Getting out of CC debt..
Thread Starter
Joined: Jun 2003
Posts: 2,140
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From: Johnstown, PA
Getting out of CC debt..
Basically I find out that my girlfriend has a CC through walmart with $4000 on it. She missed ONE month payment and now the interest is 25%. The MINIMUM payment on it is $250 a month right now.
All my credit is tied up right now and Im not going to get any kind of low interest card with a high limit to start.
Shes 21 yrs old with good credit, but I think shes Fing it up because she doesnt have the money for this card every month. I found out about it because she couldnt afford to keep $250 away from me without me noticing. (We have joint account).
I realize that the best way to stay out of CC debt is to never get in it at all. Were past that though.
What are some options to get away from this 25% interest rate? At this point I cant afford to make more than the minimum payment to even eat away that the principal alittle bit.
Who can I talk to about this? I hear debt consolidation ads on the radio all the time.. Are they worth it? How exactly to CC balance transfers work??
Im just trying to find the best way to go about this so that the payments are manageable and I can eat away at that principle balance.
Thanks,
Dustin
All my credit is tied up right now and Im not going to get any kind of low interest card with a high limit to start.
Shes 21 yrs old with good credit, but I think shes Fing it up because she doesnt have the money for this card every month. I found out about it because she couldnt afford to keep $250 away from me without me noticing. (We have joint account).
I realize that the best way to stay out of CC debt is to never get in it at all. Were past that though.
What are some options to get away from this 25% interest rate? At this point I cant afford to make more than the minimum payment to even eat away that the principal alittle bit.
Who can I talk to about this? I hear debt consolidation ads on the radio all the time.. Are they worth it? How exactly to CC balance transfers work??
Im just trying to find the best way to go about this so that the payments are manageable and I can eat away at that principle balance.
Thanks,
Dustin
Registered User
Joined: Jun 2001
Posts: 3,867
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From: Oh kwa tan zen wan
Give her a good beatin'.
Seriously though, try to transfer to one of your CC's. Id imagine one of you guys has a CC with an APR lower than 25%. Store CC's are always the worst.
Last ditch you might want to take out a personal loan. Those are usually around 11% apr.
Seriously though, try to transfer to one of your CC's. Id imagine one of you guys has a CC with an APR lower than 25%. Store CC's are always the worst.
Last ditch you might want to take out a personal loan. Those are usually around 11% apr.
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