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How to eliminate Credit Card Debt

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Uploaded by on Jul 26, 2007

This is a video explaining how to eliminate credit card debt.

UPDATE: Thank you all for the hilarious and off color comments, I have decided to never have a credit card again. My debts are paid and I cash all my paychecks and keep the money in a shoebox. Shoeboxes do not charge late fees or over limit fees.

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  • LOL, that’s pretty effin funny.

    but unfortunately credit still matters. Getting your credit back to respectability - Worst time spent EVER. God damn collectors suck your soul, and it takes a lot of patience to track all your stuff with them so they don’t hose you.

    I was tired with the battle, but my friend recommended a company that did all the leg work for him, and all they charged me was $40/year.

    Give them a call if you got credit problems, They are AWESOME

    888-338-3875

  • Just don,t pay the basterds back.Thats what i did.HAHAHAHAHAHAHAHAHAHAHAHAHA­HAHAHAHAHHAHA

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  • Here's some advice:

    1) charge only what you can afford, pay your bill in full each month. Pay on time and never be late.

    OR

    2) Never use a credit card.

  • This guy has the first step in the long trip to the top of a mountain of debt. But it is much more than cutting up your cards to get out of debt. To Start increase your income. Monitor everything that you spend money on the third and most important change your lifestyle. Racking up thousands of dollars in debt doesn't JUST happen You made it happen... Change yourself and you will change the situation.

  • where'd the $25 grand go? If only it was as easy as cutting up the card 

  • i feel fortunate i dont use credit cards of checks at all

    i can breathe easier knowing that

  • he showed his card numbers lol

  • Ask any debt collector if their company has any original paperwork with your signature. Unless you are dealing with the credit card company its self, they will have none. Debt collection companies buy your debt hoping you will pay them back. You don't not have to pay any company you did not render services from. You never asked the debt collection company to buy your debt.

  • i had $27.5K cc debt. i never once cut up a cc. i did live off of crackers and beans for a long while. it did take years to pay off, but it felt good. you can do it. dont give up. I still use my cc, but i dont go out to dinner much and i try to buy durable goods instead of say junk food.

  • Eliminate debt by not using them at all. Don't cut them up either, cook some chicken breasts or steaks on the grill and when your done remove the grate and set them on the coals. They will melt into nothing or be unreadable

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