In a spot with CC debt. Need advice about debt management programs vs. consolidation loans.

[Funk-O-Meter]

Well a WHOLE lot of stuff (good and bad) happend in the last 18 months and we're in a rough spot with repaying credit card debt. I need advice.

We're at 21k debt.

About half of that is interest defered via balance transfer offers till next year.

Most of what's subject to interest is at 16% or lower with only 2.2K at 22%

We're making about $75k+ a year between us.

I'm thinking we can pay 1,200-1,800 towards them monthly.

Due to my utilization my FICO is 650ish at the moment. Down 100pts from a year ago.

No lates that I'm aware of.

Just moved to a new town with news jobs (same income) and have new relationships with banks.

Should I:

Stay the course paying every dime we can afford to throw at it and hope to defer some more via transfer offers?

Consider a debt management program?

Consider a consolidation or personal loan?

Thanks guys... sure need some advice from folks who've been here.

[Anonymous]

Stay the course! It sounds like you can do it! Don't add to it, stay disciplined. You CAN do it!!

[Anonymous]

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@Anonymous wrote:
Stay the course! It sounds like you can do it! Don't add to it, stay disciplined. You CAN do it!!

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I agree - Snowball it, paying minimums on the 0% and concentrating on the highest interest. You'll have most of it paid off before the 0% offers even expire.

[Anonymous]

I agree with everyone else. You can do it! Just keep in mind that the more dedicated you stay, the better results you'll see I am pumped for you guys, YOU CAN DO IT!