my little one. :)

We stopped using our credit cards and tried to find ways to make extra money so we could send as much as possible to the debt. Once the debt was paid off, we ended up with plenty of money each month, it was the debt that was causing most of our problems.

I'm not good with this type of thing but I know someone who is. You should listen to Clark Howard. He has a radio show, a tv show and a website. He's great with this and all sorts of other things about money and not getting ripped off. I do know he will tell you not to cancel your card. Just tune in he gets this type question all the time. He gives expert advice and he gives it for free! He's nice too!

Get it paid off as soon as possible, even if you have to take a bank loan to do it: the interest rates on credit cards are horrific. You're usually better off with a small loan at a better rate that the bank will also take directly from your account, so you don't have the chance to miss a payment and get in trouble again. You obviously need to check rates but my guess is that it'll be worth it. (And cut the card up as soon as it's paid: get rid of it and any others before you mess up again! ) There's another option but, given that you're already in card trouble, I don't think it will work for you. It requires a lot of organisation and care: you look around for new cards that allow balance transfers at reduced rates. For instance, if you're paying 10% a month on the current one, you find a card that offer to transfer the balance and give you 6% for 6 months (or something - some are even free for a month or two). You do that. Then, 4-5 months later, you find another card that'll do the same. You keep shuffling the money around at zero (or very low) interest to ensure that what you CAN pay actually affects the balance. Personally, I think you're probably better off with the first option.

@xcyper2084: For me, there is only one best solution - quit using the card. Credit cards interest are extremely dangerous, especially when you are the type of person who are unable to control your expenditure. Believe me, even Warren Buffet does not have any credit card (I am sure many banks would like to offer him one) so why people like us should have one? Nevertheless, I know sometimes credit cards can be useful especially when we need fast cash. However, I believe when the benefits of something are less than the harm it is better to avoid it. But if you still insist of using it, you need to learn how to control yourself of your expenditure. But personally, I prefer the former. Happy myLotting!

Maybe you should try to pay what you can. You can go to a debt relief center where they can help you pay off your debt in payments you can afford. I don't want a credit card anytime soon. My mom's friend is knee deep in debt from his student loans from college and credit card debt that he hadn't pay on in years because he's so busy trying to help my insane mother and his family out.