Financial problems hit everybody at some point in life. When we are young, credit cards look so cool, just pulling out a piece of plastic to buy something we can't afford. The problem is, many of us never get out of that mindset, and after a while, many people have over a dozen charge cards, and they are maxed out, which means most of their income goes to credit cards. They are so easy to charge and take effort to pay back.
If you are bad with managing money and figuring out what bills to pay first, and how much, you might need credit counseling. But remember, not all counselors are equal. You have to find one with a good rating, who has a history of success, and is willing to work with you. Use the search engines to read consumer reviews. As with anything, some are better than others.
But if you are able to stick to a financial plan, what you do is write down all of your cards, the payment owed, other bills you have, and determine the minimum amount you can ma ke on the cards, but attack the largest interest rate card first. You might spend a few years paying it down depending on how far in debt you are, but without a financial plan, you will simply be stuck in the same cycle paying the minimum on all cards, while the interest rates remain high.
Always pay the card with the highest interest rate first. Pay the minimums on the other cards. Any extra amount you can afford, even $5, makes a difference. Once you see the amount coming down, put every extra dollar on it. Attack each card at a time, and ignore the rest. Call the bank and negotiate a smaller interest rate. Some will, some won't, but if you don't make the effort to find out, you will never know.
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