Financial Information
Is It Possible for A Teen To Get Rid of Credit Card Debt?
Question : Is It Possible for A Teen To Get Rid of Credit Card Debt?
When I Was 15 I Did Something Very Stupid & Applied For A Credit Card. My Job That I Have Doesn’t Really Give Me Alot of Hours And It’s Hard For Me To Make Payments. Is There A Way I Can Clear This Even If It Means Going On My Credit? Idc If It Stays On My Credit Report. I Jus Need To Get Rid of It!
get rid of credit card debt
Best answer:
Answer by ElenaG
Yes, it is possible for you to get rid of your debt. Read the book, The Total Money Makeover by Dave Ramsey. He explains the principles of becoming debt free. I hope that this helps you, and that you can become debt free:)
-
-
#2 written by My Take on It 1 year ago
Did you apply and *get* the credit card, use it, and run up a bill you cannot pay?
What you did was commit fraud by lying on the application. It clearly states when you go to sign (whether electronically or in person) the application that all information is accurate and true.
There is no way to clear this other than to pay at least your minimum payments every month.
If the bill is that huge, you might have to involve your parents and tell them what you have done.
Any non payments/late payments etc will stay on your report.
-
#3 written by ARTHUR T 1 year ago
Don’t Let Debt Slow You Down.Get On The Fast Track to Reducing Your Debt By Up seventy percent.Credit card companies make more money the longer you stay in debt.Debt Settlement here www.DebtFreetips.info is the FASTEST and Least Expensive way to get out of debt without filing bankruptcy.Debt Consolidation takes on new debt to pay off old debt and is not a very effective path to a debt free life!Personal bankruptcy should be considered as a last resort.
-
#4 written by Heather 1 year ago
The only way to get rid of credit card debt is to pay it off. Credit is not free money. Your credit history will be with you for life. You will find that this mistake haunts you for the next 12 years or so. When looking for an apartment, buying/leasing a car, even applying for a job, your credit report will be pulled. If you want to rebuild your credit you first need to pay off your debt. That means paying more than the minimum payment each month. It also means that you need to stop using your cards. You should try to get a job with more hours. Do not even think about getting a payday loan. It will only make your situation worse than it already is.
-
#5 written by Me 1 year ago
- Comment Feed for this Post
http://debtreliefreviews.net/top-debt-consolidation-companies/ has several ways to get rid of credit card debt.