I have built up quite a large amount of debt on my visa credit cards over the last few years. I have been spending uncontrollably and unwisely. Now I want to stop! And get out of debt as soon as possible! Can you help me and tell me what I can do about this?
Depending on the amount of your debt, I think that taking out a personal loan to cover your credit card debts is the best move. This way you stop the excessive interest rates, and have one, monthly repayment loan and a clear idea as to when you are going to be debt free. One condition, if this is to work, is that you cut up your cards immediately after.
