25 thoughts on “Debt Management Tips : How to Get Out of Credit Card Debt

  1. I found this company very helpful in my credit consolidation and tax help. Here is their toll free number: 888-676-5644

  2. We find a lot of readers here at Consultant Journal started consulting because they needed a way to get on top of their debt payments. There is certainly a need to help people avoid debt – and get out of it when they do accumulate it.

  3. @ApplePromo. I’m definitely going to call the number you listed. It can’t hurt to find out what they have to say! Thanks for sharing…

  4. Regarding balance transfers, you failed to mention the transfer fees. Some banks charge these. The credit card I tried to get from my local credit union @ 7.9% APR did not have a transfer fee. Be sure to ask if there is a fee before doing any balance transfer. In addition, I was able to get my American Express Skymiles Gold APR of 14.50% lowered to 13.50% and they offered to do it! If you talk to your creditors sometimes they will lower your APR rate after a certain period of time or automatica

  5. @melthompsoniii Con’t… I asked Chase Freedom to lower their APR of 22.99% to 12% APR and keep the card open so I could use the cash back feature to help bring the balance down. They refused, unless, I closed the account. I realized this was the only way. You have to charge to get the cash back and it would just get eaten up by the interest anyway. The only way to use this card and benefit is to pay off the entire balance you charge each month. Anyway, American Express Gold lowered their APR o

  6. @melthompsoniii. Chase inticed me with offering me the Chase Freedom Cash Back credit card and a $3,000.00 credit limit. Also, I got an offer from American Express Delta Skymiles Gold credit card with a $2,000.00 credit limit and points toward Skymiles. I took the bait for both cards. I really needed a couple of cards for emergencies and I had to use both cards for just that reason. An auto accident cost me $700.00 in October.

  7. @melthompsoniii. I totally agree with you that non-payment of credit cards is better than bankruptcy…

  8. In addition, I have called Green Path and have spoke with them as well. It took years to build my credit up on these cards and I don’t want to file bankruptcy, but, I have tried all the options. I am on Social Security and have a limited income. I used three of these cards for emergencies and I am glad I had them at that time. I pay out $200.00 a month in credit cards after I pay my basic bills and have maybe $30.00 left to live on the rest of the month. I get paid on the 3rd of each month.

  9. Con’t….many inquiries in the last 12 months!
    In addition, I have called my bank, which is Chase, and asked if I could get a personal loan to pay off this credit card at a lower amount. They don’t do personal loans, I would have to go to another bank. So far, I have never missed a payment on any of my cards. I only wish I would have taken advantage of the 0% interest for 6 months that Chase offered, and transferred one of my lower balance, high interest credit cards during that period.

  10. Con’t…month, not including the minimum payment which brought the amount up to $85.00 a month! I called a local credit union and applied for their low interest credit card of 7.9% APR in hopes of transferring my Chase Freedom balance. They turned me down due to a credit report listing 5 reasons. I had all three credit bureaus send me my reports. My FICO score is 642, which is a pretty good score. According to the reports, it listed revolving balances too high, number of delinquent accts, & too

  11. This is a good video, but, some of the things she mentions I have tried. I have $9,000.00 in credit card debt. I have just cancelled my Chase Freedom card on their proactive solutions program at 6% interest @ $60.00 a month for 60 months. The payment was $85.00 a month and I had to get that payment down. They were charging me 1% of a $3,000.00 balance plus 22.99% APR!
    This is a cash back card….have never had one like this. After the 6 month 0% interest was up they starting charging $54.97 a

  12. Where your credit is concerned, non-payment of credit card debt is better than bankruptcy. Bankruptcy is a ten-year deep freeze on your credit, while the effects of late payments and charge-offs ease with time

  13. Bank of America, Chase, Citigroup, and Capital One, all too-big-to-fail institutions, all bailed out for billions in 2008, issue over two-thirds of the credit cards used in the U.S. While they each benefited from a bailout when misfortune or poor judgment befell THEM, none of their credit card holders can hope for the same.

  14. I had some major issues with my credit and now I have this company working on getting my credit score back up I think their really good…I would really recommend them.. Heres the number 1-877-787-4938

  15. its difficult to control debt when institution like CITIBANK increase your credit card interest rate 5% with NO NOTIFICATION and they claim its an “across the board” increase.

    and transferring one card balance to another is subject to instant interest as its treated like a cash advance

  16. Analyzing all consequences and the effects if you decide to get a loan for debt consolidation, the much required thing is to choose a provider for this service and more importantly an appropriate provider.
    go4loans.com.au/home-loans/DebtConsolidation

  17. stop wasting ur money on garbage people and start saving ur money
    forget luxury no room for that anymore

    good video….good info

  18. “stop adding new credit card debt”. This is the only way to help you reduce credit card debt.

  19. Great video! You spoke the words of truth in your first couple of sentences. While the banks were a huge part of the problem of the recession, the main problem that the people caused was paying for what they couldn’t afford. This applies to credit cards and purchasing large houses that people couldn’t afford. Check out the videos on my channel and please check out my website mentioned in the description of all my videos for any financial assistance.

  20. Yeah, good advice here.

    Another thing that’s important though is to make sure that you save where possible, I mean, what’s the point not shoppng around properly for loans and credit cards, you need to know where to get the best deals so you’re not ripped off.

  21. Anther good reason to pay off the lower balance credit cards first is it will give you an incentive to keep going!!! You will see that you have paid one off and it is over!! Then you can add the money you were paying on that card to the others and just keep whittling them down until they are all paid off…God willing nothing else gets in the way.

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