College student needs help working out his credit card debt (REALLY BADLY). Anyone out there?

So I%26#039;ll paint a quick picture of the scenario I%26#039;m in right now. At 18 I got out of hand with credit cards (never really had anyone there for me to say %26quot;You%26#039;re an idiot%26quot;). At about 19.5 I lost the job I was working while attending school that was allowing me to pay these credit cards (3 of them) and eventually, somehow someway, actually stopped payments altogether (yes, i know how stupid I am). Long story short, I%26#039;m in trouble. I%26#039;m 21 and know that I need to start establishing/rebuilding my credit. But I don%26#039;t even know of a way to assess all my debt. I%26#039;ll get a letter every now and then about how I owe (x amount)...total I%26#039;m about $9,000 in the hole. So basically, can anyone offer some sort of advice (kindly worded please...I%26#039;m in school I get lectured enough :c)) as to where to START fixing my debt/credit problems. If it were up to me I%26#039;d get a single loan and repay the debt off with that thus having one source of debt to worry about. W/ no credit that%26#039;s not really an option.. THANKS!

College student needs help working out his credit card debt (REALLY BADLY). Anyone out there?emergency loan

Don%26#039;t look for a quick fix to a 3yo problem. Contact each Card Company to see if they will set you up with a repayment plan. Then, using a notebook or PDA, set up accounts for all of the known monthly expenses [use averages for things like utilities %26amp; gas], plus 1 for savings; each payday deposit funds in those accounts [but just leave the money in the bank] to cover what is already spent. At any given time you can subtract the total of the accounts from what money you have, that way you know what is legitimately available to spend. It will take a few months for everything to level out, but after that, you will have the peace of mind that comes from knowing that the bills are covered %26amp; what you鈥檙e spending isn鈥檛 hurting anything.

College student needs help working out his credit card debt (REALLY BADLY). Anyone out there? loan

with no job, getting a loan is not an option either - not much you can do if you%26#039;re not working - just write to each of them and tell them when you get done with school , you%26#039;ll be able to start repaying again - in the meantime though, they will probably jack your int rate up to 30% and keep accruing interest, so the debt is going to increase - most likely they will send it to collection agency and you%26#039;ll have them hounding you on the phone for years|||The loan is not a good idea, you are adding more debt.

I would have suggested you take a balance transfer but since your credit is already damaged, i doubt you can get another card.

I also doubt you can get a loan.

DO NOT contact the credit card company and tell them your situation. Immediately you will be defaulted and required to pay everything in whole.

Best option is to approach one of those credit help facilities so that they can negotiate a lower interest and a manageable payment plan.|||Yeah, that is stupid. Well, the first thing you should do is contact the collection agencies. Try to work out a settlement with them by explaining your situation. Show them you made a mistake and are willing to repay what you can. Negotiate a repayment plan with them, more than than likely it is going to be monthly payments that are going to add up to less than what you originally owed. Next, whatever current credit you do have, make sure you are on top of it. Pay on time! Don%26#039;t apply for new credit often because that hurts your credit score. Try to keep your credit balances to less than or equal 60% of your credit limit. You don%26#039;t want to show that you max out your credit cards all the time. You are going to have to be patient. It is going to take a while before your credit is back on track.|||look in your local phone book for %26#039;consumer credit counslers%26#039; get your bills together and call them. the right ones can really be a life saver. the sooner you call-the sooner you will have piece of mind. good luck.|||If you have found yourself overwhelmed by debt from your credit cards, you may be wondering how to eliminate credit card debt in your life. Believe it or not, you have a lot of company when it comes to worrying about how you are going to eliminate credit card debt. Many Americans are over their heads in debt. It is important that you take steps to get your debt under control before you end up in serious financial trouble.

Find a Way to Get Better Rates

One way that can help you get rid of the credit card debt that you are in is to find a way that you can get better rates on your credit cards. You can do this by trying to find a credit card that has lower rates than your current cards, and then make transfers over to the card with the lower interest rate.

Another way you may be able to get better rates is to try to negotiate with the company or have a credit counselor negotiate with the company to get you better rates on your card. While you may not realize it, having a lower rate can actually save you hundreds of dollars and can help you get out of credit card debt much faster. Read more from: http://www.credit-card-gallery.com/artic...