I needed some advice on what I should do to get out of debt ASAP. I am currently around $26,000 in credit card debt. I have 5 credit cards and my APR is 24% on each one of them. My balances are as follows CC 1 $7300, CC2, $7200, CC3 $5600, CC4 $3000 and CC5 $2700. I have been able to make minimium payments for several years but have missed a payment or two on each of them which has skyrocketed my minimium payment and APR. I my monthly minimium payments for all of them averages around $800 per month. i make $1100 net every two weeks from work. My total monthly expenses include rent, cell phone, gas, grocery's, electricity, which average to about 1000 per month. I have 14k in my 401k and I own my car which is worth 2-3k max. My minimium monthly payments on my credit cards have gotten out of control and i want to combine all my cc debt in order have a manageable payment each month along with being able to bring down the balances. I don't know if i would qualify for a personal loan b/c i have not checked with my bank, I have an idea my credit isn't so good because i'm maxed out on all of my cc's. i am considering credit conseling but i heard that it ruins your credit. Any advice on tackling this debt and being able to avoid ruining my credit?
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