Question:
How can I pay off my credit card???
anonymous
2017-06-12 12:49:27 UTC
I'm in college and 19. I owe $780. I'm currently planning to pay $200 with my next check, or should I just pay $300 with each check so I can have $600 paid off by two weeks?I work full time but I need money to go out and for food but I'm tired of having this debt. But I only make $300 a week and I sell clothes on an app online but I'll just make $20 or $50 a week and use it for uber to come back from work since I don't drive yet. I pay $30 for food to help out,or money to help wash the clothes, $50 for my phone once a month, what should I do? Should I just use my whole check for two weeks to pay it off? Then after I can be free & I'll just owe$180..should I cancel the card after? Its making me stressed.
93 answers:
jasondixie
2017-06-15 20:22:35 UTC
Dodd
Khnopff71
2017-06-15 14:50:05 UTC
Paying off debt is good, and it builds your credit score (which will come in handy much later when you want to buy stuff like a house) but, just as with exercise, don t try to do too much too soon. If you have $780 on a credit card, the company isn t asking you to pay it all back yesterday. Yes, they make their money on finance charges, but that is how it works with every company making loans. And unless you want to make your life extremely hard and pay for everything with cash, you are going to have to learn how to deal with long-term debt.



Your attitude should be "How much can I safely pay, over the minimum amount, and still have enough money left over in case I need it?" There is no point spending $300 as opposed to $200 if the consequences for doing so will put you in either financial or emotional distress. And yes, at 19, $780 does sound like alot, but it s certainly not an impossible sum. Paying $200 even once a month will have your card cleared in 5 months (I m assuming your finance charges are about $20 per month, so that s an extra $100, for a total of $880. The last payment should be less than $100.) Paying just $220 will have it paid in 4 months. Is the stress of trying to pay $600 really worth the hassle? It s good to pay off debt, but it s even better to develop the skills in paying it off that will help you later on in life.
anonymous
2017-06-14 06:32:30 UTC
You're 19, huh? Well, it's very simple. You won't like it but it is something you'll learn later on in life when you mature: make sacrifices. Instead of going out as often, stay home a few days (weekends, whatever), save the money and use it to pay off the debt. First, it looks good for you on your credit standing. Secondly, credit car companies love those who pay on time and pay off quickly.



Back in the '60s, I desperately wanted to buy a SLR camera. For lunch, I had a hotdog and a cup of coffee a few days a week, didn't splurge at all, didn't go to the movies, etc., until I had enough to buy the camera. Years earlier, I wanted to buy my 2 oldest nephews a small TV for them to watch cartoons and the TV series, Batman... I made sacrifices until I had the money to buy them a fully working used TV, a few toys and winter boots and coats. I recall working substitute for vacationing maintenance men during night shifts, too. But, seeing the joy in my little nephews' faces was well worth it to me, and it still makes me feel good all these decades later.



You know what's wrong with credit cards? The feeling of immediate gratification. You get used to buying but neglect little by little to pay off and when you realize it, you're in a deeper hole than you realized.



Me? I never used my credit cards; I always kept one in case of some emergency that might arise. But, I normally pay cash when I can or I do without if I can't pay cash. I've been offered credit in many places... my response, "No, thank you." Try it; it's great 'exercise" of discipline.
?
2017-06-13 19:26:10 UTC
Cut up the card, then with each pay check pay off as much as you can without going hungry. Once paid off, don't ever use credit again.
Katie
2017-06-13 18:29:04 UTC
Always try to stay within 30% of your limit. Sit aside a certain dollar amount every pay period and use that to pay off your credit car gradually just remember to not stop using it all together.
Sophia
2017-06-13 16:05:59 UTC
Don't go go out until your card is FULLY paid off and after that, always pay it off completely with each bill, or just cancel it there is no point in having a credit card if you're just going to pay minimum balance each month. If you do that you will be burried in debt before the year is over. PAY OFF YOUR CARD COMPLETELY as soon as possible, then you can decide whether it is worth keeping.
?
2017-06-13 08:05:56 UTC
A credit card allows you to buy stuff now and pay over time with a interest fee. If you owe $780.00 then your monthly payment should be around $40-$60. Why stress? Pay the minimum plus anything else you want to chip in to make it a faster payoff. Just use the card sparingly.
?
2017-06-13 00:09:38 UTC
You extend your credit line to someone else for a high interest rate and that will help pay your credit bill.
Dan B
2017-06-12 16:28:28 UTC
Whenever people ask about getting money to pay off a debt, I tell them to look at what they're spending their money on now. You said you need money to go out for food. STOP IT!!! Try eating at home - cheaper. That will allow you more money to pay off your debt. Then you can go out for food once in a while. Pay as much as you can afford on the debt.
?
2017-06-12 15:36:00 UTC
you need to use your paychecks for current obligations and pay whatever you can on the credit card, of course the more the better but you cannot let your current obligations be overlooked

in your case this amount is so bothersome the quicker you can pay if off the better and in the future, use the card only for purchases you know yo can pay when you get the next statement, cancelling is not really needed unless you can't control your spending
kswck2
2017-06-18 15:24:27 UTC
You should 'go out' less and pay more. The longer it takes to pay off a credit card, the more money you pay.

There was a study some years ago that said if you have $10,000 on a credit card and only pay the minimum each pay period, you could live to be 200 years old and never pay it all off.
(A)
2017-06-16 15:55:31 UTC
Destroy the card and work on a budget.
kyaricka
2017-06-16 13:14:05 UTC
Pay it
fdfdf
2017-06-16 00:10:33 UTC
pay it as soon as you can so you give them interest. that's like throwing your money away. Make sacrifices. Differentiate between your NEEDS and WANTS.
Noah
2017-06-15 23:44:33 UTC
Whenever you need to
anonymous
2017-06-15 19:32:17 UTC
Don't plan to close the account, you'll hurt your credit score, which you'll need later in life. Simply work to get it paid off. $100 per week, SAVE toward the bill, and only make one payment, a week before the due date and repeat the same for next month.



Make a budget, to set aside as much cash, after the debt is paid off, that will equal 6-12 months of wages .... Expect it to take more than a year, since you'll want some spending money. I'd expect your budget might be around 25% for savings.



Part of the budget will be to save toward driving lessons and a cheap car, insurance, etc. $100/week will give you $10,000 in 2 year's time. That is enough to buy a very nice used car, and insurance to protect it.



Learn where you spend your money, and plan your month, based on your expected paycheck, and divide it into 4 equal parts, some to be set aside each week to go toward the budget. This leaves an extra 2 weeks each year, which you should set aside completely toward a major expense like perhaps, buying a house, or maintenance on the car, tires, etc.



Learn that credit can be a friend, but you have to pay it off at the end of the month, when the bill comes due. It can help in a pinch, but long-term, you know you need to repay it, and keep it under your control.



You will need to use the card at least once per year, just to keep it active. It will be useful as time passes, especially if you want to buy a house, or some maintenance on the house, after you buy it. Don't be scared of it, just know who's the master, by staying on top of it, and keeping it paid off as quickly as you can.



Credit isn't bad, if used properly. However, if you are not equipped to use it properly, it can cause a lot of hardship and pain.
anonymous
2017-06-15 01:36:58 UTC
cant
vulcan_alex
2017-06-14 21:25:05 UTC
Eliminate anything that does not keep you alive, and reduce the cost as much as possible for everything else. When you have it paid off and an emergency fund that is growing you can go out or have some better food, new clothes, etc. You put consumption first that is your problem.
Rosa
2017-06-14 10:17:58 UTC
If you have that debt for a while now then yes it is time to live the adult life and learn about sacrifices. don't go out, don't get take out nor the over priced food that's at school. Cook whatever you have at home for 2 weeks, if you can't cook then Youtube how, it helped me. pay it off and then just things with the card knowing you have the money for it. Do not cut it up because it will benefit you the day you want to buy a house or a car depending on your ambitions. If you absolutely do loose control of your spending then you will need to cut the card until you grow to be a little more mature.
anonymous
2017-06-14 03:30:35 UTC
Time to sacrifice and pay off that debt as fast as you can. The interest is a killer and that is how the lender is making money off of you. If you cannot pay in cash and it's not emergent, do not make charge anymore. Start to learn to budget and until you pay off that debt, buy simple foods and budget friendly ones. Learn to cook simple meals. Buy more frozen veggies and fruits as they will last longer (even though it may not be as great as fresh). Learn to cook in bulk meals and freeze for the week. Don't eat out. If you do, buy a small item once a week that is inexpensive.

Find ways to go out, that don't cost anything or are free. Go out for walks, hikes, spend time outdoors, picnics with your own food. Go out once a week for a coffee or tea (inexpensive). Budget yourself very well. It is possible to do this and pay your debt with still ensuring you feed yourself with a budget. With this, you will not die. You will have wisely paid your debt off.

Do not get yourself into debt with the credit card again. It is not cash.

I think it's fine to have a credit card in case of emergency. Like for example, you are traveling and you're stranded somewhere with no currency and have to book a hotel etc. Stuff like that but to pay it off right away. It is only good to use once in a while, if you can pay it off right away as that is how one builds a credit history.

However, your problem is that you need to pay it off right away and have the discipline when it comes to budgeting. I think until if you are able to do so, having one may not be a good idea.
perfectlybaked
2017-06-14 00:57:15 UTC
One thing I'll say is that when I owed $700ish on a Discover card back in 2005 and thought it was a lot, my mom was like, 'I wish that's all I owe.'



Keep it that way. Paying it off and cutting it are what I would do, though I'm no financial expert.
Fall
2017-06-14 00:54:53 UTC
Yes
anonymous
2017-06-14 00:48:32 UTC
With money.
?
2017-06-13 19:07:13 UTC
Remember that paying a large amount on your credit card means you are using a lot of your current cash. So if you do need to buy something then you might not have as much cash around and then have to use the credit card! I'd pay like $100 a month. You won't accrue too much interest and it will be paid off in almost 8 months. Usually I find I get a lot of momentum once my balance is under $300 and work hard to pay it off faster.
Kevin
2017-06-13 02:02:46 UTC
manage your money better. don't go out until its paid off and set aside 10 or 20 dollars every paycheck and forget about it. Ive done this since i was 16 and i have over 200 000 saved for my retirement (im 33) its also probably not a bad idea to cancel the card. if you have bad credit buy things with the card and them immediately pay them off to establish good credit after that cancel the card.
?
2017-06-12 22:14:40 UTC
Don't go out until your credit card's paid off. Buy and make your own food, no take out. Shop food sales, plan your meals, use your shoppers' card. A sample menu for the week could be a dozen eggs, bread, pasta (Ramen noodles!), carrots, head of lettuce, tomato, 1 lb of American cheese, bag of oranges, instant oatmeal, coffee, milk. You can make a lot out of that, actually. Tip: eat real fruit vs juices

Is there another way you can get to work besides Uber? Can you take a bus? Can you walk? Can you get rides from friends? See if you can make arrangements with friends that will cost less than Uber, and make them money at the same time as incentive for them.

How about getting a job on campus? There should be no need to pay for commuting. Maybe you could grab an extra few hours of work to make more easy money. I used to work in the Reserve Room in the library and got minimum wage but I walked there and I was able to study while I worked.

I would save enough money to eat, being frugal about it, and then take the rest and pay off the credit card. Keep a few extra bucks FOR EMERGENCY ONLY, like $20 cash always on hand.

Once you pay off your card, keep it, but ONLY use it if you have the cash in the bank and then pay off the card immediately so u can improve your credit score AND maintain the card in case of emergencies or for buying books, etc.
anonymous
2017-06-12 21:49:45 UTC
Get a second job and dont spend it if U dont have it !
?
2017-06-12 18:25:15 UTC
get rid of the card as soon as you pay it off and no more credit card charges, use cash to pay for everything.

you are probably paying a lot in interest and fees, so pay off your debt like $100 out of each check, and you will be done with the debt in less than 8 weeks
Owais
2017-06-12 18:19:18 UTC
have a shower everyday.
anonymous
2017-06-12 13:06:42 UTC
"but I need money to go out" No you don't.
J
2017-06-16 23:19:00 UTC
Try
anonymous
2017-06-16 16:04:11 UTC
Sell some of your stuff.
Radu
2017-06-16 13:44:59 UTC
Try Bitcoin Exchange, Trading BTC USD, BTC EUR - CEX.IO (https://cex.io/r/0/up106610207/0/) . In the next two years the Ethereum price may grow HIGHER
Ruth
2017-06-15 18:47:14 UTC
If you pay off your credit card, your credit rating will drop. I paid off all of my credit cards, my car, medical bills -- everything but my student loans -- a couple of years ago, and my FICO score dropped because there were not enough companies reporting on me. Yes, my score was WORSE because I paid my bills. In this sick, twisted culture run by the financial industry, lifelong debt is the expected way of life. You can't even get a job without a good FICO score. I'm glad I'm 61 instead of 19. I feel for you.
anonymous
2017-06-15 13:11:59 UTC
I'd pay whatever you can without going completely broke because you'll need money for food after payinbit off I wouldn't keep it but if I do I'd keep it at home whatever credit card it is for I'd go shopping their very rarely but when I do go buy only one thing.
?
2017-06-14 23:13:38 UTC
Credit cards are evil. I'm 29 and i just learned this
?
2017-06-14 22:23:02 UTC
Just do it. Stop the extracurricular activities until its paid off. And then, pay it off every month. Most people have credit card debt they struggle to pay off, so get used to it. Use the credit card only for purchases you can pay off at your next paycheck.
Kc
2017-06-14 22:05:16 UTC
The more you pay now the less interest you pay total. Pay as much as you can now
Julie
2017-06-14 18:18:27 UTC
This is the first step to bankruptcy.

Using credit cards before debit
anonymous201
2017-06-14 15:49:49 UTC
get a job
David
2017-06-14 11:31:55 UTC
Just pay all amount and use credit card with your limit so you enjoy your daily rooting and credit card also
Sam
2017-06-14 06:50:52 UTC
I am in debt too
blissassassin
2017-06-13 23:42:40 UTC
If you are ever in any debt like that always cut off non essential costs such as going out and buying expensive fast food and things like that and put that money towards your debt, even if its just $700. Spend your money wisely
Silhouette Of A Stranger
2017-06-13 16:40:10 UTC
So many dumb questions..... If you have DEBT, what the heck do you need "going out" money for?



Stop trying to have your cake and eat it, too.......



Don't wand DEBT? Don't use credit cards..... Credit card are not for people with tight money or money problems.... Just because you get approved for one doesn't mean you can really afford it.........
?
2017-06-13 16:11:32 UTC
There are many places like the park and events to go out for free so cut going out for entertainment.

See if you can find a co-worker to ride with and pay them something .Ask you parent if they can as well. This should be cheaper than uber.

Have a list of expenses which you have then any left over for the card. Then only use the card for emergencies.

See if your employer can pay or reimburse you for your college education. Many will if it is job related.
Minh
2017-06-13 14:13:19 UTC
$780 is not a lot so don't be scared. Just pay off little by little every week or bi-week however your employer pays you.
Nellie
2017-06-13 11:57:07 UTC
connact servise centre
StephenWeinstein
2017-06-13 03:17:47 UTC
If possible, come back from work by bus, train, walking, riding a bicycle, or some other method that costs less than Uber.
anonymous
2017-06-13 00:16:48 UTC
pay off the debt, then you can go out again... if you can live within your means. spend less than you make.
TYWON
2017-06-12 18:37:39 UTC
I think you should meet in the middle and pay 250 a week, or set a goal to pay it in one month because that extra 50 always helps. Then reduce your credit limit, and keep paying 10 a week, that builds up your credit history and shows that you are a capable client. and after a while you will have a pool you can dig into without worrying about interest.
anonymous
2017-06-16 19:18:47 UTC
First of all, do you live in a warm climate? You need to grow a garden. I pretty much survive on tomatoes and tuna snack kits, $1 each. yummy
?
2017-06-14 22:52:54 UTC
If it's already on your credit report, do yourself a favor and call Lexington Law. They help you set up a monthly payment for all your debt, and while you're paying it, they take the marks OFF your credit report. If you just pay it yourself, the negative marks can remain on and haunt your credit report for the next 7 years. That's a long time. Maintaining a good (or great would be even better) credit score is better than being wealthy. If you have bad credit, unless paying a very large down payment to start off with, you can forget about buying your own home. Also personal loans and mortgages are out of the question. When working to improve your credit score, pull out all the stops. It's one of the most important things of your life.
Heni
2017-06-14 22:38:13 UTC
Do it through your bank account
?
2017-06-14 21:11:08 UTC
Pay
Conor
2017-06-14 16:49:15 UTC
Haha I feel your stress (Im 20 and in college), but these guys are giving you better stories then they are answers so ill try and help.



Whatever credit card you have has a minimum payment option. That being said, you can call your bank or look up what it is so that you only have to pay that currently. Only exception is that by only paying the minimum, you're going to incur some interest on the total payment as well. EX. your balance is 780, lets say your minimum payment is 20, you pay that 20 but the interest is 40 (depends on your APR). This is also assuming you don't make any more charges.



My advice would be that you pay the minimum payment first and save up (because obviously as college students we have other obligations and payments... and food). Put aside maybe 25% of your paychecks and whenever you save the full amount due, pay the full amount off. This will make it so that you don't blow 780 all at once and have no money for anything else.
robert43041
2017-06-14 14:07:57 UTC
Pay as much as you can....without going hungry, in a manner of speaking. Once that debt is paid, then put the scissors through that card.
anonymous
2017-06-14 03:32:33 UTC
$100 per credit card statement. You never ever want to short change yourself so bad that you are broke.
?
2017-06-14 02:55:55 UTC
Definitely a manageable balance. Pay a fixed amount of a few hundred each paycheck.



Question is are you able to shrink the balance over time. That's even more important than the sheer amount owed.
anonymous
2017-06-14 00:42:56 UTC
Pay $100 each check...have it automatically withdrawn. Be consistent, but also keep the $200 in your bank acct because you will need it.
MathCrazy
2017-06-13 19:12:52 UTC
Just sit down and relax. Take that $200 and pay it. If you really want the debt gone and willing to sacrifice, then stop doing some extra activities. Then just pay what you have left over.
?
2017-06-13 18:53:12 UTC
IN DON'T KNOW
Chris
2017-06-13 13:44:34 UTC
I would do 200 each week
SETTE
2017-06-13 07:55:45 UTC
It really should have been one of the ten commandments "Thy shalt not credit card"

Since you already have it I recommend paying it off ASAP. If you have to work full time and all weekend both days for a couple of weeks or even a month you should get very serious about it and pay it off without delay. Closing a card can reduce your credit score, so only do that if you are certain you do not have the maturity or self discipline to borrow no more than you can pay off comfortably in one month - preferably in one pay check. If it is simply not practical for you to pay it off aggressively then pay one hundred per month and make 100% sure you have it set aside for only that purpose. Read ""The Richest Man in Babylon" this is one of my faves. It really works and I have been able to save a significant amount that has been of great help in times of having a lean purse. Good luck :)
SumDude
2017-06-13 05:56:51 UTC
At this time in your life just admit that debt is part of your life. Interest at 2% per month ($20, in round numbers, to start, and going down every month)) will not kill you. So pay $100 a billing cycle (or $150, or $200 A BILLING CYCLE if you can easily fit it into your budget). Do not make yourself cash poor, because that could hurt you more than the 2% per month is costing you.
anonymous
2017-06-12 17:22:27 UTC
Get rid of your cell phone and get a govt. cell phone (if in the USA)! Stop taking Uber and take public transportation. If you have Cable drop it! You can get a flat screen antenna in order to get reception.

YES, get rid of your credit card and use cash to purchase things!
Stan
2017-06-12 17:13:44 UTC
If you do not plan on using the credit card, then paying $200 a month is fine. It should be used for gas and small items only
Michael
2017-06-12 13:23:52 UTC
If the debt is stressing you out that much, live on the cheap for a while and just kill it off as fast as you can. You'll survive not getting to go out for a few weeks.
MsBittner
2017-06-12 13:13:16 UTC
If it were my decision, I'd forego going out (or severely limit what I spent going out) until that debt is paid, but I would not deny myself food. I'd stop buying take-out food or prepared meals at the grocery store and do my own cooking and pack my own lunches, since that's cheaper, and pay down the debt as quickly as I could without starving myself.



In lieu of going out, I'd invite people over and cook for them. Spaghetti is cheap.
David
2017-06-12 12:55:37 UTC
It's really up to you. The interest on an extra month of $600-ish is only going to be around $10. Is that worth not starving yourself? Or is going without the extra money worth not having the psychological stress of the debt?



It sounds like you are disciplined about it so I wouldn't worry too much. As long as you have a serious plan to pay it off relatively soon, and are not adding to it, then you should be fine. As far as whether you should cancel, only do so if you don't trust yourself to not get into this situation again. Credit cards can be great to have for emergencies and to build up your credit history. But it's not worth it if you are afraid you will abuse it, and certainly not if it is causing you to lose sleep.
?
2017-06-12 12:54:17 UTC
Just do the 200, you're not gonna have much interest with 780, so it wont hurt to take a little longer paying it off, Then when paid off, use it on small amounts every once in a while and pay off each time to build credit
dvf
2017-06-17 06:01:08 UTC
No
?
2017-06-16 05:28:19 UTC
Set up a system where you can pay it off slowly but efficiantly. I'm currently 2.5k in debt while working a part-time job and I basically put half of my paychecks toward the credit card and the other half into my savings. I, of course, leave myself about $50 to fool around with but at least this way I don't have to empty my entire paycheck into my credit card debt.
?
2017-06-15 16:59:15 UTC
pay as much as you can
?
2017-06-15 14:21:37 UTC
I sold my broken car a paid it off, maybe you can do something similar.
Dave
2017-06-14 18:45:23 UTC
Ask your parents.
anonymous
2017-06-14 14:41:43 UTC
You do not "need the money to go out." You need your "going-out money" to pay the debt. Debt is the result of bad decisions. It's a bad decision to buy things you don't need, or to allocate funds for X when that money should have gone to Y. I was once out of work for seven months. I ran-up about $9,000 on my credit card. When I got a new job, I paid the card down to one dollar of my paycheck. If I got $856.34 in my check, I paid $856 to the card. I did that over and over, every two weeks, until I'd paid the debt down to when the next check would wipe-out the debt entirely. When I go to when the next check would kill the debt, I paid it down to just one cent remaining. I like to keep a tiny balance on there; just something I do. It took me something like three months, but I did it. I didn't buy anything I didn't need until the debt was totally retired. You can do it, too. Just REALLY decide you will-- and DO it. Being debt-free feels great. I have no wife, no kids, no college loans, no home loan and no car loan. I run a small debt to my credit card; it keeps my credit rating at just over 800...
shnookums
2017-06-14 14:35:19 UTC
you pay of credit cards with money...duh
Verna K.
2017-06-14 04:00:06 UTC
Do a part time or full time job. Pay 20% of your income every month to the credit card company.
anonymous
2017-06-14 00:57:56 UTC
I suggest you quit college and get another job
anonymous
2017-06-14 00:44:16 UTC
Are you slow
AAreSSa
2017-06-13 23:16:34 UTC
no. your most important thing u need to do is get food so u dont starve. id put 100 aside every week and stop charging so much on the credit card. u will swim in so much debt u wont be able to catch up. stick with 100 a week towards the card. after its paid of if u want to use it again DO NOT charge more then 30% of your credit line. it plummets your score. if the card has 1000 on it dont spend more then 300 dollars. every month pay it in full and never let this happen again
Jack
2017-06-13 20:11:28 UTC
Take a pen, ink and paper and write a Notice to the credit card company.



Inform them you do no have enough money to pay the bill.



That wish to have all interest put on hold until you are able to pay it in full.



(If they complain, just ask them (the man or woman whose name is on the letter to you) is it for them (your fellow man's) wish to do you harm?



No man may harm his fellow man.



Then pay it off - per month - if you have some overtime money, use that to pay it off quicker.



Inform them that you can pay ($ whatever you can) per month until it is paid off.
?
2017-06-13 19:23:23 UTC
It's not a good idea to leave yourself with no cash on hand in case an emergency comes up. Keep your payments as they are now. You will pay it off soon enough. If you are an impulsive buyer, you may want to cancel the credit card when it is paid off.
Mamianka
2017-06-13 16:36:58 UTC
I admire you for confronting this! Take care of all your OBLIGATIONS (and see what personal things you can trim for a while) and then PAY OFF that debt as fast as you can. And if you want to get pumped about it, listen to the podcasts of Dave Ramsey - if the Christian slant bother you, ignore it, because this guy is REALLY helpful and very motivating. DH and I come from working-class people - all of our grandparents were immigrants ( yup - all 8 of them!) and we both were raised strict. We now have taken early retirement, have multiple college degrees, had great jobs, paid off a gorgeous home in full, ten years early, own vacation property, and have 7 figures in investments. My Grandpa would tell me that rich man in HIS old neighborhood - owned a cow. We work our credit cards to death, but PAYOFF EVERY PENNY every month- and get free trips, hotels, airline miles, cash back - because people who Do The Right Thing get rewarded - companies fall allover themselves to get your business. But you have to know what you WANT versus what you NEED. We always have one newer really nice car - and keep it ten years, and treat it like a baby. The second car is now 14 years old - and looks show-room perfect, too. We got where we are by the right ATTITUDE - and it seem like YOU have it! Compound interest is not for YOU to drown in debt - it's for you to SOAR in smart investments! So DO THIS - and then promise yourself one treat when it is done - and make that SMALL - bigger things are coming in your life. Yes, build you credit in the future - but learn how to BE SMART! Good luck - and write back here when you are SUCCESSFUL in this!
?
2017-06-13 16:35:52 UTC
I heard there was a class action to file. I assume you could file bankruptcy.
fewnotmuch
2017-06-13 16:29:05 UTC
It is always a good idea to pay off a debt and get it over with. You have to avoid luxuries like partying and dressing up real fancy. The only other expenses at this point should be food and basic clothing and rent (if you pay any rent) . Avoid getting sick or injured because you may have medical bills.

After saying this, only $780 in debt is a teensie fraction of what most students owe. According to what you say , you are working . Good. it helps. If you pay regularly you should have most or all of it paid off in a few weeks. It will be over in practically no time . Then you can use your money to spend a bit more on "going out." But I would suggest not to do it too much either. You should save some money because since you are still young and still in school, you have a future ahead of you. Think about the important things. Leave your teenage feelings behind. Oh, you can think about partying and having fun, but avoid spending money on doing it. You will need to make certain investments in the future, possibly more schooling and perhaps moving to where better jobs are etc.

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averyconfer888
2017-06-13 16:04:04 UTC
Pay it off each month if you can in the future to avoid interest. Pay off as quickly as you can afford to avoid further interest.
anonymous
2017-06-13 07:29:19 UTC
Hard to say, you should only spend what you have in your wallet, and do not use the credit card, do not use the phone so much, cut your coat according to your cloth. Go to bank and ask for reduction of repayment rates.
M.
2017-06-12 19:21:12 UTC
Pay $400 this month, and $400 next month, and it will be done. You pay by the month. Understand your due date.



After it's paid off, use the card for emergency only. Then you won't be burdened by it.
?
2017-06-12 17:12:05 UTC
My advice is to get away from credit, quit worrying about a credit report, and just don't pay it. Period.
smahadevan39
2017-06-14 16:38:10 UTC
You may try to clear your credit card liability at the earliest. Their interest is abnormal, besides they also add charges.
Crypto
2017-06-13 19:07:37 UTC
We don't know you, we don't know your problems, your lifestyle and what's best for you in general. But I do know what's best for people in general. If you have a credit card, it's NOT free spending money. Whatever that $780 was, I hope it wasn't anything stupid that you wanted. But if you can't afford to pay back $780 as soon as that bill comes, you should think to yourself you can't afford to pay it back now, so you shouldn't rack up $780 because the interest will kill you. Instead of $780, you'll end up paying $900 in the long run. Is that what you want? Probably not. But credit card companies LOVE you.
Mahfuj
2017-06-12 18:55:24 UTC
Having a lot of debt can wear you down mentally. Paying them off fast and efficiently is a challenge for most people. With all the debt you have, how do you know which to start eliminating first?



While some experts say to eliminate the highest interest rate debt first, there are others that say get rid of the highest balance, while a third group argues to take it one bill at a time and eliminate the lowest bill first. There are two highly used debt reduction methods that we'll examine below: the Stack Method and the Snowball Method.


This content was originally posted on Y! Answers, a Q&A website that shut down in 2021.
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