Is there a way to get out of credit trap of Credit Cards?

First a lucrative credit offer. You get trapped. To come out of the trap you take another credit.YOu avail a bigger credit to repay another credit. You are offered penny concessions at the cost of pound iterest rates. You go penny wise and pound foolish. You find yourself in a debt-trap. Hou do you think you can escape honourably?

Is there a way to get out of credit trap of Credit Cards?unemployment rate

Learn to live within your means.I%26#039;m not trying to come off harsh here,its justa simple fact that so many people can%26#039;t grasp.What you need if you want something you can%26#039;t buy right at the moment is a better job,not a credit card.

I know people that have to go out and buy something just because someone else got/has one now,even if they don%26#039;t need it.(Keeping up with the Jones%26#039;).

Hunker down,put the cards away,and work on paying the debt down.(You bought all that stuff now you own it.)

Is there a way to get out of credit trap of Credit Cards?

loan

This is a crap answer- Rip the basards off like they tried to do to you!! Report It

|||i don%26#039;t sign your name on the dotted line|||You would not believe how many people I have hear who fell into this same trap.

Fall behind on a card, get a loan to pay it off, then run it up again. Then get another loan, run up the cards all over again.

Many thousands of people ended up filing for bankruptcy last year, because the credit card companies made it so easy for people.

Gotta really budget yourself and try to get caught up. Quit getting more credit!|||It%26#039;s beautiful really...

1) Make a decision... Are you really going to struggle for about ten years to pay these off OR are you already too far gone?

2) If you are too far gone- **** %26#039;em! Take out as much credit as you can and liquidate it un-traceably (Foreign currency works well). After EVERY major withdrawal of credit, ALWAYS make AT LEAST ONE minimum repayment from your stash against the debt (This protects you from allegations of fraud)

3) %26quot;Disappear%26quot; For six years (In the UK- Best check if in the US Etc) You only have to move a few times and changing your name will help loads later on!

4) DO NOT Underestimate the ability of credit reference agencies to track you. NEVER Answer any unsolicited mail that you recieve. AND NEVER Apply for any credit during your six year disappearence!

5) And, never underestimate how much money the stupid lending bastards will grant you... They love to think that they have you by the balls- Show them you mean business.|||STOP USING CREDIT CARDS AND PAY CASH FOR THINGS YOU NEED.

DUH!!!

STOP SIGNING UP FOR CREDIT CARDS, STOP USING THEM STOP INCURRING DEBT!!

PAY MORE THAN THE MIN PAYMENT AND STATE ON YOU CHECK THAT YOU WANT IT TO GO TO PRINCIPLE.

STOP CHARGING THINGS!!

AND FOR ONCE I AGREE WITH STUDLY