Heyy, this is where I will be documenting my adventure with credit card debt. My three cards total about $13,000.00. This is because I used to be addicted to gambling. I have outlined a fantastic strategy to pay for this, and I will do what Dave Ramsey suggests. I have also been listening to him. In order to hold myself responsible and make sure I complete all of my payments, I want to write on my blog.
You’re capable of it! Examine the card with the highest annual percentage rate first; you should probably start there as that is where the majority of interest will come from.
just celebrated turning 24 last week. I owed $17,000 on credit cards in April. I currently possess 5,437. I will have $3000 on Friday and nothing at the end of September. Just keep going, and you’ll get through it quickly.
Step 1: Now that you’ve divided up the three CCs. Dave claims not to have one. You have no idea how to run one. Only cash. Recognise the distinction between needs and wants. Sell whatever you don’t need, and then use the proceeds from the sales to pay off your obligations. That will indicate if you’re being serious or merely chatting.
If you put in as much overtime as you can or find another work, you will quickly pay off your debt. After it has paid off, begin setting aside the additional money and saving or investing. Wise investing has a far higher chance of yielding profits than gambling.
You can pay off your debt quickly if you work as much overtime as you can or find another job. Once it has paid off, start putting the extra cash aside for investments or savings. Compared to gambling, wise investing has a much higher probability of being profitable.
Although it’s a good idea to have a plan in place to pay off the debt, in order to prevent relapses, you must address your addiction through group therapy or individual counselling.
Shiiiitttt, shiiiittt I was able to get out of the similar situation by using National Debt Relief. Although I had maxed out all of my credit cards, they advised me to stop autopay, which allowed me to reduce my debt to $8,000. This allowed me to leverage my debt and spread out my payments over 137 biweekly installments. I was a big guy in the residential world and suffered from being laid off from the concrete construction industry, but it costs a lot to lose a bid when no one is really trying to underbid me, so I went and unionised up, beating the minimum job pays and the warehouse. Now that I’m catching up with NDR, I hope to eventually buy a house.