Have you run your credit card balances to their limits? Now you so desperately need to extend those balances so you can buy those things you really need? Yet, in retrospect you realize this is what got you into the position you are in; in the first place? Of course if you pay the minimum balance you will have all these cards paid off by 2020 and pay just over 6 times the face amount you borrowed in the first place. Meanwhile most of those things you bought will be out of style, no longer fit you or their useful life will be over. Not to mention the fact that you will have already giving them away, sold them at a garage sale or let them go for less than a fifth of their price on eBay.

So whereas higher credit card limits may get you out of a tight situation, it is what got you into this mess in the first place. What you need to do is get out of dodge, before your beautiful world comes tumbling down. Perhaps you need to look into debt consolidation or to take to credit councilor who can explain to you what is happening to your income and how much you are really paying in interest and the reality of the situation you are in. It might be also note worthy to concentrate on those credit cards you have with the highest interest and well, work real hard to pay off those balances entirely and if you have to forego other needs and desires for a while as well. No one said this was going to be easy, but it is time you took that bull by the horns and slammed it down onto the carpet and into submission. Please be thinking about this for your own good.

Lance Winslow

Currently Lance is retired at age 40 and is running an Online Think Tank Forum while traveling North America. Perhaps considering something extremely challenging to do that will exercise his mind and utilize all his experiences, observations and skills. Any ideas?