College Student With Credit Card Debt Help?

Question

I have a total cc debt around 1600. One is on a captial one card, the other is a wamu card, The wamu should be paid off by december, because I'll be back in school and on work study, My textbooks are also pretty cheap, I think the total will be around 100, I get a book check for 350 so I should have some left over to put toward the wamu bill. The thing is I need school supplies and new clothes.

I'm thinking of spending around 200 dollars on school supplices, clothes and snack foods. For this semester, Half of all my work study check I get will go directly toward the wamu bill and it will be paid off by december or sooner.

So what do you think?

Answer 1

Make sure you make good on that Wamu card payment.

Honestly right now school supplies = yes

New clothes = no. I'm sure you have clothes that you can wear until your debts are paid off. It's not wise to buy anything that's not necesary in your circumstance. Your $1600 can and will easily inflate into much higher numbers as interest is contstantly being accrued. Pay off what you can ASAP and don't buy any clothes, eat out or anything uneccesary until you do. Easy on the snacks and learn to cook and bring brown bag lunches to class.

Answer 2

Although you're making right decisions in paying down your debt, you may need additional income to help with this process.

Getting another loan as has been suggested might not be the best avenue to take and your answer doesn't seem to indicate that you'll consider this even for a moment.

Please take a look at http://Emergency-Cash-Now.com to get 4 strategies that will help you get out of debt quickly.

Thanks for asking your question and all the best to you in working toward getting this "monkey" off your back.

StelStar

Answer 3

credit card is not good.

credit card will become a monster and will drawn you with bills.

complex interest is some thing not.

In Islam and Christianity complex interest is forbidden.