what should I do about my credit cards?

[G35ftw]

Originally Posted by lostsk8r

Good information here, good luck to the OP, currently in the same situation, about $13k on partying and girlfriend /hide but yeah im working it off, going to check out the consolidation stuff, good thing for me is my parents can pay it all off and i can pay them back to avoid interest if i convince them =0 althought not sure about finding a card to take all that 13k.

I feel you man, I'd probably be 13k in debt as well if I had higher credit lines. I've thought about asking my dad to help me out but he already pays for my food and gas, and business sucks right now so I will probably put that off. Plus I'd feel pretty lousy asking him to pay for my pointless purchases. After I graduate and start interviewing for jobs I may just ask for his help so that I don't look bad if prospective employers decide to do a credit check. Good luck to you as well.

Originally Posted by One_Hertz

Take a credit line and pay off your CCs. There is no need to pay 19% interest when you can pay 5%.

What is the best way to go about doing this? Should I just call one of the companies that I currently have a card with and ask for a new credit card that I can transfer all my balances to?

[lostsk8r]

Yeah.. they kind of just kept increasing my credit without telling me, bad bad bad. My parents wont pay it off right away either, bad business atm but yeah, going to a job interview in a few hours! It is no fun being broke as **** either, specially after having all the money you wanted for last year lol

[vhtran]

Originally Posted by lostsk8r

Yeah.. they kind of just kept increasing my credit without telling me, bad bad bad. My parents wont pay it off right away either, bad business atm but yeah, going to a job interview in a few hours! It is no fun being broke as **** either, specially after having all the money you wanted for last year lol

Goodluck to you on your interview.

[One_Hertz]

Originally Posted by G35ftw

What is the best way to go about doing this? Should I just call one of the companies that I currently have a card with and ask for a new credit card that I can transfer all my balances to?

This would be with your bank. Look up what a credit line is. It is not like CC. It is meant for long term debt. I took a 30k credit line to pay for my G. The interest rates are pretty small in comparison to CC (I think I pay 5.25%).

[lostsk8r]

Originally Posted by vhtran

Goodluck to you on your interview.

Thanks, it wasnt as glorious of pay as I thought it would be but its a start.

[nghiars]

Tackle the card with the HIGHEST interest rate first because that ones making more interest off you per dollar. then work your way down the line.

[Smartidiot]

Originally Posted by G35 Mass

Jealous much?

yeah I am so jealous of a broke a*ss cop who tried to steal taxpayers' money to pay off his own debt... that's exactly how I feel.

[G35 Mass]

Who did that?

[pattyskin]

Sadly I have all too many friends with tons and tons of debt. They make it so easy to get credit, student loans, credit cards, financing cars and everything else. The real lesson you need to learn is don't spend more than you make. That's the only real advice I can give you but it is the only advice anyone really needs.

I was fortunate enough to finish out college with no student loan balance, a paid for car, and no credit card debt. The difference is I almost never went out and did expensive stuff, lived right near campus, never bought stuff for girls, and didn't even have cable TV! I'm glad I did this because now I'm able to get credit for just about anything super easy and it makes things so much cheaper when you have a good rating. I am able to manage my money really easily now and I am always responsible with my credit and spending. I was fortunate to have a father who taught me all about being responsible with money and how the financial systems work (he's a PHD economist). Most people get into tons of trouble before they even realize what is happening to them.