Question about Visa credit debt
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johnnie
Apprentice
Joined: 26 Dec 2004
Posts: 4
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 Posted: 06/04/08 - 04:35 Post subject: |
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| 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? |
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ulric
Apprentice
Joined: 23 Mar 2005
Posts: 5
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| Posted: 07/03/08 - 21:56 Post subject: |
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| 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. |
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