$10K Credit Card Debt at High Interest—Can’t Consolidate, What’s My Best Move?

[Storm_Xeroflux]

I need advice. I have 4 credit cards with about $10,000 in total debt. I’ve closed 2 cards already. The interest rates are very high. I’m behind on payments for all of them. I can’t get a loan to pay them off. What’s the best way to consolidate the payments and pay them off?

 

[frenzybytes]

Taking on more debt to pay off existing debt is never a wise strategy. Instead, increase your income by securing a second job and apply all of that additional money toward reducing what you owe.

 

[Breadzilla]

You don't pay off debt by rearranging it. You pay it off by controlling your budget and spending. It takes hard work.

 

[starlighter_]

Try the snowball method. Pour your heart,into paying just the minimums on everything, and focus all your energy on the smallest debt first. When you finally pay it off, let that feeling of accomplishment fuel you. Then, take that payment and combine it with the minimum on your next smallest debt. It’s a powerful way to stay motivated as you watch your debts disappear. Remember though when you close accounts, it may feel freeing to remove temptation, but it can also lower your available credit, which might hurt your credit score emotionally and financially.

 

[CrypticaSyzygy]

Look into GreenPath. They have been so so amazing to work with!

 

[TechHacker81.]

Debt management is the way to go. Green path or family credit management

 

[FireIceMortal7]

Go to your bank or credit union.

 

[LunarQuirk]

Ok, time to shut this down. Here’s what I did:
Eating at home = srsly. Use food pantries. Finish all your toiletries/cleaning stuff before buying more.
Wash & vacuum your own car. DIY mani/pedis Cut back on gifts. Made a regifting closet.
Paid off my house!!! Took 9 cash trips. Had a mortgage burning party Stacked my savings.
Don’t sleep on eating at home it’ll save ur ship. Snacks & drinks everywhere. Eat b4 errands or bring a sandwich.
Btw u gotta bring in more $. Sit with seniors, do Rover , sell plasma, Amazon Flex, Instajob gigs.
Get a gig at a stadium concessions, tickets, security. Unplugging electronics saved me $$$ for yrs.
Watch cashiers , return unused stuff. FB wasn’t a thing back then. Wear what u got, no new clothes.
10 min lunch prep = , bring lunch every day. Check FB Buy Nothing for free stuff now.
Only free/cheap events. No gifts just regift. Need more $? Go to Instajob, stadium job, give blood.
Permanetn sidegig ftw. My debt only moved when I made more $. Gl