I Am 20 year old College Student with $15,900 Debt !?

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I Am 20 year old College Student with $15,900 Debt !?

Quickest way is bankrupcy but that is never a good option.

Other thent that Start by paying off your heighest intrest ones off first.

I Am 20 year old College Student with $15,900 Debt !?

So how much of the $1355 balance of you income are you throwing on that debt?

Make a strict budget. Get rid of all the extras -- cell phone, eating out, new clothes, etc. Put every penny you can squeeze on the highest interest rate debt, while making the minimum payment on the rest. When the highest rate is paid off, move to the next.

Figure out ways to increase income. That might be tough with school but doing odd jobs like mowing lawns, raking leaves, etc on the weekends or maybe deliverying pizza (flexible hours and you get the leftovers).

If you really work at it, you could pay all that off in 2 or 3 years.

I Am 20 year old College Student with $15,900 Debt !?

Here are some suggestions to pay down your dept:

1. Pay much more the minimum monthly balance. Pay as much as you can afford or you will never pay over you credit card debt.

2. Cut down on the uneccessary expenses like eating out so often. You will be surprised how much it costs to eat out vs. eating at home.

I Am 20 year old College Student with $15,900 Debt !?

If a person has accumulated a large amount of credit card debt due to multiple credit cards, the need for a proper counseling for credit card debt consolidation can't be understated. Credit card debt consolidation counseling helps a person get vital insights into the facts that can help him get control over the credit card debt.

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I Am 20 year old College Student with $15,900 Debt !?

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