is it better to pay off your credit cards with a debt consolidation or just pay it off yourself?
especially if you dont' have the money to pay off the monthly balance? i have ,000 worth of credit card debt and not sure if it was a good idea to get a debt consolidation loan to pay 3 of 'em.
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Keep your head up–you can do this yourself! The debt probably wasn't created overnight, and it is going to take some time to work through to pay it off. Here a couple of quick tips for getting out of debt, and staying out:
1. Stop charging
2. Pay debts off smallest to largest, regardless of interest rate
3. Divide credit card minimum payments in half and pay that amount twice a month.
4. Make micro payments (commonly referred to as snowflakes) any time you receive extra money.
5. Don’t waste time with balance transfers, unless you owe more than $10k.
6. Find part-time work.
7. Close out your newest accounts as you pay them off.
8. Get angry! Make debt repayment your top financial priority and focus all your energy on getting out.