topic Re: HELP! I'm struggling to keep up with my credit card payments in Debt management https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24801#M785 I would not close the account. Closing credit lines lowers your credit score, which is going to be more detrimental in the long run. Calling the credit provider and discussing repayment plans is an option, though, as they do want their money, and they want you to continue being able to use their services. Fri, 03 May 2019 12:45:07 GMT Sarahkgo 2019-05-03T12:45:07Z HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/5062#M733 With the balance and interest constantly stacking up, it's impossible to keep up. What can I do? Fri, 27 Jul 2018 17:24:37 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/5062#M733 jimmyjam 2018-07-27T17:24:37Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/5064#M734 <P>The first thing to do, is to cut up or burn that credit card. Then call the issuer and close the account. That will prevent any probability of you even being tempted to try and use it again.</P> Fri, 27 Jul 2018 18:12:00 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/5064#M734 Carl 2018-07-27T18:12:00Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/5071#M735 <P>Calling the credit card companies is the first thing I would do, tell them your predicament and see what kind of options they can offer in the situation.</P><P>&nbsp;</P><P>If you're just completely underwater, your cards are maxed and realistically don't have the means to get these balances paid down or paid off, even over time, you could consult a bankruptcy attorney and see if that could be an option for your situation.</P> Fri, 27 Jul 2018 18:59:08 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/5071#M735 Lisa995 2018-07-27T18:59:08Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/5135#M736 <P>Have you heard of either the Snowball or Avalanche approach to paying off your debt?? You can either begin to pay off your card with the highest balance or with the highest interest rate. Either one will lead you on a path toward a debt free lifestyle! Check out one article I found helpful here:&nbsp;<A href="https://turbo.intuit.com/blog/debt/debt-repayment-strategy-81/&nbsp;" target="_blank">https://turbo.intuit.com/blog/debt/debt-repayment-strategy-81/&nbsp;</A></P><P>&nbsp;</P><P>Also, has anyone else had experience with one of these approaches? Did it help improve your credit score like mine did?&nbsp;</P> Mon, 30 Jul 2018 22:00:11 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/5135#M736 CatStevens 2018-07-30T22:00:11Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/6332#M737 I am having the same issue and looking for answers to make it all happen. So my payments are on time and I can skip the fees. Tue, 02 Oct 2018 00:50:31 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/6332#M737 Jhalimon 2018-10-02T00:50:31Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/7222#M738 I was drowning with my credit card payments. So I came accross someone who told me about the snowball approach to pay off my debt. I started putting all my extra cash towards my smallest credit card till it was paid off, then the next, and the next. My credit score has increased so much since then! It definitely worked for me. Mon, 05 Nov 2018 13:23:36 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/7222#M738 Suesaurus_94 2018-11-05T13:23:36Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/7484#M739 The debt snowball is probably the best approach. I am currently doing it and I have paid off around$13,000 in debt which includes two credit cards a small car loan and $4000 off another card. I would suggest Dave Ramsey’s book “Total Money Makeover”. He details the steps to take to do it. Get it. Read it. Do it. Also, the only way I think the avalanche method would be feasible is if you only had a few debts to pay that didn’t have large balances or interest rates. Sat, 17 Nov 2018 13:04:11 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/7484#M739 Pdavis89 2018-11-17T13:04:11Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/7935#M740 The debt snowball is a great tool. I would also call your credit card companies and ask them if they will freeze your account temporarily and lower your interest rate. Tue, 04 Dec 2018 12:08:38 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/7935#M740 LoRoz 2018-12-04T12:08:38Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8350#M741 Heard you my G<BR /><BR />***Why listen to me? Im well qualify because I just paid off 2 credit cards myself and one more to go take what you need chose is your.***<BR /><BR />Step one: List the number of credit cards with the interest on them.<BR /><BR />Step two: Organizations the Lowest to the Highest Interest and there due date.<BR /><BR />Step three: Pay the one with the lowest interest first (but you would say would it make more sense to pay the highest credit card though?) I thought so too but no, pay the smallest interest hard whatever the amount is due pay a bit more on top of that everything else just the minimum.<BR /><BR />Step four: Once the first credit card is paid in full then repeat.<BR /><BR />Step five: Don’t buy things that you have to sell a few years down the road, as your self do I really need this and if so for what reason.<BR /> Sun, 23 Dec 2018 06:03:13 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8350#M741 RaG 2018-12-23T06:03:13Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8351#M742 Oh FYI anyone saying cut or burn credit cards are un knowledgeable on what they talking about, use the cards wisely not because of someone else misunderstanding of using it think about it I just gave you an <span class="lia-unicode-emoji" title=":key:">🔑</span> once ago it on you to open the door <span class="lia-unicode-emoji" title=":door:">🚪</span> Financial Literacy Sun, 23 Dec 2018 06:07:22 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8351#M742 RaG 2018-12-23T06:07:22Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8452#M743 Not sure if you've found a solution that is working for you yet, but I hope you didn't close your accounts! Credit history is a factor in determining your credit score and unless your cards have annual fees attached to them, it will only hurt you to close the cards. Refrain from using them as much as possible until you can get the debt under control, but don't close them if you don't have to.<BR /><BR />Depending on your creditworthiness, I would consider a personal loan to consolidate your cards. Chances are the interest will be less than what you have with your cards &amp; it's easier to see exactly what you'll be paying monthly &amp; total (opposed to the CC's which compound interest daily) You can run pre-approvals on most loan websites (Discover, Payoff, Best Egg, Marcus, to name a few). You WILL deal with spam from them, but you can also see what they can offer you without a ding to your credit before your official application.<BR /><BR />Work out how much you owe total, what you're currently paying for all payments monthly, and what you can afford to pay monthly. Try to find a loan that matches up with those numbers. You might need to do a little finagling to get it just right. Match your monthly payment to what you're already paying monthly for the cards you want to pay off. Extend your loan term for the longest possible.<BR /><BR />Once you pay off your credit cards your score will jump &amp; you can always apply for a different loan with better terms after your score jumps. From that point, use cards minimally and only what you can pay off monthly. Don't make big purchases until you have cash saved up to pay off the bill immediately. Assign a recurring payment to each of your cards (Netflix on one card, gas on another, gym membership to a third) to keep them active. Take cards you don't need daily and put them in a drawer. Carry around a card for gas &amp; food only &amp; then just try to be as disciplined as you can with them.<BR /><BR />From personal experience, I was in a similar situation. Between a 0% interest balance transfer card, and a personal loan from Discover I was able to consolidate $15,000 in credit card debt. Two months after my score jumped (from 680 to 720) I applied for a new loan with my credit union at better terms (from 19% to 10%), resulting in a much smaller payment. When I over extend myself for the month, I borrow from my savings (which I have a bit of now that I'm not drowning in CC debt) to pay off the statement balance in full, then I pay myself back slowly at 0% interest. I still have the debt, but it's easier to handle. All of that to say it CAN be done.<BR /><BR />Best of luck. Fri, 28 Dec 2018 20:35:00 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8452#M743 tianaj 2018-12-28T20:35:00Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8453#M744 Don't do this. You need credit card history to build credit. Unless you are paying annual fees on your cards, don't close them. Fri, 28 Dec 2018 20:37:39 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8453#M744 tianaj 2018-12-28T20:37:39Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8470#M745 Hi,<BR />I’m 25yrs with no kids, 2 car payments (I live in New Jersey) and recently married. (Everyone situation is different). I started 2018 with a brand new job but 12k in credit card debt with high interest rates &amp; 3k in medical and zero savings. I’m ending 2018 with 10k in liquid cash and 4K in 401k and 3k in individual investment account. Here’s how I did it. I downloaded mint in January and it showed me my spending pattern and my financial status. I created a budget and cut my spending by 50% I was spending way to much on food almost as much as my rent. So, I started cooking and food prep every week. I’m now sepending only $300+ per month on food. And I’m also a bodybuilder so no I don’t starve myself. My wife and I split the rent and I pay for everything else. One job wasn’t cutting it so I got a second job in April. The second job was purely used to pay Credit Card debt because the interest was killing me. I finished paying off all credit cards in July. Started saving in August. I started my 401k in June. And my individual investment account in August. For Christmas I set $150 per person for gifts that I’m sure I will buy something and a box of cards for everyone else that I will just give a card. Turned out I only spent &amp;1800 for Christmas expenses vs 4K+ in previous years. And I sold items that I no longer need on eBay for extra income to pay for my Christmas expense. So basically.. I monitored my finances, built a decipline budget and stick to it, Find help where I could, took advantage of cash back from the credit cards, my credit score automatically went up in the whole process, work multiple jobs to increase income while decreasing expenditures, sell stuff I don’t need and built an investment portfolio. It was a hectic year now I comfortably work one Job and 2019 will be twice as better now I learnt how to manage my finances and credit. Stuff we never learn in school. Hope this helps. Sat, 29 Dec 2018 15:28:45 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8470#M745 Novech 2018-12-29T15:28:45Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8505#M746 <P>Hi! I agree with everyone else. You should keep your cards at home so you’re not tempted to swipe them while you’re out. I did that for the long time. My second recommendation is to only spend what you have. If you can’t grab your debit card and make a payment on something you used your credit card for right after a purchase, you should try to refrain from buying. Lastly, you can get a Credit Karma account and look at their credit card recommendations. They will tell you your approval odds and you can pick out a card best for you. I recently got an American Express and did a balance transfer which is a God send because it does not accrue interest for a year and some change, so that really helped me tackle my debt. I paid off my credit cards super fast after that! I know it’s hard, but try to keep a positive outlook and keep seeking help on forums like this and keeping up with what you owe and to whom. I live paycheck to paycheck now, but at least I know that I’m being responsible with my funds compared to before. I literally map out how I will spend my money a week before each paycheck. That helped me a lot too because I started to see where I was mindlessly spending and helped me nip those habits in the butt. Keep your head up! I promise it’ll get better if you really try!!</P> Thu, 03 Jan 2019 16:15:56 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8505#M746 jaasminfoote4 2019-01-03T16:15:56Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8669#M747 Sure it helps! It’s common sense and everything changed by me in terms of debt, once I took that path Fri, 04 Jan 2019 17:40:49 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8669#M747 joelspitz7 2019-01-04T17:40:49Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8698#M748 I'm having trouble with credit cards. The payments keep getting larger Sat, 05 Jan 2019 23:33:04 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8698#M748 dot2dot2004 2019-01-05T23:33:04Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/9489#M749 Reading this gave me an aneurysm. Please formulate sentences correctly before responding to important matters! Lol Thu, 24 Jan 2019 09:55:26 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/9489#M749 S550_gil 2019-01-24T09:55:26Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/9512#M750 <P>&nbsp;<SPAN>DO NOT! I repeat, DO NOT follow the advice of "close all credit card accounts" unless you want to seriously hurt your score.&nbsp;</SPAN></P><P>&nbsp;</P><P>RaG's advice of paying off credit cards in ascending order based on interest rate is a tried and true method, you also need to NOT put anymore debt on these cards. Use this method if you want to slowly stop the bleeding and you don't have the credit for the next option.</P><P>&nbsp;</P><P>If you have good credit and you use a credit union, see if they have any deals going on with credit cards. Some will offer no interest credit cards for 2 years with no transfer fees. You could consolidate all card debt onto one card that has no interest, which will give you time to breathe and stop the interest rate hemorrhaging. After you have zero balance on the cards you just transferred, you DO NOT USE THEM AGAIN until you have paid back every penny of this debt. This is going to require self control so you don't keep digging yourself deeper into a hole.&nbsp;</P><P>&nbsp;</P><P>Start making big payments on the new card (basically add up all of the minimum payment requirements for each card, and how much interest you were being charged and whatever else you can add to the monthly payment of that card). If your debt to income ratio is very high, I'd recommend making a strict budget and sticking to it until you've paid this card back before they start charging you interest.&nbsp;</P><P>&nbsp;</P><P>Either one of these will work if you're willing to acknowledge your problem and deal with it using these methods. The interest rates on these cards are going to absolutely murder you. Never use more than 15% of your total credit limit at any given time! That's a general rule of thumb.&nbsp;</P> Thu, 24 Jan 2019 17:50:41 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/9512#M750 loupokami 2019-01-24T17:50:41Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/9523#M751 Not true. To close an account leaves a bad mark on your credit. It doesn’t matter if it is paid off or not. It will read as a “closed” account. If I were you to say your credit, try to make arrangements to make a payment you can afford monthly so that you reduce the bill and can still handle the payment. I’m sure they will work with you. They want your money and you want your good credit. It’s a win win. Thu, 24 Jan 2019 21:39:08 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/9523#M751 CeCe1 2019-01-24T21:39:08Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/9819#M752 If you close your credit account it will really mess with your credit score Mon, 28 Jan 2019 03:28:55 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/9819#M752 Spender 2019-01-28T03:28:55Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/11046#M753 <P>You should actually never close the account. If you cut the card and keep the account open then your credit score will rise.</P> Mon, 04 Feb 2019 21:07:52 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/11046#M753 akadenis47 2019-02-04T21:07:52Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/12635#M754 Get a credit card with 0% interest introduction period. Transfer all your debt to it. Pay down as much as possible till the end of the intro period. Then do it again with another card. Continue this till the debt is eliminated. You may have to pay a one time transfer fee but 3% one time is much better than what’s going on now and you will start to make real progress. It worked for me and my credit score is around 800 and I eleininated all my debt. Thu, 14 Feb 2019 00:23:05 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/12635#M754 Jyak 2019-02-14T00:23:05Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/12917#M755 It took me 3 years, and now I’m at $0 debts. I started with the highest interest, and worked myself down. Fri, 15 Feb 2019 13:57:33 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/12917#M755 RaggedyAnnLuv 2019-02-15T13:57:33Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/13060#M756 A friend of mine did the avalanche and she said it helped a lot. I'm thinking of doing the same. Sat, 16 Feb 2019 00:38:17 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/13060#M756 SusanHines 2019-02-16T00:38:17Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/13822#M757 <P>I did cut up my credit cards and this helped remove the temptation to use the credit cards and only make payments toward the balances. It works.</P> Mon, 18 Feb 2019 05:44:15 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/13822#M757 mzabibu 2019-02-18T05:44:15Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16072#M758 <P><STRONG>O.K. if you pay off one credit card, Then how does the other credit card get paid? I have Two Credit cards,&nbsp; (closed) . I'm having a hard time paying what I owe, I have enough to pay one but what happens to the one I can't pay? It would take me at least a year to pay off one card, while giving nothing to the other card, because what I can pay is going to one card.</STRONG></P> Sat, 23 Feb 2019 05:00:15 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16072#M758 AK3 2019-02-23T05:00:15Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16288#M759 You should be making at least the minimum payment on all your debts. With two cards, you make the minimum payment on one and extra payments above the minimum on the other until it's paid off. If you can only afford the minimum payment for one card, then you need to reevaluate your spending habits and stop charging purchases to your credit cards. Pay all your bills first and then budget out the remainder of your money to any extra purchases, like going out/eating out, getting coffee, new clothes, etc. Sat, 23 Feb 2019 18:03:21 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16288#M759 tianaj 2019-02-23T18:03:21Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16320#M760 <P>If you have extra money for going out, coffee, and clothes, you are likely not experiencing a serious debt crisis.&nbsp; If you can truly only pay the minimum on one card with no going out, no coffee, no clothes, so be it. But do be honest with yourself here, and kind to yourself. One year is not that long in the financial world to pay off that one card. Then you can work on the other. Yes, your other card may go into default and into collection in the meantime, and yes, it may hurt your credit score and be a pretty awful experience for you. It may take years for your credit to recover. Still, it is not the end of the world. Sometimes when accounts go into collection, companies offer to settle with you for a fraction of the amount owed. I am not advocating financial carelessness or irresponsibility, which hurts all of us, but I would encourage you to be honest with yourself and consider other factors in addition to your credit score when determining how to get out from under your debt, if that is <EM>truly</EM> what you want to do.</P> Sat, 23 Feb 2019 19:13:13 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16320#M760 rocketsmom 2019-02-23T19:13:13Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16326#M761 Consolidate all on one card with a balance transfer. Sat, 23 Feb 2019 19:51:37 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16326#M761 Jyak 2019-02-23T19:51:37Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16579#M762 Credit for a vehicle Mon, 25 Feb 2019 12:11:27 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16579#M762 Kml21411 2019-02-25T12:11:27Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/17264#M763 I heard about the strategies and am currently using it. I went with highest balance. Got one paid off and have started on the next. It's working for me Wed, 27 Feb 2019 23:18:51 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/17264#M763 jcfeil12 2019-02-27T23:18:51Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/17717#M764 <P>DAVE RAMSEY! books videos and do Financial Peace University!! :_)&nbsp;</P> Sat, 02 Mar 2019 18:26:43 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/17717#M764 greg6543 2019-03-02T18:26:43Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/17805#M765 <P>Hello</P><P>I haven't charge anything for over a year now,&nbsp; I live in Senior Housing ( I'm a senior) who lives on Social Security and alimony now retired/Divorced ,I was doing average spending and&nbsp; surviving, then everything went up , My rent My utilities, Car Insurance,My Health Plan, so this took a bite out of my income.&nbsp; &nbsp;Therefore there wasn't quite enough to pay those two credit cards , I have&nbsp; No loans, Mortgages, No Nothing.. My priorities came first. I'm working on one card to try to stay ahead but the other card,&nbsp; is ready to go to a debt collector,&nbsp; I was giving "Good Faith payments, " but not good enough. My Credit Score took a dive,&nbsp; All the comments listed do this do that, To much to process,&nbsp;</P> Sun, 03 Mar 2019 05:32:18 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/17805#M765 AK3 2019-03-03T05:32:18Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/18291#M766 <P>You don't want to close your accounts because it will actually lower your credit score as it will change your credit to debt ratio. Destroy the card for sure and never use it again. Just keep paying the balance down. Good luck. I am in the same boat.</P> Wed, 06 Mar 2019 01:25:47 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/18291#M766 clubbjuju 2019-03-06T01:25:47Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/18787#M767 You have to work an 2nd job for the next 2 years and only use that overnight job to pay your bills. It will.be hard but that the only way to pay down your debit. Fri, 08 Mar 2019 21:54:34 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/18787#M767 Moneyman2019 2019-03-08T21:54:34Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/19172#M768 You can cut your cards up, but don’t close the accounts. Part of your credit score is calculated using your length of credit history. Closing them will hurt your credit score. Mon, 11 Mar 2019 18:11:53 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/19172#M768 Terence1011 2019-03-11T18:11:53Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/20944#M769 Stop using your credit card! You are spending beyond your means if you keep adding to the balance and cannot pay off what you purchased. Start using cash instead. Fri, 29 Mar 2019 01:05:04 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/20944#M769 Kate2 2019-03-29T01:05:04Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/20946#M770 You start with the smallest debt and pay that one off, then then pay off the next largest, and so on. That is the snowball approach. Paying off the smallest debt first provides quicker satisfaction because you see your progress quicker and you are more likely to keep going as you reach your debt payoff goals. Fri, 29 Mar 2019 01:08:41 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/20946#M770 Kate2 2019-03-29T01:08:41Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/21327#M771 Do not burn or cancel your credit cards. Such a move will affect your credit negatively. Instead put them away and do not touch them again till you have paid off your debt. Sun, 31 Mar 2019 16:09:15 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/21327#M771 Debt crusher 2019-03-31T16:09:15Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/22124#M772 <P>Just know that closing accounts does lower your score....</P> Sat, 06 Apr 2019 18:38:14 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/22124#M772 StarMan007 2019-04-06T18:38:14Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23405#M773 <P><STRONG>Hello</STRONG></P><P><STRONG>I have TWO Credit Cards&nbsp; One acct is closed.. making pyts. The One which is open I.&nbsp; have not been applying any pyts because of my income so I would assume it was signed over to a collection agency my acct online and credit report does not show&nbsp; Debt Collector or Collections, haven't used them I would say in a year. Both have balances on them.&nbsp; Total $4,800..... Both are also locked</STRONG></P> Sun, 14 Apr 2019 01:11:23 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23405#M773 AK3 2019-04-14T01:11:23Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23411#M774 <P><STRONG>Hello</STRONG></P><P><STRONG>I have two Credit cards, have not used for a year&nbsp; One is open, no pyts.. One is closed.. Yes Pyts. Both have the same Balance with maybe a&nbsp; $10- $15 difference.</STRONG></P> Sun, 14 Apr 2019 01:19:26 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23411#M774 AK3 2019-04-14T01:19:26Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23419#M775 <P><STRONG>Hello</STRONG></P><P><STRONG>Yes I'm aware of that (Haven't use in almost a year.) I have Two Credit cards&nbsp; with Balances. Total $4800....&nbsp; The one that is closed ,shows on my Credit Report "Closed by Consumer" . I do not remember closing that acct.??Questionable. The acct that is open gets no pyts The one that is closed gets pyts</STRONG></P> Sun, 14 Apr 2019 02:00:43 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23419#M775 AK3 2019-04-14T02:00:43Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23422#M776 <P><STRONG>Hello</STRONG></P><P><STRONG>Yes I have Two Credit Cards Total Owed $4,800 One card is Open , One card is closed Im paying on the acct that is closed&nbsp; ( I just picked one to pay)The one that is open I can't do right now&nbsp; What I don't understand is why it has not gone to collection. I had no choice for that card. I had to let it go,&nbsp; It's been a year but I don't see anywhere that it is collection.</STRONG></P> Sun, 14 Apr 2019 02:08:51 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23422#M776 AK3 2019-04-14T02:08:51Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23423#M777 <P><STRONG>Hello</STRONG></P><P><STRONG>Work a second job? I don't even have a First job... I'm "Retired" and 75 years old. My Job days are over..Not easy being a Senior Citizen.</STRONG></P> Sun, 14 Apr 2019 02:11:00 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23423#M777 AK3 2019-04-14T02:11:00Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23472#M778 Do a Balance transfer to a card that will offer a 0% APR for sometime. That will help you out with saving some money on interest. Once you’re done with that Balance transfer at 0% APR, do another one, and continue until you’ve paid it off. Refrain from actually using the card. Sun, 14 Apr 2019 13:15:39 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23472#M778 Krystaniemi 2019-04-14T13:15:39Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24149#M779 <P>Because of high interest</P> Fri, 19 Apr 2019 17:59:18 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24149#M779 casa51 2019-04-19T17:59:18Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24332#M780 <P><U>Hello</U></P><P><U>It would be impossible for me to qualify for a Credit Card. I have not made a pyt to Capital One in almost a year. I'm trying to stay afloat with my Discover Card (closed) making planned pyts. Once paid then I will start paying Capital One starting Jan 2020 I can't pay both.</U></P> Tue, 23 Apr 2019 03:06:45 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24332#M780 AK3 2019-04-23T03:06:45Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24524#M781 I used the snowball approach! Along with a few hard earned raises at work this year I paid of about 9 grand in cc debt. I'm in the process of paying off the last one this one and then using them responsibly to build my credit. Fri, 26 Apr 2019 02:49:38 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24524#M781 Morgan95 2019-04-26T02:49:38Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24572#M782 <P><STRONG>Hello</STRONG></P><P><STRONG>Thank you..</STRONG></P><P>&nbsp;</P> Sat, 27 Apr 2019 06:51:45 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24572#M782 AK3 2019-04-27T06:51:45Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24573#M783 <P><STRONG>Thank You!</STRONG></P><P><STRONG>Yes the interest is overbearing...&nbsp; I'm not a Fanatic Shopper,&nbsp; just what I do buy ,the interest&nbsp; is more than the purchase. I'm done with Cards..&nbsp; </STRONG></P> Sat, 27 Apr 2019 06:54:53 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24573#M783 AK3 2019-04-27T06:54:53Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24800#M784 First thing: cut non-necessities for at least 6 months. Movies, new clothes, going out to dinner or eating fast food, COFFEE from coffee shops - all of it. No fun times until you’re out from under the weight.<BR />Second thing: determine your discretionary funds - everything you have left after paying necessities like rent, insurance, utilities, groceries(that’s groceries, not “food” since food is a broad and expensive category) . Give yourself an emergency buffer, something that can help cover emergency repair costs or transportation to work. $250 - $500 would be my bet. The rest goes directly to your credit debt.<BR />Second thing, the first: of you have multiple credit lines, inquire with your bank about a consolidation credit line, to take what could be multiple interest rates and “consolidate” them into one. As long as the consolidation line of credit’s interest rate is t higher than your highest credit line, it’s a good deal.<BR /><BR />Third thing: your support network. You have coworkers, supervisors, friends and family who want you to do well, for many reasons. Communicating honestly with your employer about these things could open resources to you like credit counseling to lower your rates, or coordinating a carpool to reduce your transportation costs. Friends and family could help fill the entertainment gap with less expensive alternatives. This is going to help take the social pressure off; plus, if they know you’re actively pulling yourself out of debt, they’ll want to help! Fri, 03 May 2019 12:43:33 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24800#M784 Sarahkgo 2019-05-03T12:43:33Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24801#M785 I would not close the account. Closing credit lines lowers your credit score, which is going to be more detrimental in the long run. Calling the credit provider and discussing repayment plans is an option, though, as they do want their money, and they want you to continue being able to use their services. Fri, 03 May 2019 12:45:07 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24801#M785 Sarahkgo 2019-05-03T12:45:07Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/27733#M786 1) Don’t spend anymore on any card.<BR />2) Consolidate all your debt with your bank (watch for interest rates spike)<BR />3) If you will need a card to survive, and have no savings or anything, which I assume you don’t based on the fact you’re in this situation, transfer your balance into a card with O% transfer.<BR />4) All extra money, tips, a dollar, or $1M or what have you, pay down your bad debt (credit card).<BR />5) live below your means. 99.9% of people are doing what you’re doing and it will catch up to them. Live well below your means and make the sacrifices now to repair your credit, minimize your debts and only spend what you can afford. Do some self searching. Mind you, what you can afford does not equate to how much you make or have saved, what you can afford is after bills, after savings deposits, after debt repayment.<BR />6) Never buy a new car unless it is to built credit for a larger investment purchase such as a house or commercial property, even then I would caution against it.<BR />7) Research how to build a passive income and stop working for earned income (indentured servitude and enslavement). The future is yours. Don’t be discouraged, you can make it happen.<BR /><span class="lia-unicode-emoji" title=":smiling_face_with_sunglasses:">😎</span> If you apply for a card in the future, make sure the interest rate is $0%. If it is not, make sure that you don’t use your credit card. Instead, use your debit card. Credit Card limit is not your money and this should not be spent like it is yours. If you can’t pay it with your money you can’t afford it on a credit card. Stop trying to be someone you are not. That is unsustainable and you will become wealthier with a mindset that does not promote senseless spending. Frugality is key. Do your research, pay the debt, learn to use debt to your advantage and prosper. Everything will be okay. Wed, 29 May 2019 02:22:24 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/27733#M786 DEANGELOSTONE 2019-05-29T02:22:24Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/827847#M837 I would suggest transfering your balances to a nother card with a promotional 0% apr. Usually you can find some that offer 12-18 months no interest that will help you lower the high balances down drastically. I had an Amex card, high balance, transferred to 0% for 15 months card, lowered it even lower, then the remaining balance tranferred to another 0% for 12 months and was able to clear it. I think the 3% fee was reasonable enough to tranfer for the promo apr. Also look at credit unions. My credit union offers 0% apr for 12 billing cycles, $0 cash advance and $0 balance transfer fee. Hope it helps and good luck. Sun, 14 Jul 2019 00:11:18 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/827847#M837 frubio02 2019-07-14T00:11:18Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/830237#M845 It is not credit card debt that I am struggling with; it's my student loans that are giving me grief. Anyone have any ideas of how to get rid of it. <span class="lia-unicode-emoji" title=":winking_face_with_tongue:">😜</span> Thu, 18 Jul 2019 17:29:07 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/830237#M845 Rostyson 2019-07-18T17:29:07Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/830239#M846 It is not credit card debt that I am struggling with; it's my student loans that are giving me grief. Anyone have any ideas of how to get rid of it. Thu, 18 Jul 2019 17:30:46 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/830239#M846 Rostyson 2019-07-18T17:30:46Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/830278#M847 Okay, here’s an outline:<BR /><BR />1. If you haven’t already checked the National Student Loan Data System (nslds.ed.gov), do that to get a complete global view of your loans, if you’ve taken out multiple loans. You can also get a free credit report from different services and see all three credit reports; this will also show you how many loans you have outstanding. If you’ve taken multiple loans, they will all likely have different interest rates and minimum payments.<BR />2.a. If your loan(s) are federal, you can apply for a Direct Consolidation Loan to bring multiple payments and interest rates down to one. StudentLoans.gov is where you go to apply for that. This might come with certain time restrictions on repayment, but remember: student loan interest is TAX DEDUCTIBLE.<BR />2.b. You can consolidate ALL loan types privately as well, although that may remove certain benefits of federal loan programs, like loan forgiveness for public service, and income-based payment options.<BR />3. If you have one loan with a private lender, and your ability to pay the loan back has changed, then you can refinance the loan for a different repayment plan. This might also result in a better interest rate. In any event, the interest is tax deductible; hopefully you’ve been deducting!!<BR />4. If you haven’t been deducting your student loan interest, go back and amend your federal and state tax returns as far back as you can go. Some states have refund limits, like VA where you can only be refunded for amended tax returns within 5 years of filing date.<BR />5. As a last-ditch effort, hire a licensed fiduciary or accountant and get professional help. Although it sounds like I’m saying “spend money you don’t have!”, what I’m really saying is hurt a bit more right now to make the future less painful. Yes, it can run $100-$300 for a session, but it is seriously worth it to have someone with years of experience helping rich people stay rich look at your debt portfolio and restructure it for, do the negotiating for you.<BR /><BR />I hope this is somewhat helpful. Thu, 18 Jul 2019 18:52:08 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/830278#M847 Sarahkgo 2019-07-18T18:52:08Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/847169#M878 <P>There are non profit agencies like Consumer Credit Counselors, who can do a repayment program. Better than bankruptcy, but I heard there are now a lot of imitators who charge exorbitant fees. Definitely check out any company you are considering with the BBB and scam alert first.</P> Sun, 01 Sep 2019 04:09:48 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/847169#M878 CountryGirl28 2019-09-01T04:09:48Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/849202#M882 <P>That sounds awesome. Congratulations <span class="lia-unicode-emoji" title=":party_popper:">🎉</span></P><P>I don't believe in closing credit card accounts. Freezing them though sounds like a great option.</P><P>I have wanted to try Dave Ramsey's Snowball approach and in fact have started several times. Unfortunately I, life happened and I charged again. I lost half of my income when I turned 65. My LTD stopped.</P> Sat, 07 Sep 2019 21:34:17 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/849202#M882 Vababe54 2019-09-07T21:34:17Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/855645#M890 <P><LI-USER uid="13068"></LI-USER>&nbsp;that is a really good and fast way to pay stuff off. I’ve been using it and paid off two cards so far, now I’m paying $200/month on one card, once it’s paid off, then $250/month on the other card. It sounds impossible to do, to pay $200/month on a $650/biweekly income, but it’s possible when it starts to snowball up.&nbsp;</P> Wed, 25 Sep 2019 00:48:40 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/855645#M890 nickreese90 2019-09-25T00:48:40Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/949746#M907 <P>That is the worst advice you can give someone. 1st of all you are never going to build credit history if you close your accounts. Your credit score weighs heavily on credit history so In that case do whatever you need to help you pay it off w/o using it again; psa: cut it up.</P> Fri, 01 Nov 2019 23:08:42 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/949746#M907 BORI69 2019-11-01T23:08:42Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/949747#M908 <P>Another atrocious advice. Bankrupcy? There goes this person's chances to borrow a penny in like 15 yrs.&nbsp;</P><P>Calling your credit card companies is the correct thing to do but here in the US as long as you make a promise to make a monthly payment (even if its a dollar a month), credit companies cannot damage your credit. My advice is to make a monthly budget and divide that amount amongst all of your cards.&nbsp;</P> Fri, 01 Nov 2019 23:15:27 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/949747#M908 BORI69 2019-11-01T23:15:27Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/953477#M915 <P><FONT face="georgia,palatino">Your suggestion to others regarding paying down debt is commendable.&nbsp; However, the term you used is not making sense.&nbsp; Why should a debtor focus on INTEREST when the most important factor here is the BALANCE.&nbsp; People aren't focusing on&nbsp;<U>interest</U> when it's the&nbsp;<U>balance</U> that is more important.&nbsp; The credit card out of many that has the lowest interest should be targeted and paid down as quickly as possible.&nbsp; Once that's done, the next credit card with the lowest balance should be targeted to pay down quickly.&nbsp; As for the other high balance credit cards, they must be paid too in a timely fashion but only have a little more than the minimum payment submitted (e.g. $20 to $30 more if possible).&nbsp; Remember, once a payment is received for the month, a portion of that payment goes to the interest once the credit card statement is generated for the month.&nbsp;&nbsp;</FONT></P> Tue, 12 Nov 2019 00:03:03 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/953477#M915 rodkcam 2019-11-12T00:03:03Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/953518#M916 <P><FONT face="georgia,palatino">Your suggestion to others regarding paying down debt is commendable.&nbsp; However, the term you used is not making sense.&nbsp; Why should a debtor focus on INTEREST when the most important factor here is the BALANCE.&nbsp; People aren't focusing on&nbsp;<U>interest</U> when it's the&nbsp;<U>balance</U> that is more important.&nbsp; The credit card out of many that has the lowest interest should be targeted and paid down as quickly as possible.&nbsp; Once that's done, the next credit card with the lowest balance should be targeted to pay down quickly.&nbsp; As for the other high balance credit cards, they must be paid too in a timely fashion but only have a little more than the minimum payment submitted (e.g. $20 to $30 more if possible).&nbsp; Remember, once a payment is received for the month, a portion of that payment goes to the interest once the credit card statement is generated for the month.&nbsp;&nbsp;</FONT></P> Tue, 12 Nov 2019 02:00:30 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/953518#M916 rodkcam 2019-11-12T02:00:30Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/953562#M917 <P>The interest is how credit card companies and student loans(and personal loans) generate revenue for the credit lender. The higher the interest, the less the money goes towards the principle of the loan or the balance of the credit card. Paying towards ALL loans, while divvying up the payment amounts by interest, saves money over the long term. It shouldn’t be a single-minded focus on balance if you end up paying 10-15 percent more on the loan/balance than you would if you structure your debt repayment.</P><P>Understand how interest is calculated on your balance/loans is critical, as there are varying types of interest on loans. When I responded to the student loan question, I should have added this article from NerdWallet for reference:</P><P><SPAN><A href="https://www.nerdwallet.com/article/loans/student-loans/student-loan-interest-capitalization" target="_blank">https://www.nerdwallet.com/article/loans/student-loans/student-loan-interest-capitalization</A></SPAN></P><P><SPAN>Arithmetic and Finance are not synonymous; it’s more complex than simply “pay down the biggest number”. &nbsp;</SPAN></P> Tue, 12 Nov 2019 11:45:35 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/953562#M917 Sarahkgo 2019-11-12T11:45:35Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/990704#M956 <P>I definitely feel your pain. As others have recommended I would first cut up those credit cards and lock those accounts. If you’re really drowning in debt I would NOT recommend that you file for bankruptcy. That will completely trash your credit and it will be hard to recover from it. What I do recommend is trying to make some extra money to be able to make those payments or even if you’re living above your needs to actually sell some things (Including your house). Buy a smaller house, start buying cheaper groceries, and even sell your car for a cheaper one if the payments are affecting your able to make payments. Lastly, I would recommend that you listen to or read the book The Total Money Makeover by David Ramsey. It will definitely help you improve your life with debt.</P> Sun, 19 Jan 2020 00:36:55 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/990704#M956 AaronAndrew 2020-01-19T00:36:55Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1095562#M1000 <P>Idk let me know if you figure it out. Better yet how does one get money back from people that have borrowed it and won’t pay it back. &nbsp;These companies need to stop behaving like organized crime. It’s sick</P> Thu, 06 Feb 2020 02:48:52 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1095562#M1000 Grizzyboy 2020-02-06T02:48:52Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1103543#M1003 <P>A better job. Or another job&nbsp;</P> Fri, 07 Feb 2020 03:33:10 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1103543#M1003 Chesterburlz 2020-02-07T03:33:10Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1318410#M1078 <P>Closing credit cards is detrimental to your credit score. &nbsp;</P> Sun, 15 Mar 2020 05:58:50 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1318410#M1078 KLazo75 2020-03-15T05:58:50Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1644763#M1154 <P>To the other guy who replied to you; NEVER close a paid off credit card! That is the absolute worst advice you could give to somebody! First, stop using the card, next, like the other respondent said pay it off but next DO NOT close the account! You want to have as much available credit as you can! Even if you don’t use it much or ever! That is credit score building 101! Everybody knows that!</P> Wed, 24 Jun 2020 12:05:29 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1644763#M1154 Foley 2020-06-24T12:05:29Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1695462#M1161 <P>&lt;removed&gt; is awesome with paying down debt.</P> Mon, 20 Jul 2020 14:36:26 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1695462#M1161 Busybaker1119 2020-07-20T14:36:26Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1706621#M1173 <P>I had this problem yrs ago. I went to my Credit Union and got a loan to pay off my credit cards. Interest rates were so much lower&nbsp;@ 6.9%. &nbsp;It was a 3 yr loan and would be paid off and the payment was lower than my credit payments were. Also don’t cancel your credit cards, it will hurt your credit score especially if you’ve had them for awhile. Just pack them away. You can also put a freeze on them, until you really need to use them. After getting everything paid off, just use for emergencies and try and pay them off right away. Good Luck.&nbsp;</P> Mon, 10 Aug 2020 04:49:14 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1706621#M1173 Gosendr 2020-08-10T04:49:14Z Re: HELP! I'm struggling to keep up with my credit card payments https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1706622#M1174 <P>If you don’t have a Credit Union, you need to open one. I got a loan thru the Credit Union to pay off all my credit cards. Interest was only 6.9% for a 3 yr loan. My payments were a lot lower than my credit card payments together. After that was paid off I got a credit card thru them at 9.9%. I only use that for emergencies. I ask myself do I really it before I buy it now. Don’t cancel your old cards cause it will hurt your credit scores. I did cancel one because of the yearly charge. It was my oldest card and dropped my scores. Make sure not to run them up again once paid off. You can put a freeze on them until a later date when you might need to use one. I keep mine in a safe only for real emergencies. With the interest rates being so much lower at the Credit Union it makes you feel good watching your debt get paid down quicker and you could still send a bigger payment when possible and get it paid off even quicker. Good luck</P> Mon, 10 Aug 2020 05:05:53 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1706622#M1174 Gosendr 2020-08-10T05:05:53Z
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topic Re: HELP! I'm struggling to keep up with my credit card payments in Debt management
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24801#M785
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I would not close the account. Closing credit lines lowers your credit score, which is going to be more detrimental in the long run. Calling the credit provider and discussing repayment plans is an option, though, as they do want their money, and they want you to continue being able to use their services.
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<pubDate>Fri, 03 May 2019 12:45:07 GMT</pubDate>
<dc:creator>Sarahkgo</dc:creator>
<dc:date>2019-05-03T12:45:07Z</dc:date>
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<title>
HELP! I'm struggling to keep up with my credit card payments
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https://ttlc.intuit.com/community/lower-your-debt/discussion/help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/5062#M733
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With the balance and interest constantly stacking up, it's impossible to keep up. What can I do?
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<pubDate>Fri, 27 Jul 2018 17:24:37 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/5062#M733
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<dc:creator>jimmyjam</dc:creator>
<dc:date>2018-07-27T17:24:37Z</dc:date>
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Re: HELP! I'm struggling to keep up with my credit card payments
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/5064#M734
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<P>The first thing to do, is to cut up or burn that credit card. Then call the issuer and close the account. That will prevent any probability of you even being tempted to try and use it again.</P>
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<pubDate>Fri, 27 Jul 2018 18:12:00 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/5064#M734
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<dc:creator>Carl</dc:creator>
<dc:date>2018-07-27T18:12:00Z</dc:date>
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Re: HELP! I'm struggling to keep up with my credit card payments
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/5071#M735
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<P>Calling the credit card companies is the first thing I would do, tell them your predicament and see what kind of options they can offer in the situation.</P><P>&nbsp;</P><P>If you're just completely underwater, your cards are maxed and realistically don't have the means to get these balances paid down or paid off, even over time, you could consult a bankruptcy attorney and see if that could be an option for your situation.</P>
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<pubDate>Fri, 27 Jul 2018 18:59:08 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/5071#M735
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<dc:creator>Lisa995</dc:creator>
<dc:date>2018-07-27T18:59:08Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/5135#M736
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<P>Have you heard of either the Snowball or Avalanche approach to paying off your debt?? You can either begin to pay off your card with the highest balance or with the highest interest rate. Either one will lead you on a path toward a debt free lifestyle! Check out one article I found helpful here:&nbsp;<A href="https://turbo.intuit.com/blog/debt/debt-repayment-strategy-81/&nbsp;" target="_blank">https://turbo.intuit.com/blog/debt/debt-repayment-strategy-81/&nbsp;</A></P><P>&nbsp;</P><P>Also, has anyone else had experience with one of these approaches? Did it help improve your credit score like mine did?&nbsp;</P>
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<pubDate>Mon, 30 Jul 2018 22:00:11 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/5135#M736
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<dc:creator>CatStevens</dc:creator>
<dc:date>2018-07-30T22:00:11Z</dc:date>
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Re: HELP! I'm struggling to keep up with my credit card payments
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/6332#M737
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I am having the same issue and looking for answers to make it all happen. So my payments are on time and I can skip the fees.
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<pubDate>Tue, 02 Oct 2018 00:50:31 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/6332#M737
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<dc:creator>Jhalimon</dc:creator>
<dc:date>2018-10-02T00:50:31Z</dc:date>
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Re: HELP! I'm struggling to keep up with my credit card payments
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/7222#M738
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I was drowning with my credit card payments. So I came accross someone who told me about the snowball approach to pay off my debt. I started putting all my extra cash towards my smallest credit card till it was paid off, then the next, and the next. My credit score has increased so much since then! It definitely worked for me.
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<pubDate>Mon, 05 Nov 2018 13:23:36 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/7222#M738
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<dc:creator>Suesaurus_94</dc:creator>
<dc:date>2018-11-05T13:23:36Z</dc:date>
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Re: HELP! I'm struggling to keep up with my credit card payments
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/7484#M739
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The debt snowball is probably the best approach. I am currently doing it and I have paid off around$13,000 in debt which includes two credit cards a small car loan and $4000 off another card. I would suggest Dave Ramsey’s book “Total Money Makeover”. He details the steps to take to do it. Get it. Read it. Do it. Also, the only way I think the avalanche method would be feasible is if you only had a few debts to pay that didn’t have large balances or interest rates.
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<pubDate>Sat, 17 Nov 2018 13:04:11 GMT</pubDate>
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<dc:creator>Pdavis89</dc:creator>
<dc:date>2018-11-17T13:04:11Z</dc:date>
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Re: HELP! I'm struggling to keep up with my credit card payments
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/7935#M740
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The debt snowball is a great tool. I would also call your credit card companies and ask them if they will freeze your account temporarily and lower your interest rate.
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<pubDate>Tue, 04 Dec 2018 12:08:38 GMT</pubDate>
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<dc:creator>LoRoz</dc:creator>
<dc:date>2018-12-04T12:08:38Z</dc:date>
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Re: HELP! I'm struggling to keep up with my credit card payments
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8350#M741
</link>
<description>
Heard you my G<BR /><BR />***Why listen to me? Im well qualify because I just paid off 2 credit cards myself and one more to go take what you need chose is your.***<BR /><BR />Step one: List the number of credit cards with the interest on them.<BR /><BR />Step two: Organizations the Lowest to the Highest Interest and there due date.<BR /><BR />Step three: Pay the one with the lowest interest first (but you would say would it make more sense to pay the highest credit card though?) I thought so too but no, pay the smallest interest hard whatever the amount is due pay a bit more on top of that everything else just the minimum.<BR /><BR />Step four: Once the first credit card is paid in full then repeat.<BR /><BR />Step five: Don’t buy things that you have to sell a few years down the road, as your self do I really need this and if so for what reason.<BR />
</description>
<pubDate>Sun, 23 Dec 2018 06:03:13 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8350#M741
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<dc:creator>RaG</dc:creator>
<dc:date>2018-12-23T06:03:13Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8351#M742
</link>
<description>
Oh FYI anyone saying cut or burn credit cards are un knowledgeable on what they talking about, use the cards wisely not because of someone else misunderstanding of using it think about it I just gave you an <span class="lia-unicode-emoji" title=":key:">🔑</span> once ago it on you to open the door <span class="lia-unicode-emoji" title=":door:">🚪</span> Financial Literacy
</description>
<pubDate>Sun, 23 Dec 2018 06:07:22 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8351#M742
</guid>
<dc:creator>RaG</dc:creator>
<dc:date>2018-12-23T06:07:22Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8452#M743
</link>
<description>
Not sure if you've found a solution that is working for you yet, but I hope you didn't close your accounts! Credit history is a factor in determining your credit score and unless your cards have annual fees attached to them, it will only hurt you to close the cards. Refrain from using them as much as possible until you can get the debt under control, but don't close them if you don't have to.<BR /><BR />Depending on your creditworthiness, I would consider a personal loan to consolidate your cards. Chances are the interest will be less than what you have with your cards &amp; it's easier to see exactly what you'll be paying monthly &amp; total (opposed to the CC's which compound interest daily) You can run pre-approvals on most loan websites (Discover, Payoff, Best Egg, Marcus, to name a few). You WILL deal with spam from them, but you can also see what they can offer you without a ding to your credit before your official application.<BR /><BR />Work out how much you owe total, what you're currently paying for all payments monthly, and what you can afford to pay monthly. Try to find a loan that matches up with those numbers. You might need to do a little finagling to get it just right. Match your monthly payment to what you're already paying monthly for the cards you want to pay off. Extend your loan term for the longest possible.<BR /><BR />Once you pay off your credit cards your score will jump &amp; you can always apply for a different loan with better terms after your score jumps. From that point, use cards minimally and only what you can pay off monthly. Don't make big purchases until you have cash saved up to pay off the bill immediately. Assign a recurring payment to each of your cards (Netflix on one card, gas on another, gym membership to a third) to keep them active. Take cards you don't need daily and put them in a drawer. Carry around a card for gas &amp; food only &amp; then just try to be as disciplined as you can with them.<BR /><BR />From personal experience, I was in a similar situation. Between a 0% interest balance transfer card, and a personal loan from Discover I was able to consolidate $15,000 in credit card debt. Two months after my score jumped (from 680 to 720) I applied for a new loan with my credit union at better terms (from 19% to 10%), resulting in a much smaller payment. When I over extend myself for the month, I borrow from my savings (which I have a bit of now that I'm not drowning in CC debt) to pay off the statement balance in full, then I pay myself back slowly at 0% interest. I still have the debt, but it's easier to handle. All of that to say it CAN be done.<BR /><BR />Best of luck.
</description>
<pubDate>Fri, 28 Dec 2018 20:35:00 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8452#M743
</guid>
<dc:creator>tianaj</dc:creator>
<dc:date>2018-12-28T20:35:00Z</dc:date>
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<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8453#M744
</link>
<description>
Don't do this. You need credit card history to build credit. Unless you are paying annual fees on your cards, don't close them.
</description>
<pubDate>Fri, 28 Dec 2018 20:37:39 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8453#M744
</guid>
<dc:creator>tianaj</dc:creator>
<dc:date>2018-12-28T20:37:39Z</dc:date>
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<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8470#M745
</link>
<description>
Hi,<BR />I’m 25yrs with no kids, 2 car payments (I live in New Jersey) and recently married. (Everyone situation is different). I started 2018 with a brand new job but 12k in credit card debt with high interest rates &amp; 3k in medical and zero savings. I’m ending 2018 with 10k in liquid cash and 4K in 401k and 3k in individual investment account. Here’s how I did it. I downloaded mint in January and it showed me my spending pattern and my financial status. I created a budget and cut my spending by 50% I was spending way to much on food almost as much as my rent. So, I started cooking and food prep every week. I’m now sepending only $300+ per month on food. And I’m also a bodybuilder so no I don’t starve myself. My wife and I split the rent and I pay for everything else. One job wasn’t cutting it so I got a second job in April. The second job was purely used to pay Credit Card debt because the interest was killing me. I finished paying off all credit cards in July. Started saving in August. I started my 401k in June. And my individual investment account in August. For Christmas I set $150 per person for gifts that I’m sure I will buy something and a box of cards for everyone else that I will just give a card. Turned out I only spent &amp;1800 for Christmas expenses vs 4K+ in previous years. And I sold items that I no longer need on eBay for extra income to pay for my Christmas expense. So basically.. I monitored my finances, built a decipline budget and stick to it, Find help where I could, took advantage of cash back from the credit cards, my credit score automatically went up in the whole process, work multiple jobs to increase income while decreasing expenditures, sell stuff I don’t need and built an investment portfolio. It was a hectic year now I comfortably work one Job and 2019 will be twice as better now I learnt how to manage my finances and credit. Stuff we never learn in school. Hope this helps.
</description>
<pubDate>Sat, 29 Dec 2018 15:28:45 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8470#M745
</guid>
<dc:creator>Novech</dc:creator>
<dc:date>2018-12-29T15:28:45Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8505#M746
</link>
<description>
<P>Hi! I agree with everyone else. You should keep your cards at home so you’re not tempted to swipe them while you’re out. I did that for the long time. My second recommendation is to only spend what you have. If you can’t grab your debit card and make a payment on something you used your credit card for right after a purchase, you should try to refrain from buying. Lastly, you can get a Credit Karma account and look at their credit card recommendations. They will tell you your approval odds and you can pick out a card best for you. I recently got an American Express and did a balance transfer which is a God send because it does not accrue interest for a year and some change, so that really helped me tackle my debt. I paid off my credit cards super fast after that! I know it’s hard, but try to keep a positive outlook and keep seeking help on forums like this and keeping up with what you owe and to whom. I live paycheck to paycheck now, but at least I know that I’m being responsible with my funds compared to before. I literally map out how I will spend my money a week before each paycheck. That helped me a lot too because I started to see where I was mindlessly spending and helped me nip those habits in the butt. Keep your head up! I promise it’ll get better if you really try!!</P>
</description>
<pubDate>Thu, 03 Jan 2019 16:15:56 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8505#M746
</guid>
<dc:creator>jaasminfoote4</dc:creator>
<dc:date>2019-01-03T16:15:56Z</dc:date>
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<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8669#M747
</link>
<description>
Sure it helps! It’s common sense and everything changed by me in terms of debt, once I took that path
</description>
<pubDate>Fri, 04 Jan 2019 17:40:49 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8669#M747
</guid>
<dc:creator>joelspitz7</dc:creator>
<dc:date>2019-01-04T17:40:49Z</dc:date>
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<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8698#M748
</link>
<description>
I'm having trouble with credit cards. The payments keep getting larger
</description>
<pubDate>Sat, 05 Jan 2019 23:33:04 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/8698#M748
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<dc:creator>dot2dot2004</dc:creator>
<dc:date>2019-01-05T23:33:04Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/9489#M749
</link>
<description>
Reading this gave me an aneurysm. Please formulate sentences correctly before responding to important matters! Lol
</description>
<pubDate>Thu, 24 Jan 2019 09:55:26 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/9489#M749
</guid>
<dc:creator>S550_gil</dc:creator>
<dc:date>2019-01-24T09:55:26Z</dc:date>
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<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/9512#M750
</link>
<description>
<P>&nbsp;<SPAN>DO NOT! I repeat, DO NOT follow the advice of "close all credit card accounts" unless you want to seriously hurt your score.&nbsp;</SPAN></P><P>&nbsp;</P><P>RaG's advice of paying off credit cards in ascending order based on interest rate is a tried and true method, you also need to NOT put anymore debt on these cards. Use this method if you want to slowly stop the bleeding and you don't have the credit for the next option.</P><P>&nbsp;</P><P>If you have good credit and you use a credit union, see if they have any deals going on with credit cards. Some will offer no interest credit cards for 2 years with no transfer fees. You could consolidate all card debt onto one card that has no interest, which will give you time to breathe and stop the interest rate hemorrhaging. After you have zero balance on the cards you just transferred, you DO NOT USE THEM AGAIN until you have paid back every penny of this debt. This is going to require self control so you don't keep digging yourself deeper into a hole.&nbsp;</P><P>&nbsp;</P><P>Start making big payments on the new card (basically add up all of the minimum payment requirements for each card, and how much interest you were being charged and whatever else you can add to the monthly payment of that card). If your debt to income ratio is very high, I'd recommend making a strict budget and sticking to it until you've paid this card back before they start charging you interest.&nbsp;</P><P>&nbsp;</P><P>Either one of these will work if you're willing to acknowledge your problem and deal with it using these methods. The interest rates on these cards are going to absolutely murder you. Never use more than 15% of your total credit limit at any given time! That's a general rule of thumb.&nbsp;</P>
</description>
<pubDate>Thu, 24 Jan 2019 17:50:41 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/9512#M750
</guid>
<dc:creator>loupokami</dc:creator>
<dc:date>2019-01-24T17:50:41Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/9523#M751
</link>
<description>
Not true. To close an account leaves a bad mark on your credit. It doesn’t matter if it is paid off or not. It will read as a “closed” account. If I were you to say your credit, try to make arrangements to make a payment you can afford monthly so that you reduce the bill and can still handle the payment. I’m sure they will work with you. They want your money and you want your good credit. It’s a win win.
</description>
<pubDate>Thu, 24 Jan 2019 21:39:08 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/9523#M751
</guid>
<dc:creator>CeCe1</dc:creator>
<dc:date>2019-01-24T21:39:08Z</dc:date>
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<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/9819#M752
</link>
<description>
If you close your credit account it will really mess with your credit score
</description>
<pubDate>Mon, 28 Jan 2019 03:28:55 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/9819#M752
</guid>
<dc:creator>Spender</dc:creator>
<dc:date>2019-01-28T03:28:55Z</dc:date>
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<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/11046#M753
</link>
<description>
<P>You should actually never close the account. If you cut the card and keep the account open then your credit score will rise.</P>
</description>
<pubDate>Mon, 04 Feb 2019 21:07:52 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/11046#M753
</guid>
<dc:creator>akadenis47</dc:creator>
<dc:date>2019-02-04T21:07:52Z</dc:date>
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<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/12635#M754
</link>
<description>
Get a credit card with 0% interest introduction period. Transfer all your debt to it. Pay down as much as possible till the end of the intro period. Then do it again with another card. Continue this till the debt is eliminated. You may have to pay a one time transfer fee but 3% one time is much better than what’s going on now and you will start to make real progress. It worked for me and my credit score is around 800 and I eleininated all my debt.
</description>
<pubDate>Thu, 14 Feb 2019 00:23:05 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/12635#M754
</guid>
<dc:creator>Jyak</dc:creator>
<dc:date>2019-02-14T00:23:05Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/12917#M755
</link>
<description>
It took me 3 years, and now I’m at $0 debts. I started with the highest interest, and worked myself down.
</description>
<pubDate>Fri, 15 Feb 2019 13:57:33 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/12917#M755
</guid>
<dc:creator>RaggedyAnnLuv</dc:creator>
<dc:date>2019-02-15T13:57:33Z</dc:date>
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<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/13060#M756
</link>
<description>
A friend of mine did the avalanche and she said it helped a lot. I'm thinking of doing the same.
</description>
<pubDate>Sat, 16 Feb 2019 00:38:17 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/13060#M756
</guid>
<dc:creator>SusanHines</dc:creator>
<dc:date>2019-02-16T00:38:17Z</dc:date>
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<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/13822#M757
</link>
<description>
<P>I did cut up my credit cards and this helped remove the temptation to use the credit cards and only make payments toward the balances. It works.</P>
</description>
<pubDate>Mon, 18 Feb 2019 05:44:15 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/13822#M757
</guid>
<dc:creator>mzabibu</dc:creator>
<dc:date>2019-02-18T05:44:15Z</dc:date>
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<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16072#M758
</link>
<description>
<P><STRONG>O.K. if you pay off one credit card, Then how does the other credit card get paid? I have Two Credit cards,&nbsp; (closed) . I'm having a hard time paying what I owe, I have enough to pay one but what happens to the one I can't pay? It would take me at least a year to pay off one card, while giving nothing to the other card, because what I can pay is going to one card.</STRONG></P>
</description>
<pubDate>Sat, 23 Feb 2019 05:00:15 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16072#M758
</guid>
<dc:creator>AK3</dc:creator>
<dc:date>2019-02-23T05:00:15Z</dc:date>
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<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16288#M759
</link>
<description>
You should be making at least the minimum payment on all your debts. With two cards, you make the minimum payment on one and extra payments above the minimum on the other until it's paid off. If you can only afford the minimum payment for one card, then you need to reevaluate your spending habits and stop charging purchases to your credit cards. Pay all your bills first and then budget out the remainder of your money to any extra purchases, like going out/eating out, getting coffee, new clothes, etc.
</description>
<pubDate>Sat, 23 Feb 2019 18:03:21 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16288#M759
</guid>
<dc:creator>tianaj</dc:creator>
<dc:date>2019-02-23T18:03:21Z</dc:date>
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<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16320#M760
</link>
<description>
<P>If you have extra money for going out, coffee, and clothes, you are likely not experiencing a serious debt crisis.&nbsp; If you can truly only pay the minimum on one card with no going out, no coffee, no clothes, so be it. But do be honest with yourself here, and kind to yourself. One year is not that long in the financial world to pay off that one card. Then you can work on the other. Yes, your other card may go into default and into collection in the meantime, and yes, it may hurt your credit score and be a pretty awful experience for you. It may take years for your credit to recover. Still, it is not the end of the world. Sometimes when accounts go into collection, companies offer to settle with you for a fraction of the amount owed. I am not advocating financial carelessness or irresponsibility, which hurts all of us, but I would encourage you to be honest with yourself and consider other factors in addition to your credit score when determining how to get out from under your debt, if that is <EM>truly</EM> what you want to do.</P>
</description>
<pubDate>Sat, 23 Feb 2019 19:13:13 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16320#M760
</guid>
<dc:creator>rocketsmom</dc:creator>
<dc:date>2019-02-23T19:13:13Z</dc:date>
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<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16326#M761
</link>
<description>
Consolidate all on one card with a balance transfer.
</description>
<pubDate>Sat, 23 Feb 2019 19:51:37 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16326#M761
</guid>
<dc:creator>Jyak</dc:creator>
<dc:date>2019-02-23T19:51:37Z</dc:date>
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<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16579#M762
</link>
<description>Credit for a vehicle</description>
<pubDate>Mon, 25 Feb 2019 12:11:27 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/16579#M762
</guid>
<dc:creator>Kml21411</dc:creator>
<dc:date>2019-02-25T12:11:27Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/17264#M763
</link>
<description>
I heard about the strategies and am currently using it. I went with highest balance. Got one paid off and have started on the next. It's working for me
</description>
<pubDate>Wed, 27 Feb 2019 23:18:51 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/17264#M763
</guid>
<dc:creator>jcfeil12</dc:creator>
<dc:date>2019-02-27T23:18:51Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/17717#M764
</link>
<description>
<P>DAVE RAMSEY! books videos and do Financial Peace University!! :_)&nbsp;</P>
</description>
<pubDate>Sat, 02 Mar 2019 18:26:43 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/17717#M764
</guid>
<dc:creator>greg6543</dc:creator>
<dc:date>2019-03-02T18:26:43Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/17805#M765
</link>
<description>
<P>Hello</P><P>I haven't charge anything for over a year now,&nbsp; I live in Senior Housing ( I'm a senior) who lives on Social Security and alimony now retired/Divorced ,I was doing average spending and&nbsp; surviving, then everything went up , My rent My utilities, Car Insurance,My Health Plan, so this took a bite out of my income.&nbsp; &nbsp;Therefore there wasn't quite enough to pay those two credit cards , I have&nbsp; No loans, Mortgages, No Nothing.. My priorities came first. I'm working on one card to try to stay ahead but the other card,&nbsp; is ready to go to a debt collector,&nbsp; I was giving "Good Faith payments, " but not good enough. My Credit Score took a dive,&nbsp; All the comments listed do this do that, To much to process,&nbsp;</P>
</description>
<pubDate>Sun, 03 Mar 2019 05:32:18 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/17805#M765
</guid>
<dc:creator>AK3</dc:creator>
<dc:date>2019-03-03T05:32:18Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/18291#M766
</link>
<description>
<P>You don't want to close your accounts because it will actually lower your credit score as it will change your credit to debt ratio. Destroy the card for sure and never use it again. Just keep paying the balance down. Good luck. I am in the same boat.</P>
</description>
<pubDate>Wed, 06 Mar 2019 01:25:47 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/18291#M766
</guid>
<dc:creator>clubbjuju</dc:creator>
<dc:date>2019-03-06T01:25:47Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/18787#M767
</link>
<description>
You have to work an 2nd job for the next 2 years and only use that overnight job to pay your bills. It will.be hard but that the only way to pay down your debit.
</description>
<pubDate>Fri, 08 Mar 2019 21:54:34 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/18787#M767
</guid>
<dc:creator>Moneyman2019</dc:creator>
<dc:date>2019-03-08T21:54:34Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/19172#M768
</link>
<description>
You can cut your cards up, but don’t close the accounts. Part of your credit score is calculated using your length of credit history. Closing them will hurt your credit score.
</description>
<pubDate>Mon, 11 Mar 2019 18:11:53 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/19172#M768
</guid>
<dc:creator>Terence1011</dc:creator>
<dc:date>2019-03-11T18:11:53Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/20944#M769
</link>
<description>
Stop using your credit card! You are spending beyond your means if you keep adding to the balance and cannot pay off what you purchased. Start using cash instead.
</description>
<pubDate>Fri, 29 Mar 2019 01:05:04 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/20944#M769
</guid>
<dc:creator>Kate2</dc:creator>
<dc:date>2019-03-29T01:05:04Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/20946#M770
</link>
<description>
You start with the smallest debt and pay that one off, then then pay off the next largest, and so on. That is the snowball approach. Paying off the smallest debt first provides quicker satisfaction because you see your progress quicker and you are more likely to keep going as you reach your debt payoff goals.
</description>
<pubDate>Fri, 29 Mar 2019 01:08:41 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/20946#M770
</guid>
<dc:creator>Kate2</dc:creator>
<dc:date>2019-03-29T01:08:41Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/21327#M771
</link>
<description>
Do not burn or cancel your credit cards. Such a move will affect your credit negatively. Instead put them away and do not touch them again till you have paid off your debt.
</description>
<pubDate>Sun, 31 Mar 2019 16:09:15 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/21327#M771
</guid>
<dc:creator>Debt crusher</dc:creator>
<dc:date>2019-03-31T16:09:15Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/22124#M772
</link>
<description>
<P>Just know that closing accounts does lower your score....</P>
</description>
<pubDate>Sat, 06 Apr 2019 18:38:14 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/22124#M772
</guid>
<dc:creator>StarMan007</dc:creator>
<dc:date>2019-04-06T18:38:14Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23405#M773
</link>
<description>
<P><STRONG>Hello</STRONG></P><P><STRONG>I have TWO Credit Cards&nbsp; One acct is closed.. making pyts. The One which is open I.&nbsp; have not been applying any pyts because of my income so I would assume it was signed over to a collection agency my acct online and credit report does not show&nbsp; Debt Collector or Collections, haven't used them I would say in a year. Both have balances on them.&nbsp; Total $4,800..... Both are also locked</STRONG></P>
</description>
<pubDate>Sun, 14 Apr 2019 01:11:23 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23405#M773
</guid>
<dc:creator>AK3</dc:creator>
<dc:date>2019-04-14T01:11:23Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23411#M774
</link>
<description>
<P><STRONG>Hello</STRONG></P><P><STRONG>I have two Credit cards, have not used for a year&nbsp; One is open, no pyts.. One is closed.. Yes Pyts. Both have the same Balance with maybe a&nbsp; $10- $15 difference.</STRONG></P>
</description>
<pubDate>Sun, 14 Apr 2019 01:19:26 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23411#M774
</guid>
<dc:creator>AK3</dc:creator>
<dc:date>2019-04-14T01:19:26Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23419#M775
</link>
<description>
<P><STRONG>Hello</STRONG></P><P><STRONG>Yes I'm aware of that (Haven't use in almost a year.) I have Two Credit cards&nbsp; with Balances. Total $4800....&nbsp; The one that is closed ,shows on my Credit Report "Closed by Consumer" . I do not remember closing that acct.??Questionable. The acct that is open gets no pyts The one that is closed gets pyts</STRONG></P>
</description>
<pubDate>Sun, 14 Apr 2019 02:00:43 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23419#M775
</guid>
<dc:creator>AK3</dc:creator>
<dc:date>2019-04-14T02:00:43Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23422#M776
</link>
<description>
<P><STRONG>Hello</STRONG></P><P><STRONG>Yes I have Two Credit Cards Total Owed $4,800 One card is Open , One card is closed Im paying on the acct that is closed&nbsp; ( I just picked one to pay)The one that is open I can't do right now&nbsp; What I don't understand is why it has not gone to collection. I had no choice for that card. I had to let it go,&nbsp; It's been a year but I don't see anywhere that it is collection.</STRONG></P>
</description>
<pubDate>Sun, 14 Apr 2019 02:08:51 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23422#M776
</guid>
<dc:creator>AK3</dc:creator>
<dc:date>2019-04-14T02:08:51Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23423#M777
</link>
<description>
<P><STRONG>Hello</STRONG></P><P><STRONG>Work a second job? I don't even have a First job... I'm "Retired" and 75 years old. My Job days are over..Not easy being a Senior Citizen.</STRONG></P>
</description>
<pubDate>Sun, 14 Apr 2019 02:11:00 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23423#M777
</guid>
<dc:creator>AK3</dc:creator>
<dc:date>2019-04-14T02:11:00Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23472#M778
</link>
<description>
Do a Balance transfer to a card that will offer a 0% APR for sometime. That will help you out with saving some money on interest. Once you’re done with that Balance transfer at 0% APR, do another one, and continue until you’ve paid it off. Refrain from actually using the card.
</description>
<pubDate>Sun, 14 Apr 2019 13:15:39 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/23472#M778
</guid>
<dc:creator>Krystaniemi</dc:creator>
<dc:date>2019-04-14T13:15:39Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24149#M779
</link>
<description><P>Because of high interest</P></description>
<pubDate>Fri, 19 Apr 2019 17:59:18 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24149#M779
</guid>
<dc:creator>casa51</dc:creator>
<dc:date>2019-04-19T17:59:18Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24332#M780
</link>
<description>
<P><U>Hello</U></P><P><U>It would be impossible for me to qualify for a Credit Card. I have not made a pyt to Capital One in almost a year. I'm trying to stay afloat with my Discover Card (closed) making planned pyts. Once paid then I will start paying Capital One starting Jan 2020 I can't pay both.</U></P>
</description>
<pubDate>Tue, 23 Apr 2019 03:06:45 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24332#M780
</guid>
<dc:creator>AK3</dc:creator>
<dc:date>2019-04-23T03:06:45Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24524#M781
</link>
<description>
I used the snowball approach! Along with a few hard earned raises at work this year I paid of about 9 grand in cc debt. I'm in the process of paying off the last one this one and then using them responsibly to build my credit.
</description>
<pubDate>Fri, 26 Apr 2019 02:49:38 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24524#M781
</guid>
<dc:creator>Morgan95</dc:creator>
<dc:date>2019-04-26T02:49:38Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24572#M782
</link>
<description>
<P><STRONG>Hello</STRONG></P><P><STRONG>Thank you..</STRONG></P><P>&nbsp;</P>
</description>
<pubDate>Sat, 27 Apr 2019 06:51:45 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24572#M782
</guid>
<dc:creator>AK3</dc:creator>
<dc:date>2019-04-27T06:51:45Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24573#M783
</link>
<description>
<P><STRONG>Thank You!</STRONG></P><P><STRONG>Yes the interest is overbearing...&nbsp; I'm not a Fanatic Shopper,&nbsp; just what I do buy ,the interest&nbsp; is more than the purchase. I'm done with Cards..&nbsp; </STRONG></P>
</description>
<pubDate>Sat, 27 Apr 2019 06:54:53 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24573#M783
</guid>
<dc:creator>AK3</dc:creator>
<dc:date>2019-04-27T06:54:53Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24800#M784
</link>
<description>
First thing: cut non-necessities for at least 6 months. Movies, new clothes, going out to dinner or eating fast food, COFFEE from coffee shops - all of it. No fun times until you’re out from under the weight.<BR />Second thing: determine your discretionary funds - everything you have left after paying necessities like rent, insurance, utilities, groceries(that’s groceries, not “food” since food is a broad and expensive category) . Give yourself an emergency buffer, something that can help cover emergency repair costs or transportation to work. $250 - $500 would be my bet. The rest goes directly to your credit debt.<BR />Second thing, the first: of you have multiple credit lines, inquire with your bank about a consolidation credit line, to take what could be multiple interest rates and “consolidate” them into one. As long as the consolidation line of credit’s interest rate is t higher than your highest credit line, it’s a good deal.<BR /><BR />Third thing: your support network. You have coworkers, supervisors, friends and family who want you to do well, for many reasons. Communicating honestly with your employer about these things could open resources to you like credit counseling to lower your rates, or coordinating a carpool to reduce your transportation costs. Friends and family could help fill the entertainment gap with less expensive alternatives. This is going to help take the social pressure off; plus, if they know you’re actively pulling yourself out of debt, they’ll want to help!
</description>
<pubDate>Fri, 03 May 2019 12:43:33 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24800#M784
</guid>
<dc:creator>Sarahkgo</dc:creator>
<dc:date>2019-05-03T12:43:33Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24801#M785
</link>
<description>
I would not close the account. Closing credit lines lowers your credit score, which is going to be more detrimental in the long run. Calling the credit provider and discussing repayment plans is an option, though, as they do want their money, and they want you to continue being able to use their services.
</description>
<pubDate>Fri, 03 May 2019 12:45:07 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/24801#M785
</guid>
<dc:creator>Sarahkgo</dc:creator>
<dc:date>2019-05-03T12:45:07Z</dc:date>
</item>
<item>
<title>
Re: HELP! I'm struggling to keep up with my credit card payments
</title>
<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/27733#M786
</link>
<description>
1) Don’t spend anymore on any card.<BR />2) Consolidate all your debt with your bank (watch for interest rates spike)<BR />3) If you will need a card to survive, and have no savings or anything, which I assume you don’t based on the fact you’re in this situation, transfer your balance into a card with O% transfer.<BR />4) All extra money, tips, a dollar, or $1M or what have you, pay down your bad debt (credit card).<BR />5) live below your means. 99.9% of people are doing what you’re doing and it will catch up to them. Live well below your means and make the sacrifices now to repair your credit, minimize your debts and only spend what you can afford. Do some self searching. Mind you, what you can afford does not equate to how much you make or have saved, what you can afford is after bills, after savings deposits, after debt repayment.<BR />6) Never buy a new car unless it is to built credit for a larger investment purchase such as a house or commercial property, even then I would caution against it.<BR />7) Research how to build a passive income and stop working for earned income (indentured servitude and enslavement). The future is yours. Don’t be discouraged, you can make it happen.<BR /><span class="lia-unicode-emoji" title=":smiling_face_with_sunglasses:">😎</span> If you apply for a card in the future, make sure the interest rate is $0%. If it is not, make sure that you don’t use your credit card. Instead, use your debit card. Credit Card limit is not your money and this should not be spent like it is yours. If you can’t pay it with your money you can’t afford it on a credit card. Stop trying to be someone you are not. That is unsustainable and you will become wealthier with a mindset that does not promote senseless spending. Frugality is key. Do your research, pay the debt, learn to use debt to your advantage and prosper. Everything will be okay.
</description>
<pubDate>Wed, 29 May 2019 02:22:24 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/27733#M786
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<dc:creator>DEANGELOSTONE</dc:creator>
<dc:date>2019-05-29T02:22:24Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/827847#M837
</link>
<description>
I would suggest transfering your balances to a nother card with a promotional 0% apr. Usually you can find some that offer 12-18 months no interest that will help you lower the high balances down drastically. I had an Amex card, high balance, transferred to 0% for 15 months card, lowered it even lower, then the remaining balance tranferred to another 0% for 12 months and was able to clear it. I think the 3% fee was reasonable enough to tranfer for the promo apr. Also look at credit unions. My credit union offers 0% apr for 12 billing cycles, $0 cash advance and $0 balance transfer fee. Hope it helps and good luck.
</description>
<pubDate>Sun, 14 Jul 2019 00:11:18 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/827847#M837
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<dc:creator>frubio02</dc:creator>
<dc:date>2019-07-14T00:11:18Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/830237#M845
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<description>
It is not credit card debt that I am struggling with; it's my student loans that are giving me grief. Anyone have any ideas of how to get rid of it. <span class="lia-unicode-emoji" title=":winking_face_with_tongue:">😜</span>
</description>
<pubDate>Thu, 18 Jul 2019 17:29:07 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/830237#M845
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<dc:creator>Rostyson</dc:creator>
<dc:date>2019-07-18T17:29:07Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/830239#M846
</link>
<description>
It is not credit card debt that I am struggling with; it's my student loans that are giving me grief. Anyone have any ideas of how to get rid of it.
</description>
<pubDate>Thu, 18 Jul 2019 17:30:46 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/830239#M846
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<dc:creator>Rostyson</dc:creator>
<dc:date>2019-07-18T17:30:46Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/830278#M847
</link>
<description>
Okay, here’s an outline:<BR /><BR />1. If you haven’t already checked the National Student Loan Data System (nslds.ed.gov), do that to get a complete global view of your loans, if you’ve taken out multiple loans. You can also get a free credit report from different services and see all three credit reports; this will also show you how many loans you have outstanding. If you’ve taken multiple loans, they will all likely have different interest rates and minimum payments.<BR />2.a. If your loan(s) are federal, you can apply for a Direct Consolidation Loan to bring multiple payments and interest rates down to one. StudentLoans.gov is where you go to apply for that. This might come with certain time restrictions on repayment, but remember: student loan interest is TAX DEDUCTIBLE.<BR />2.b. You can consolidate ALL loan types privately as well, although that may remove certain benefits of federal loan programs, like loan forgiveness for public service, and income-based payment options.<BR />3. If you have one loan with a private lender, and your ability to pay the loan back has changed, then you can refinance the loan for a different repayment plan. This might also result in a better interest rate. In any event, the interest is tax deductible; hopefully you’ve been deducting!!<BR />4. If you haven’t been deducting your student loan interest, go back and amend your federal and state tax returns as far back as you can go. Some states have refund limits, like VA where you can only be refunded for amended tax returns within 5 years of filing date.<BR />5. As a last-ditch effort, hire a licensed fiduciary or accountant and get professional help. Although it sounds like I’m saying “spend money you don’t have!”, what I’m really saying is hurt a bit more right now to make the future less painful. Yes, it can run $100-$300 for a session, but it is seriously worth it to have someone with years of experience helping rich people stay rich look at your debt portfolio and restructure it for, do the negotiating for you.<BR /><BR />I hope this is somewhat helpful.
</description>
<pubDate>Thu, 18 Jul 2019 18:52:08 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/830278#M847
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<dc:creator>Sarahkgo</dc:creator>
<dc:date>2019-07-18T18:52:08Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/847169#M878
</link>
<description>
<P>There are non profit agencies like Consumer Credit Counselors, who can do a repayment program. Better than bankruptcy, but I heard there are now a lot of imitators who charge exorbitant fees. Definitely check out any company you are considering with the BBB and scam alert first.</P>
</description>
<pubDate>Sun, 01 Sep 2019 04:09:48 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/847169#M878
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<dc:creator>CountryGirl28</dc:creator>
<dc:date>2019-09-01T04:09:48Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/849202#M882
</link>
<description>
<P>That sounds awesome. Congratulations <span class="lia-unicode-emoji" title=":party_popper:">🎉</span></P><P>I don't believe in closing credit card accounts. Freezing them though sounds like a great option.</P><P>I have wanted to try Dave Ramsey's Snowball approach and in fact have started several times. Unfortunately I, life happened and I charged again. I lost half of my income when I turned 65. My LTD stopped.</P>
</description>
<pubDate>Sat, 07 Sep 2019 21:34:17 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/849202#M882
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<dc:creator>Vababe54</dc:creator>
<dc:date>2019-09-07T21:34:17Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/855645#M890
</link>
<description>
<P><LI-USER uid="13068"></LI-USER>&nbsp;that is a really good and fast way to pay stuff off. I’ve been using it and paid off two cards so far, now I’m paying $200/month on one card, once it’s paid off, then $250/month on the other card. It sounds impossible to do, to pay $200/month on a $650/biweekly income, but it’s possible when it starts to snowball up.&nbsp;</P>
</description>
<pubDate>Wed, 25 Sep 2019 00:48:40 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/855645#M890
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<dc:creator>nickreese90</dc:creator>
<dc:date>2019-09-25T00:48:40Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/949746#M907
</link>
<description>
<P>That is the worst advice you can give someone. 1st of all you are never going to build credit history if you close your accounts. Your credit score weighs heavily on credit history so In that case do whatever you need to help you pay it off w/o using it again; psa: cut it up.</P>
</description>
<pubDate>Fri, 01 Nov 2019 23:08:42 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/949746#M907
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<dc:creator>BORI69</dc:creator>
<dc:date>2019-11-01T23:08:42Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/949747#M908
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<description>
<P>Another atrocious advice. Bankrupcy? There goes this person's chances to borrow a penny in like 15 yrs.&nbsp;</P><P>Calling your credit card companies is the correct thing to do but here in the US as long as you make a promise to make a monthly payment (even if its a dollar a month), credit companies cannot damage your credit. My advice is to make a monthly budget and divide that amount amongst all of your cards.&nbsp;</P>
</description>
<pubDate>Fri, 01 Nov 2019 23:15:27 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/949747#M908
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<dc:creator>BORI69</dc:creator>
<dc:date>2019-11-01T23:15:27Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/953477#M915
</link>
<description>
<P><FONT face="georgia,palatino">Your suggestion to others regarding paying down debt is commendable.&nbsp; However, the term you used is not making sense.&nbsp; Why should a debtor focus on INTEREST when the most important factor here is the BALANCE.&nbsp; People aren't focusing on&nbsp;<U>interest</U> when it's the&nbsp;<U>balance</U> that is more important.&nbsp; The credit card out of many that has the lowest interest should be targeted and paid down as quickly as possible.&nbsp; Once that's done, the next credit card with the lowest balance should be targeted to pay down quickly.&nbsp; As for the other high balance credit cards, they must be paid too in a timely fashion but only have a little more than the minimum payment submitted (e.g. $20 to $30 more if possible).&nbsp; Remember, once a payment is received for the month, a portion of that payment goes to the interest once the credit card statement is generated for the month.&nbsp;&nbsp;</FONT></P>
</description>
<pubDate>Tue, 12 Nov 2019 00:03:03 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/953477#M915
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<dc:creator>rodkcam</dc:creator>
<dc:date>2019-11-12T00:03:03Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/953518#M916
</link>
<description>
<P><FONT face="georgia,palatino">Your suggestion to others regarding paying down debt is commendable.&nbsp; However, the term you used is not making sense.&nbsp; Why should a debtor focus on INTEREST when the most important factor here is the BALANCE.&nbsp; People aren't focusing on&nbsp;<U>interest</U> when it's the&nbsp;<U>balance</U> that is more important.&nbsp; The credit card out of many that has the lowest interest should be targeted and paid down as quickly as possible.&nbsp; Once that's done, the next credit card with the lowest balance should be targeted to pay down quickly.&nbsp; As for the other high balance credit cards, they must be paid too in a timely fashion but only have a little more than the minimum payment submitted (e.g. $20 to $30 more if possible).&nbsp; Remember, once a payment is received for the month, a portion of that payment goes to the interest once the credit card statement is generated for the month.&nbsp;&nbsp;</FONT></P>
</description>
<pubDate>Tue, 12 Nov 2019 02:00:30 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/953518#M916
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<dc:creator>rodkcam</dc:creator>
<dc:date>2019-11-12T02:00:30Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/953562#M917
</link>
<description>
<P>The interest is how credit card companies and student loans(and personal loans) generate revenue for the credit lender. The higher the interest, the less the money goes towards the principle of the loan or the balance of the credit card. Paying towards ALL loans, while divvying up the payment amounts by interest, saves money over the long term. It shouldn’t be a single-minded focus on balance if you end up paying 10-15 percent more on the loan/balance than you would if you structure your debt repayment.</P><P>Understand how interest is calculated on your balance/loans is critical, as there are varying types of interest on loans. When I responded to the student loan question, I should have added this article from NerdWallet for reference:</P><P><SPAN><A href="https://www.nerdwallet.com/article/loans/student-loans/student-loan-interest-capitalization" target="_blank">https://www.nerdwallet.com/article/loans/student-loans/student-loan-interest-capitalization</A></SPAN></P><P><SPAN>Arithmetic and Finance are not synonymous; it’s more complex than simply “pay down the biggest number”. &nbsp;</SPAN></P>
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<pubDate>Tue, 12 Nov 2019 11:45:35 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/953562#M917
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<dc:creator>Sarahkgo</dc:creator>
<dc:date>2019-11-12T11:45:35Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/990704#M956
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<description>
<P>I definitely feel your pain. As others have recommended I would first cut up those credit cards and lock those accounts. If you’re really drowning in debt I would NOT recommend that you file for bankruptcy. That will completely trash your credit and it will be hard to recover from it. What I do recommend is trying to make some extra money to be able to make those payments or even if you’re living above your needs to actually sell some things (Including your house). Buy a smaller house, start buying cheaper groceries, and even sell your car for a cheaper one if the payments are affecting your able to make payments. Lastly, I would recommend that you listen to or read the book The Total Money Makeover by David Ramsey. It will definitely help you improve your life with debt.</P>
</description>
<pubDate>Sun, 19 Jan 2020 00:36:55 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/990704#M956
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<dc:creator>AaronAndrew</dc:creator>
<dc:date>2020-01-19T00:36:55Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1095562#M1000
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<description>
<P>Idk let me know if you figure it out. Better yet how does one get money back from people that have borrowed it and won’t pay it back. &nbsp;These companies need to stop behaving like organized crime. It’s sick</P>
</description>
<pubDate>Thu, 06 Feb 2020 02:48:52 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1095562#M1000
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<dc:creator>Grizzyboy</dc:creator>
<dc:date>2020-02-06T02:48:52Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1103543#M1003
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<description><P>A better job. Or another job&nbsp;</P></description>
<pubDate>Fri, 07 Feb 2020 03:33:10 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1103543#M1003
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<dc:creator>Chesterburlz</dc:creator>
<dc:date>2020-02-07T03:33:10Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1318410#M1078
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<description>
<P>Closing credit cards is detrimental to your credit score. &nbsp;</P>
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<pubDate>Sun, 15 Mar 2020 05:58:50 GMT</pubDate>
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https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1318410#M1078
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<dc:creator>KLazo75</dc:creator>
<dc:date>2020-03-15T05:58:50Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1644763#M1154
</link>
<description>
<P>To the other guy who replied to you; NEVER close a paid off credit card! That is the absolute worst advice you could give to somebody! First, stop using the card, next, like the other respondent said pay it off but next DO NOT close the account! You want to have as much available credit as you can! Even if you don’t use it much or ever! That is credit score building 101! Everybody knows that!</P>
</description>
<pubDate>Wed, 24 Jun 2020 12:05:29 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1644763#M1154
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<dc:creator>Foley</dc:creator>
<dc:date>2020-06-24T12:05:29Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1695462#M1161
</link>
<description>
<P>&lt;removed&gt; is awesome with paying down debt.</P>
</description>
<pubDate>Mon, 20 Jul 2020 14:36:26 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1695462#M1161
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<dc:creator>Busybaker1119</dc:creator>
<dc:date>2020-07-20T14:36:26Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1706621#M1173
</link>
<description>
<P>I had this problem yrs ago. I went to my Credit Union and got a loan to pay off my credit cards. Interest rates were so much lower&nbsp;@ 6.9%. &nbsp;It was a 3 yr loan and would be paid off and the payment was lower than my credit payments were. Also don’t cancel your credit cards, it will hurt your credit score especially if you’ve had them for awhile. Just pack them away. You can also put a freeze on them, until you really need to use them. After getting everything paid off, just use for emergencies and try and pay them off right away. Good Luck.&nbsp;</P>
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<pubDate>Mon, 10 Aug 2020 04:49:14 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1706621#M1173
</guid>
<dc:creator>Gosendr</dc:creator>
<dc:date>2020-08-10T04:49:14Z</dc:date>
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<title>
Re: HELP! I'm struggling to keep up with my credit card payments
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<link>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1706622#M1174
</link>
<description>
<P>If you don’t have a Credit Union, you need to open one. I got a loan thru the Credit Union to pay off all my credit cards. Interest was only 6.9% for a 3 yr loan. My payments were a lot lower than my credit card payments together. After that was paid off I got a credit card thru them at 9.9%. I only use that for emergencies. I ask myself do I really it before I buy it now. Don’t cancel your old cards cause it will hurt your credit scores. I did cancel one because of the yearly charge. It was my oldest card and dropped my scores. Make sure not to run them up again once paid off. You can put a freeze on them until a later date when you might need to use one. I keep mine in a safe only for real emergencies. With the interest rates being so much lower at the Credit Union it makes you feel good watching your debt get paid down quicker and you could still send a bigger payment when possible and get it paid off even quicker. Good luck</P>
</description>
<pubDate>Mon, 10 Aug 2020 05:05:53 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/lower-your-debt/discussion/re-help-i-m-struggling-to-keep-up-with-my-credit-card-payments/01/1706622#M1174
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<dc:creator>Gosendr</dc:creator>
<dc:date>2020-08-10T05:05:53Z</dc:date>
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