How to Pay Off Your Debt

You know what the stupidest thing created is? MINIMUM PAYMENTS. If you are the owner of high interest credit cards, this is a must read. IF you are struggling with thousands of dollars of debt, there are several things you can do.

First, check your credit score. There are plenty of free credit sites around the web. Check for errors and dispute information, even if it has nothing to do with your balance!

Second, check to see your utilization ratio. If your cards are maxed out, go to your closest relative and ask them to make you an additional user on their highest credit card limit. Assure them that you will not need a card, but that the additional open credit lowers your debt to credit ratio.

Make your minimum payments for couple months on ALL your cards. Within couple months, your score will rise-- enough to obtain a small personal loan from SOFI, Lending Club or Prosper. Take the loan and pay off your credit cards. Consolidate your payments into 1 PAYMENT.

If you have old lates, charge off's or irrelevant data, write good will letters to the creditors till they are sick of you.
You will see within 6 months, your credit and debt will be in a much better place.

Still doesn't apply to your scenario? Contact me, and ill tell you whats the best approach for you!