If you have 14,000 dollars worth of credit card debt what is the brst way of getting rid of it?
396911
Pay it, if you cannot afford it try to maintain the interest low by talking with the bank. Or borrow the 14,000 from somebody.
371351
Go with the Dave Ramsey method, pay minimum payments on largest debt while paying more on smaller ones and get the smaller ones paid off first.  Then when you get one paid off, put that much more on the next one.  I am doing this and it works!  I have lived paycheck to paycheck and have now paid off over $2,000 in debt so far in 2006.  It works!
950907
One thing to remember if/when you pay stuff off (mainly credit cards) is even if you pay a card of so you have $0.00 outstanding that cad will still be looked at as potential debt, so say you have a $5000 limit & you pay off the $1400 you still have the ability to get $5000 more in debt after the home stuff goes through.\nIf you have more than 2 or 3 credit cards consider closing them so it will not be seen as potential debt, if not then pay them off & lower the credit limits to say $1000, Even at 680 it's a pretty good score so even a few months after the home stuff happens yopu can have the limit raised back up again.\nThat may help a bit. Also remember the places that report your  credit only do so about once a month so even if anything does change you may not see any change for 30-60 days.\nOh and dont pay anything late, miss payments etc\n\nIn addition:\nDue to the two silly fools below me I guess I should mention I work for the 2nd largest bank in the world. \nKeeping multiple empty card open is of no help in any way at all. It just show you can get in more debt as soon as you like & that does not look good for credit. As for raising the credit limit well thats just stupid for this persons situation. Not only will you then get more enquiries on you credit report (another bad thing) but it then shows you can get into even more debt.
317036
Here is a method I used once to get rid of a legitimate debt that I owed. You may be ablet to adapt this and use it for yourself. \n\nI owed a $485 bill to AT&T that I refused to pay until they took down a cell phone tower that had been illegally erected right next to someone's back yard. Of course they ignored me, so I ignored them right back and things went round and round for a few years like that. finally the debt was sold to a collection agency and then to another one and finally to one in Florida. Up to this point none of them had reported it to any of the credit bureaus. Suddenly one day, there it was! A festering puss-filled sore right in the middle of my credit report! I immediately wrote a letter to the collection agency saying that the debt was not mine, that this was an old debt (by now it was over five years) that was being shopped around until they could stick it on somebody. I told them this was very damaging to my credit, that I had no other late payments, and I demanded they remove it immediately. Also, I said, at the time this debt was incurred there had been two other people living in the same county as me with exactly the same name as me, and it must have belonged to one of them. Again I demanded that they remove this thing from my credit report. About two weeks later I got a very apologetic letter from them saying how sorry they were for the mistake and yes it would be removed from my credit report immediately. It was and I never heard from anyone about this again.\n\n"Hell no," said Tom. "I'm not paying this. You can take this bill and shove it!"
366527
I have seen many such web sites, but believe that solid financial decisions are the best way to get out of debt.  Many websites attempt to charge you for their information, so I would be cautious about those.  A debt payoff website should not charge you for their services, as that will just compound the problem of being in debt.\n\nIf you are interested in paying off debt early, I recommend that you embrace the following steps:\n\n1. Stop creating new debt - no loans, no credit cards, nothing\n\n2. Identify the debt with the highest interest rate.  Contact the company and request a lower rate.  Many companies will give customers with good records lower rates to keep them as customers.  If your company will not, consider transferring the balance to a lower interest card/loan.  Be careful to avoid fees for this type of transfer and always read the fine print.  Repeat this step as necessary for all of your debt until you have the lowest rates possible.\n\n3. Take the highest interest rate debt you have at this point and apply savings you have to this debt, along with any additional money you can scrape together.  Never pay just the minimum on this debt.  Your goal for this debt is to get it paid off as quickly as you can manage.  I have found that it is often necessary to give up some luxuries while paying off your debt, but remember it will all be worth it when you get to the end of the tunnel and can enjoy all of your income as you wish.  Continue making the minimum payments on your other debts.\n\n4.  Once you have paid off the highest debt you have, apply all of the money you were using to pay off that debt to the card with the second highest rate.  Continue whittling away your debt by paying off each debt in descending order.  Apply the money from the other debts to the next debt as you pay off each loan you have.\n\n5. Once you have paid off your debts, begin a savings plan moving the debt payoff money into a savings account each month to begin working for you.  Buy items with cash in the future, using the savings that you will accumulate.\n\nBy the way, I've been debt free for 9 months now!!\n\nGood luck!
118797
Buy some furniture and pay it off on their 30/60/90 day no interst plan.\n Be sure to pay off the balance on the third payment.\n\nReally, you are young and have a lifetime to pay their pockets.  You won't have any problem getting a credit card. Ask me later how you can get out from under 20k debt.
844691
Talk to your bank about getting a consolidation loan to pay them off, or put them all on one credit card so you'll just have one payment to send.
668687
it should be cleared, as well as all attempts to collect it after 7 years of default. you will have to do the leg work as creditors won't do it on their own, so push them and keep pushing them to remove it.
4235
I think that you could just notify the bank/cc company of your interest, after all, I hear that they have even sent credit card offers to dogs, babies and dead people.  \n     Getting the credit isn't the problem, paying it off and not becoming a slave to it is!  Been there, done that, and never again! Been three years debt FREE!!!\n CASH is King, debt is dumb and the paid off home mortage is the NEW status symbol of wealth!!!!
731063
Bad credit is one of the worst problems to have... however there exists a solution.\n\nI will hereby talk from my personal experience.\n\nI did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,\nif someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,\n\na good place to start in my humble opinion is astraight to the point ebook with question and answer I found :\n\nhttp://umgarticles.atspace.com/debt-consolidation.htm\n\nif it helps kindly remember me in your voting!.. cheers!
578935
Transferring your balances from one credit card to another is not the solution to getting out of consumer credit card debt.  It will look like you cannot manage your debt and have gotten in over your head.\n\nI used to work for a major credit card company, and can offer some quick advice:\n\nDepending upon your current credit worthiness and the amount of outstanding revolving debt you carry, you may not be eligible for obtaining another card with a limit which can accomodate your current balances.\n\nThat said, also be aware that credit cards and your payments toward them are allotted into 4 categories: \n\n1) Purchases\n2) Cash Advances\n3) Balance Transfers\n4) Other\n\nLet us put this into a practical example:\n\nLet's say you just purchased $100 in clothes at your favorite store, and you charge it to your credit card, and let's say for example that the interest rate is 10 percent.  That transaction falls into category "1", purchases.  You are now carrying a balance of $100 dollars on your account.  The next day, you decide to transfer all your balances from other credit cards onto this same card, in order to consolidate your bills and take advantage of a "zero percent" offer.\n\nLet's say you transfer $1,000 in balances.  This falls into category "3".  So far, you have $100 in category 1, and $1,000 in category 3.  Still with me?\n\nNow you make a payment of $100.00, so that you won't have to incur that 10 percent interest for category 1.\n\nWhat actually happens is that the $100.00 is applied to your balance transfer in category 3 FIRST.  Credit card payments start with category 4 (some companies name them A, B, C, and D) and filter their way to category 1.  \n\nSo now you end up getting charged 10 percent interest for  all your puchases month after month UNTIL you pay off the $1,000 at zero percent.  The more purchases  you make, the more interest you are paying.  Essentially, any card carrying a balance transfer is no good for making purchases, because you cannot pay those purchases off until you pay the transfer off.\n\nSo even though you are getting zero percent, you are still paying interest.  Sneaky, eh?  Imagine if your interest rate wasn't 10 percent, but 18 percent?\n\nThe best thing to do is go to your bank and ask about taking a consolidation loan.  If approved, they will ask you to close your accounts and they will pay them for you.  You will make payments to the bank at a lower interest rate, and everything will show on your credit report as "paid as agreed".  \n\nDO NOT use a debt management service, because that often appears on your credit report and reflects negatively- it looks as though you can't pay your bills responsibly.\n\nThe difference between getting a bank loan and a debt management service is that the debt management service negotiates with your creditors to accept smaller monthly payments to eventually pay your balances, while the bank pays them in full.\n\nAfter all is said and done, the best way to manage your finances is to live below your means.  If you don't can't pay cash for it (the exceptions being a house or a car) you probably don't need it, or you're going to have to wait to save money for it.\n\nLearn to live that way and your life will improve drastically.\n\nGood Luck!
636404
yea, call the credit card company and ask for a card with a certain amount of money on it, they should send it in the mail, and then when she gets back call them agian and cancell the credit card. And then you need to chop the credit card into little bitty peices.
728605
start with a small emergency savings, then pay off the debt.  After that you can invest.\n\nThink of it this way... would you take a cash advance on your credit card to make an investment in something?  Probably not.  So pay off the credit card and you save yourself the interest as well as free up more money to invest with.
926547
Start by obtaining your credit report. Check for inaccuracies and dispute them if they are truly inaccurate. Pay down your accurate debt. Keep your accounts open, just pay down the debt to 30% or below the limit. For example if your card's limit is $100, only use $30 or less and pay it off, but keep the card active.
143896
The best plan is to get on a tight budget, work extra, sell stuff, and put all the extra money toward the debt.  Check out http://www.daveramsey.com and the forums there for additional information on becoming debt free.\n\nGood luck.
960694
You might call the number on the back of you card and inquire what credit amount you have remaining. It would serve you better to reduce your personal debt.
36608
Please go to www.daveramsey.com - this plan of simple common sense can help you !!!\n\n\nFirst, Stop using your credit cards.\n\n \n\n“People change their lives only when they say, ‘I’ve had it!’” – Les Brown\n\n \n\nThink you can’t exist in the 21st century without credit?  Do you have at least one credit card?  Did you sign up just for the bonus miles or cash back?  Sounds like it’s time for you to perform a plasectomy.  (That’s what Dave calls cutting up your credit card.)  You’ve heard all the lies, now here are a few facts about credit.\n\n \n\nMyth: No on can live without credit cards.\n\nFact: Actually, 24% of American households are getting by just fine without any type of credit according to a Federal Reserve survey of consumer finances.  Try using your debit card or cash instead.  If millions of Americans can live without credit, so can you!\n\n \n\nMyth: Credit cards help me get airline miles, cash back and other discounts.\n\nFact: Yeah, credit cards also help you get into debt.  Consumer Reports say that only 25% of airline miles are ever redeemed – and credit card companies know it.  Earning a few airline miles is not worth thousands of dollars in debt.  \n\n \n\nMyth: I can just pay off the balance at the end of every month.\n\nFact: You’ll be in the minority.  According to CardWeb.com, only 40% of credit card users pay off their balance when they receive the bill.  Plus, overspending is inevitable when you use a credit card.  It’s just easier to swipe a piece of plastic than it is to flash the cash.\n\n \n\nMyth: “Ninety days same as cash” is the smart way to buy.\n\nFact: “Ninety days same as cash” is a scam.  Retailers know that most consumers won’t pay their balance in 90 days, which means you get stuck with outrageous interest rates and back charges to boot.\n\n \n\nMyth: I’m required to have a credit card to buy a house.\n\nFact: Several quality mortgage companies provide underwriting which allows you to purchase a home without a credit card.  If your mortgage lender requires a credit card for your home loan, run – don’t walk – to a lender who will actually help you achieve freedom from credit.