Just got married to a man who has an excellent stable Government job as well as nice 30 year military retirement and disability check coming in. I work a swell and we own a home together. The money coming in is good however he came to the marriage with a high credit card card debt of 60,000. I saw that most of these unfortunately came from ugly legal fees with ex wife fighting for custody of their child. That is past and kid now adult. What is best way to pay this off? Is it better to put 3,000 a month towards cards with an average of 11% interest or take a home equity line of credit for a very small interest and pay 3000 towards that? I have read that you do not advise this but if cards are destroyed all but one and that one is put away in our safety deposit box is this the better route? I need advise because not sure what to do but do not want this debt . What a waste of money. By the way we just got our credit scores and have excellent credit individually. I welcome advise.

Here's why you should keep your credit card accounts open: manipulation.

Perhaps you enjoy being syncope, a slave, or a complete fool, who knows. Don't worry, the next time you wake up, you will be paying interest. ("What will be happening while I'm asleep?" you ask. [1] First you will be infiltrated, persuaded to own or keep that credit card. "Just cut it up or don't use it. OK?" A few dreams later ... "No? OK, then just keep it minimally active, just to make sure the creditor keeps you in good standing on your 'credit repore'". A little later ... "No? OK then, just pay off your balance in full, every month." Gee, starting to sound like a cycle already. "Don't worry, you are strong now, perhaps you just settled your debt [congrats!], you will be OK." ... Tick, tock, tick tock. "No? Well then, don't worry, just keep your 'credit utilization ratio' below 30%" ... "No? Well then just pay off the highest % one first" ... "No? Well then ..." Hmm. So many voices, or is it just 'one'? (perhaps). Well anyway, you get the idea: this is your evolution [or devolution] as a person. Remember to listen to the "gurus", I mean they are paid to advise the masses [just not you personally] and help keep the economy "growing" [ehem]. "Keep those credit cards, keep up those FICO scores!" How do economists get their numbers, how do they know if the consumer uses cash or credit [ie. imaginary money] to buttress the economy? Ohh they do know. They need the masses, they need you! Could this be global? Hmmm. "But people are honest, right? The banks are honest and righteous!")

What is interest? Funny you should ask. By one definition, interest means roughly curiosity, fascination, or allure (beginning to sound familiar?). By another: money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt. How dry (it must be working for somebody). But also funny how the two definitions are innocently melded inside your brain. Back to the dry. Interest is really the blood that the machine sucks out of your body, your life, or worse the life in your family (if you have one). But then again, it's not unlike communism if you think about it. Perhaps you want to support it. That $1500/mo in your blood is feeding the masses (see above). It's petrifying how a 30% rate can become tolerable. Learned helplessness? Or do you think you could spot a slave? There is a certain inscription by a set of gates you should know about. Nobody is actually going to wisper in your ear: "Sell your soul." They will just gently persuade you to keep your credit card (perhaps you could stick it in your 'freezer', LOL). When pigs fly.

Your goal should be no cards, no interest. Close down your credit card accounts if you seek hope or desire freedom. (.)

Here's why you should keep your credit card accounts open: manipulation.

Perhaps you enjoy being syncope, a slave, or a complete fool, who knows. Don't worry, the next time you wake up, you will be paying interest. ("What will be happening while I'm asleep?" you ask. [1] First you will be infiltrated, persuaded to own or keep that credit card. "Just cut it up or don't use it. OK?" A few dreams later ... "No? OK, then just keep it minimally active, just to make sure the creditor keeps you in good standing on your 'credit repore'". A little later ... "No? OK then, just pay off your balance in full, every month." Gee, starting to sound like a cycle already. "Don't worry, you are strong now, perhaps you just settled your debt [congrats!], you will be OK." ... Tick, tock, tick tock. "No? Well then, don't worry, just keep your 'credit utilization ratio' below 30%" ... "No? Well then just pay off the highest % one first" ... "No? Well then ..." Hmm. So many voices, or is it just 'one'? (perhaps). Well anyway, you get the idea: this is your evolution [or devolution] as a person. Remember to listen to the "gurus", I mean they are paid to advise the masses [just not you personally] and help keep the economy "growing" [ehem]. "Keep those credit cards, keep up those FICO scores!" How do economists get their numbers, how do they know if the consumer uses cash or credit [ie. imaginary money] to buttress the economy? Ohh they do know. They need the masses, they need you! Could this be global? Hmmm. "But people are honest, right? The banks are honest and righteous!")

What is interest? Funny you should ask. By one definition, interest means roughly curiosity, fascination, or allure (beginning to sound familiar?). By another: money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt. How dry (it must be working for somebody). But also funny how the two definitions are innocently melded inside your brain. Back to the dry. Interest is really the blood that the machine sucks out of your body, your life, or worse the life in your family (if you have one). But then again, it's not unlike communism if you think about it. Perhaps you want to support it. That $1500/mo in your blood is feeding the masses (see above). It's petrifying how a 30% rate can become tolerable. Learned helplessness? Or do you think you could spot a slave? There is a certain inscription by a set of gates you should know about. Nobody is actually going to wisper in your ear: "Sell your soul." They will just gently persuade you to keep your credit card (perhaps you could stick it in your 'freezer', LOL). When pigs fly.

Your goal should be no cards, no interest. Close down your credit card accounts if you seek hope or desire freedom. (.)

Hi. I have c.c.c. debt and I was wondering if I offered the c.c.c. to take 2thousand less than what I owe, would it hurt my credit score or FICO? I also have a 9thousand dollar c.c. and what is your suggestion for me to ask the c.c.c. to lower that payment for a payoff?

Thank you

I'm not sure what to pay off first... Credit card with a balance of 4,000, hospital bill of 3800, or student loan 1600. I know the credit card has the highest interest, but I have heard to pay off the lower amounts and use that money to pay the largest. What should I do?

seems I've made very poor financial decisions since I was old enough to do so. I'm 29 years old now and have about a 12,000.00 balance between 2 cards, Capital One and Discover. I can only make just a little over minimum payments every month, and paying these cards off in the near future are impossible practically. Being a learner and a beginner of this I suppose the interest rate system snuck up on me, beings I know I didn't charge any of this. If it weren't for my cards, I'd have excellent credit. Never late and always more then minimum payments, so I don't believe I am negligent with my credit.

Any suggestions on how I can pay these cards off in a shorter amount of time, and still save some money?

Also I am currently employed with my local government where I participate in our 457b pension plan for retirement. I have 2 accounts in which 1 we no longer contribute. There is a 5 percent fee for transferring money from the old account to my new one. Should I leave the money and let it sit, or should I pay the fee? IRA transfer and withdrawal are not an option for my plan.

Thank you very much

I have one card with boa It was my sons from when he was in Irac I used it everytime he went away to send him and friends packages now he is out of the service and the card is 15000 dollars the payment min is 369 I pay 500 Ill never pay it off it is his only credit I wanted to get a settlement with the bank but they said it would ruin his credit so I was thinking I will take It out of my 401 k because I am close to retirement and I wont be able to make the payment on my retirement money. what should I do?