Have you been playing the balance transfer game for months and months?Once you have all of that information compiled, add up the minimum payments on each of your credit cards.
There is no one true “best” way to eliminate credit card debt, as doing so all depends on your individual situation.
You can focus on getting each card paid off individually, transfer your balances to one card, ask for a lower interest rate or even get a loan to pay off the balances.
This may be a good strategy for you, as it’s a great way to build up a little momentum and see the results of your hard work sooner.
With this strategy, you increase your payment on the credit card with the lowest balance, while continuing to make the minimum payment on the rest of your credit cards.
To implement this, you simply boost your payments on that card up to whatever you can afford and stick with it.