how much credit card debt do you currently have?
553463
currently, I have only 56,672.23\n\nwhy do you ask?
402786
It depends on the credit card.\n\nMost credit cards require 2% or 4% of the outstanding balance.\n\nTo calculate it, multiply:\n(% of outstanding balance) x (oustanding balance).\n\nFor example, if you owe $3000, and your credit card company required a 4% balance payment, then you'd multiply:\n$3000 x 4% = $120\n\nAlso, many credit card companies round up to the nearest $1, $5, or $10.
767265
sounds like you should pay off your old credit card first!!
73043
the national average is 625 so with about 6 months or so of paying credit cards on time you will be closer to that.  Don't apply for credit anywhere and try to pay more than the minimum on your credit cards.
44997
I think it's seven years, but you would be suprized that most credit card companies will give you credit amediately knowing that you have no more debt!
32518
Why ?  Do you not have cash ?  Do you want to have debt ?\n\nStop using your credit cards.\n\n \n\n“People change their lives only when they say, ‘I’ve had it!’” – Les Brown\n\n \n\nThink you can’t exist in the 21st century without credit?  Do you have at least one credit card?  Did you sign up just for the bonus miles or cash back?  Sounds like it’s time for you to perform a plasectomy.  (That’s what Dave calls cutting up your credit card.)  You’ve heard all the lies, now here are a few facts about credit.\n\n \n\nMyth: No on can live without credit cards.\n\nFact: Actually, 24% of American households are getting by just fine without any type of credit according to a Federal Reserve survey of consumer finances.  Try using your debit card or cash instead.  If millions of Americans can live without credit, so can you!\n\n \n\nMyth: Credit cards help me get airline miles, cash back and other discounts.\n\nFact: Yeah, credit cards also help you get into debt.  Consumer Reports say that only 25% of airline miles are ever redeemed – and credit card companies know it.  Earning a few airline miles is not worth thousands of dollars in debt.  \n\n \n\nMyth: I can just pay off the balance at the end of every month.\n\nFact: You’ll be in the minority.  According to CardWeb.com, only 40% of credit card users pay off their balance when they receive the bill.  Plus, overspending is inevitable when you use a credit card.  It’s just easier to swipe a piece of plastic than it is to flash the cash.\n\n \n\nMyth: “Ninety days same as cash” is the smart way to buy.\n\nFact: “Ninety days same as cash” is a scam.  Retailers know that most consumers won’t pay their balance in 90 days, which means you get stuck with outrageous interest rates and back charges to boot.\n\n \n\nMyth: I’m required to have a credit card to buy a house.\n\nFact: Several quality mortgage companies provide underwriting which allows you to purchase a home without a credit card.  If your mortgage lender requires a credit card for your home loan, run – don’t walk – to a lender who will actually help you achieve freedom from credit.
740180
$4000 isnt that much....Care One Credit Counseling. and cut up your cards!
201453
Absolutely close or cancel any un needed cards. If not for security reasons alone. Banks look at how much credit you have"open" and available to you. They compare this to your income to get a ratio. A debt to Load ratio. So if you have 5 cards out. that's realistically 3 too many.You need to keep a "balance" between having some credit cards and too much debt. You need a few cards open and active to satisfy the companies that you are worthy of more credit but not too much to have them think that their acct is the one that you will default on.
711390
I would just ask my financial institution, but to make a rough estimate, I would say a little less than $35.00 total
58616
How do you get out of DEBT?\n\nFirst - Contact your creditors.  Explain your situation, and see if they'll lower the interest rate on your cards.  \n\nSecond - ALWAYS pay more than the minimum amount due.  If you don't, it's very possible that you'll -never- get out of debt.\n\nThird - If you can possibly live without using your credit cards, do it.  If you can't live without them, try to limit your usage to an amount you -know- you can pay off (INCLUDING those more-than-minimum payments) at the end of the month.
521479
updated continuously:\n\nhttp://www.toptips.com/debtclock.html
457805
Im in debt 2300 on a 2000 limit visa.   I owe mastercard 500 on 500 credit,  I owe sears 200 on 3000 limit.  I have a card at home hardware for 2000, I dont owe anything
570365
I would pay just a little more than the required payment.  If you HAVE to pay $200, pay $250 or maybe even $300. If you just keep paying the minimum payment, the interest will eat you alive.  You will start with a $1,000 debt, and by the end, you will have paid $10,000. Pay those off and get a loan at a real bank to build your credit.  Stay away from credit cards as much as possible.  For online purchases, I use pre-paid credit.  Much much cheaper.
950907
One thing to remember if/when you pay stuff off (mainly credit cards) is even if you pay a card of so you have $0.00 outstanding that cad will still be looked at as potential debt, so say you have a $5000 limit & you pay off the $1400 you still have the ability to get $5000 more in debt after the home stuff goes through.\nIf you have more than 2 or 3 credit cards consider closing them so it will not be seen as potential debt, if not then pay them off & lower the credit limits to say $1000, Even at 680 it's a pretty good score so even a few months after the home stuff happens yopu can have the limit raised back up again.\nThat may help a bit. Also remember the places that report your  credit only do so about once a month so even if anything does change you may not see any change for 30-60 days.\nOh and dont pay anything late, miss payments etc\n\nIn addition:\nDue to the two silly fools below me I guess I should mention I work for the 2nd largest bank in the world. \nKeeping multiple empty card open is of no help in any way at all. It just show you can get in more debt as soon as you like & that does not look good for credit. As for raising the credit limit well thats just stupid for this persons situation. Not only will you then get more enquiries on you credit report (another bad thing) but it then shows you can get into even more debt.
554135
In UK it depends on the Interest Rate in your credit card.\n\nMost of the Credit cards have high-interest rates, probably the majority.\n\nA credit card that gives rewards by points have a high-interest rate also the ones that have Mileage (that accumulates miles)\n\nBut the average charge for an overdue bill of a credit card will be 18.8% to 25%.\n\nFor example you had received your credit card bill with the amount of £1,472.80 (Thousand four hundred seventy two pounds with eighty cents) And you didn't pay on May 22, then the interest will be of 23.4%, so in your next bill it would appear £1,472.80 + (What you waste on the month with your credit card) Ex(£356.79) + the interest of 23.4% it will be (£344.64)\n\nSo your credit card will be in a total of: £2,174.23\n\nBe very careful with the credit cards, it's a bad business of the banks, so try to maintain it and do not waste too much on it.
69258
I have about 5 - Used to have more. I don't think 5 is needed though.  3 is my recomended # -  We USED to have credit debt and ended up keeping the 5 cards that have the longest credit history. That's the only reason we have 5.   I do use them often but now it is only for purchases that I KNOW I can pay in FULL when the bill comes.  So I am NOT in debt anymore - Thank You God!!  It was a long road to hoe - 10 long years we paid off our debt  (over $57,000  - not including house loan) \n\nI am a firm believer in credit used properly.  Too many people don't understand how to go about using credit and end up building a mountain of DEBT instead.  I learned the hard way that this not a good idea.\n\nPS -  andy_r_boyd  -  Don't close down your other card.  Just keep it open with no balance.  put the card away in your file cabinet for safe keeping.  When you close down your oldest cards you are closing down your history!!  TIME is your friend.  Just having the card there helps your credit score because you are in good standing with that card.  Plus it shows to other creditors that you are not out of control with your credit cards.  It looks good to have a card with no balance on it.  It shows that you can budget yourself and you don't have to rack your balances up or max your cards out.  Keep it until you are old and gray :)
478619
Doesn't everyone have loads of credit cards these days?! I mean they are so easy to get hold of. Every week I get something in the post inviting me to sign up for some new low interest credit card! I think they're terrible because they are so difficult to control!! I had a MasterCard when I opened my student bank account in case of emergencies. i wanted a really low limit so I went for one with a £250 limit on. Now less than four years later despite never having asked for the limit to be increased it is now £2000! That ridiculous. How could any normal person ever pay that off? Especially with the 12.5% interest rates. They just increase your limit all the time to encourage you to get into more debt. Not only that but credit cards seriously over charge if you go over your limit - up to £25 even if you go over by a pound!