College student needs help working out his credit card debt (REALLY BADLY). Anyone out there?

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So I'll paint a quick picture of the scenario I'm in right now. At 18 I got out of hand with credit cards (never really had anyone there for me to say "You're an idiot"). At about 19.5 I lost the job I was working while attending school that was allowing me to pay these credit cards (3 of them) and eventually, somehow someway, actually stopped payments altogether (yes, i know how stupid I am). Long story short, I'm in trouble. I'm 21 and know that I need to start establishing/rebuilding my credit. But I don't even know of a way to assess all my debt. I'll get a letter every now and then about how I owe (x amount)...total I'm about $9,000 in the hole. So basically, can anyone offer some sort of advice (kindly worded please...I'm in school I get lectured enough :c)) as to where to START fixing my debt/credit problems. If it were up to me I'd get a single loan and repay the debt off with that thus having one source of debt to worry about. W/ no credit that's not really an option.. THANKS!

College student needs help working out his credit card debt (REALLY BADLY). Anyone out there?

Don't look for a quick fix to a 3yo problem. Contact each Card Company to see if they will set you up with a repayment plan. Then, using a notebook or PDA, set up accounts for all of the known monthly expenses [use averages for things like utilities & gas], plus 1 for savings; each payday deposit funds in those accounts [but just leave the money in the bank] to cover what is already spent. At any given time you can subtract the total of the accounts from what money you have, that way you know what is legitimately available to spend. It will take a few months for everything to level out, but after that, you will have the peace of mind that comes from knowing that the bills are covered & what you鈥檙e spending isn鈥檛 hurting anything.

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College student needs help working out his credit card debt (REALLY BADLY). Anyone out there?

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