Credit Card Debt

Credit card debt stories like these will teach valuable lessons to those feeling the heat from debt and wondering what to do about it.



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Credit Card Debt Consolidation

Credit Card Debt Is A Problem, But Many People Have Successfully Solved It

NOTE: As a leading informational site, About Credit Counseling frequently compiles facts, resources and other information regarding credit card debt. Here, we provide testimonials from a number of consumers who struggled with - and rose above - it.

Tales of people's credit card debt problems... and how they found redemption

"Me? Worry about credit card debt? No way! I pay all my bills on time. The minimum payment is so low, how could I ever miss it? That's the great thing about credit cards. The companies go out of their way to help you." - Kari, 24, Santa Fe, New Mexico, 2004

"Okay, so I realized how people wind up in credit card debt. Holy cow. It is a killer and you never see it coming! Companies want you to pay the minimum each month so they can charge you interest on your remaining balance. Without even being aware of it, I racked up thousands in credit card debt. It was bad. It was very, very, very bad. So bad that I briefly thought about ending it all. Okay maybe not that bad. But close. Fortunately, I'm with an agency now that helps me consolidate credit card debt and they've helped me negotiate the rates back down to reasonable levels. And I know to ALWAYS pay in full from here on out." - Eddie, 25, Sacramento, California, 2005

"Don't have a lot of time to get into this right now, but let me just say this. Before credit card debt reduction I had five bills to pay each month. Now I have one. And the balance is 35 percent lower. So it's easier and cheaper. Wow, I guess that pretty much covers it. I hope this helps your guys' site. Now please stop calling me at home. You are starting to act like the creditors!" - Gina, 23, New Bedford, Massachusetts, 2006

"I had massive amounts of debt. Literally, huge amounts. There's no other way to put it. I have a mortgage and a car loan to pay off each month, but the real trouble didn't come from those. No, where I really almost shot myself in foot was with credit card debt. They just make it so easy to shop shop shop, all the time. Shop shop shop shop all the time. Until you DROP. You get the idea. After a few months paying just the minimum, I realized that my credit card debt was growing as fast as I was paying it down. I decided to eliminate these problems with the help of credit counseling right then and there, and am grateful I did... I can't imagine how much more I would have wasted." - Rich, 29, Portland, Oregon, 2003

"I'm not even kidding. Like, a credit card consolidation program like literally saved my life. All I have to deal with is just one bill per month, and the rate of interest went down from like 18 percent to like 10. That's like almost 50 percent. I'm actually going to be able to pay off credit card debt for good in another year. I like it. I like it a lot." - Lisa, 36, Santa Cruz, California, 2005

"For all of you out there who are reading about credit card debt elimination, I cannot stress enough the fact that you don't even want it to become and issue in the first place. If you can avoid signing up for more than one card, do so. Let me tell you, credit card debts suck. I know this from experience. There is so much suckage going on it's ridiculous. Their APRs suck the life out of you, and they always try to give you more credit in hopes you'll spend more of your hard-earned money on their damn interest. Make no mistake, these companies are leeches. The best way to get rid of a credit card debt or debts is to stop them from being a problem in the first place. Be smart and stay strong." - Brian, 62, Ridgewood, New Jersey, 2005


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