March 24th, 2011 
admin I have about 20K in Credit Card debt. I have no problem in making the monthly required payments. I thought about taking a loan and then paying the loan off, but I don’t know who will give me a loan that big considering that I only make 30K per year. I have a very descent credit score (above 600). What is my best option to get rid of this debt? I am very skeptical about those debt consoldation companies.
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Cut the plastic in half, then set a goal to eliminate both halves. When you find yourself in the hole, quit digging.
You need to cease use of the cards, list all the balances highest to lowest. Pay the minimum on those at the top, use a debt snow ball to pay off the smallest first.
see http://www.daveramsey.com