Sunday, July 11th, 2010

what is the fastest way to get rid of credit card debt?

credit card debt
Unrickable asked:


Im a student and struggling with school finances as well as credit card debt, my paycheck mostly goes to school, what is the fastest way to pay off my credit debt.

3 Responses to “what is the fastest way to get rid of credit card debt?”

golferwhoworks Says:

get another part time job and work to pay the thing off

My Take on It Says:

You need to increase your income
Get a 2nd job

Adam Says:

debt is something that many people struggle with and if you let it get out of control it will consume you and your life. Learn the snowball affect. That means start paying off you lowest amount first. Take the amount and pay more than that. and while doing this you need to pay the minimum of the other debts. then when the lowest amount is paid off you take that amount you were paying for it and roll it into the next lowest debt. this is what we in the finance industry call the snowball effect. It works and works well. Good luck paying off your debt and don’t let it consume you.

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