Need financial advice?

Basically credit cards are evil. I have very low or what I consider very low debt no more than 3K the problem lies just in that I have 3 separate cards and evey two steps forward I take.. I take one step backwards. Like one that I pay is 27 min and I pay that but the finance charge on that is somthing like 15. So

Basically credit cards are evil. I have very low or what I consider very low debt no more than 3K the problem lies just in that I have 3 separate cards and evey two steps forward I take.. I take one step backwards. Like one that I pay is 27 min and I pay that but the finance charge on that is somthing like 15. So while I'm paying the more on the other ones to get rid of that debt I'm spinning my wheels on this one..

So is there companies out there that would help you. I looked into getting a loan to pay it off but I was denied a few times and I don't want anymore hard inquiries. I just want to rebuild my credit. Right now I have a 530, at one time I had a 670 which was awesome.

My wife and I even looked into filing bankruptcy. I've looked researched it, but can't find anything informative.

Just a background into how I got into this mess. I was laid off and couldn't find work for 3 Months. When I did find work again I had put everything on the credit card, but also got 3.5 dollars more an hour with lots of overtime. So I went from 450 net a week to 601 a week min. Since I've been back to work i haven't even touched any of those cards, one I did pay off.

Best Answer:

JenWales: Credit cards aren't evil, they are just a means to an end if used correctly.

Please don't file bankruptcy over $3000. Totally not worth it. That's so doable even for someone with a much lower income than you have. Stop paying the minimum on anything. Pay at least 3 times the minimum on each card and put whatever extra you have towards the card with the highest balance. Eat a lot of pasta and rice and cut down on all of your other expenses.

My scores are all between 830-848. I had terrible credit when I was young, but learned my lesson. I use cards for everything and make them work for me. You'll get there too.

Other answer:

JenWales:
The only advice I can give is to pay them down to zero as quickly as you can. But step two: continue that intensity until you have a big pile of cash saved up (equal to the sum of the three cards credit limits).
SumDude:
Wow Dustin. You are a marvel. You ask for advice then chew out the person who gives you advise you do not want to hear. Also sounds like you are solving your own problem now that you are employed again.
Greg:
$3K is not low debt. I pay off all charges every month. That is low debt. Credit cards are not evil but many people are way to immature to handle them. Grow up. Quit spending. Build up an emergency savings so that the next time you get laid off you don't get into trouble.
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