What should I do if I have a lot of credit card debt?

If you always make your payments on time, you may have some success simply calling all your credit cards and asking them to lower your rates. My DH and I got in way over our heads (like, well over $50,000 in cc debt when we made about $50,000 per year between the two of us), and we were able to dig our way out that way. Every 6 months we called a requested rate reductions, and we always paid over the minimum. Then we threw any extra money we had into one card until it was paid off. Once we had one paid off, we called and requested a 0% balance transfer rate so taht we could transfer a different card onto it. We rolled out debt around that way until it was all at 0%. It's been maybe 5 years, and we are down to $14, 000.

If you google it then you will find alot of places. I do know that alot of them tell you that in order for them to help you, you have to be behind at least 3 months. They sign you up and neither you nor them contact your cc company's and they tell you to ignore them if they call looking for money. This way the cc companies will think you intend not to pay your bill and they will be willing to settle for less thinking its better than nothing.

sometimes if your in dept, you can go out and ask stores if they need daily help for 5 dollars a hour.

This is the company my DH and I used when we needed the help. I totally understand how you can get to were you are at. It took us 5 years, and we now have no debt.

http://debt-mgt.org/

Good Luck

http://www.creditadvisors.com/index.asp

try this website or google "credit counseling services".
Good luck.

For the individual who said to get a job for $5.00 an hour, thank you so much. I truly appreciate you from the bottom of my heart.

Bankruptcy is the way to go. Think about it, it will probably take you 10 years or more to pay everything off and then you’ll still have bad credit. If you claim bankruptcy now you’ll have great credit in 10 years. And you won’t lose your house or cars or any of those things they use to scare you. I have never known anyone to claim bankruptcy and not have new cell phones, cars and even better homes within 2 years.

Credit guard of America! http://www.creditguard.org/ We had to use them and boy did it help. We had around $16,000-$17,000 in credit card debt and that didnt include other loans or car payments or rent or anything, we relaly got in over our heads. Have all your bills in front of you when you call them, they will ask you each company, account number and current balance. They will also ask you how much you spend on household goods, from diapers to groceries, about how much your rent and utilities are, car payments all that stuff, to make sure you can afford to pay those bills on their program. Then once you sign up they contact each creditor and work to get a lower APR and many companies will get rid of over limit charges and/or late payments. CGA will give you an amount that they will take out once a month, you can pick the date that works best for you.

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Then they take it out and send it to your creditors. the only thing you have to do is make sure you have enough money to pay the monthly amount and possibly switch your payment due dates with your creidtors to make sure they know when the money is coming from the company.
We were told we would be paid off in full within 4 1/2 years. Well any time we got extra money we sent it to our creditors, tax returns, christmas money, anything extra. And we were paid off in under 2 years. there is no fee to withdrawl from the program early or anything. Totally worth it and we felt so much better knowing we were getting those things paid off!

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Oh and you will not be allowed to use those credit cards of aquire any new credit cards while on the program, it will show that you are in a debt counceling program on your creidt but it basically only affects your ability to get credit cards and buy a house. After you are out of the program it is totally wiped off your credit for good