Well, I want you to avoid those “settlement companies” that offer to contact your card issuers and stop paying the minimums. that would ruin your credit permanently.
There’s a simple formula for paying off credit card balances:
Look at this month’s minimum payment and write it down.
Pay DOUBLE this month’s minimum this month — and the exact same amount every month in the future. That’s double the ORIGINAL monthly minimum. And don’t charge another penny on that card!
You will pay off the balance in less than 3 years. You have the money to do this — and you will save a fortune in interest, because paying only the minimum could take nearly 30 years to pay it off!!
This isn’t magic — but it works! Pick the card with the highest interest rate and also the card with the largest balance. Then add the others if you can earn enough money.
Write me back when you’re debt free in about 2-1/2 years!!
You can DO THIS!!