If Your Credit Card Debts Are Out Of Control

1. Contact the card companies
   If you are having trouble making payments, contact the card companies and create a payment plan. Card companies would rather work something out with you and get their money rather than lose money to a collection agency.

2. Cut spending
   You may have to reduce spending in some areas in order to pay off your credit card bills. Figure out which luxuries you can do without and push that money towards your debt.

3. Consolidate
   If you have more than one credit card, you are paying interest more than once. By combining all your debts into one account, you can often enjoy lower interest rates and one bill, which can help you pay off your debts if you really put your mind to it. Contact your bank or financial institution about this type of loan.

4. Cut up your cards
   If your spending is causing problems, get rid of your cards and focus on repaying. Return to the idea of credit cards only when you can deal with debt again.

5. Watch bad habits
   You may be doing some things - such as spending compulsively or using your credit cards to generate income - that may be making your debt possible. Figuring out what you are doing wrong can help you avoid the same mistake in the future.

6. Get professional help
   Many banks and credit card companies have financial officers who can help you make the right credit decisions - even if you have made mistakes in the past. These services are free and can often help you get back in shape financially. There are also non-profit debt counseling services that can help you pay off debts that seem out of control. If you cannot pay off your cards on your own, professional help can allow you to get a new financial start.

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