Advice on how to get out of debt

Advice on how to get out of debt

Posted in the Credit Card Debt Forum


New York, NY

#1 Jan 27, 2012
I know some of the usual stuff such as spend less... never use the card again, pay more than the minimum etc.
Unfortunately, I had serious medical expenses and ran up a debt of around 16000 with an APR of 24.24%
I have another card with a 7500 limit with a 6.something APR. This card is empty,
I have the following 3 options, which one makes the most sense?
1. Transfer $7000 to the new card with the lower interest rate, and continue using the higher interest card for daily purchases, but work harder to pay it first.
2. Transfer $5000 to the lower interest rate card, freeze the higher rate card, and use only the lower interest rate card for purchases. I would then have to work on paying them off equally, since I need some room to spend money.
3. Freeze the higher interest rate card, and only use the lower rate card for purchased. I don't think this option make sense.
What to you suggest?

London, UK

#3 Mar 26, 2014
This is the first time I had ever applied for a loan. I couldn't have asked for anything more from the staff that answered any of my questions to the application process. Once this had all been completed the money was transferred quickly into my account. I will definitely be recommending 911PDAY .COM ( ) too my friends and family.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Credit Card Debt Discussions

Title Updated Last By Comments
Should You Pay The IRS or Credit Card Company f... May 7 7434ben 1
credit card debt paid over 50% in 24 hrs Mar '18 calvertlewin 1
News Payday loans growing problem (May '07) Mar '18 jean 79
News Should You Pay Off Student Loans or Credit Card... Mar '18 is Tandia really ... 1
News Here's why 33% of employees are distracted at work Mar '18 is Tandia really ... 1
Maybe walking away from credit card debt is the... (Apr '17) Jan '18 Soconfused 4
News Solutions for Americans still struggling to sav... Jan '18 lilian 2