Give up those cards buddy, unless you do that, you will always be stuck in a never ending cycle.

You appear to have two problems you need to solve here. (1) Pay off your credit card debt and (2) Increase your credit score. You can accomplish both but it will take some time and debt consolidation is not the answer.

Problem (1): You can pay off your credit card debt without getting a second job. You just have to know how and when to pay this debt. Debt consolidation does not help if you want to be in control of your finances.

Problem (2): If you want to increase your credit score then don’t close any more of those credit card accounts. When you close these accounts your debt to credit ratio increases and that gives you a lower score because you are seen as a high credit risk. Just cut up the cards and throw them in the garbage as soon as they come in the mail.

Debt consolidation hurts your credit score because you are looked at as not being able to handle your finances. If you want to learn how to repair your credit and get out of debt I suggest you do a little bit of research first. Michelle Travis showed me how to get out of debt when I was facing 6 times the amount of debt you say you have. You should see what see has to offer. Her information is free and all the research has been done for you.

Start with the yellow pages

Yellow pages is a great place to begin looking for a debt consolidation service. Thumb through the yellow pages and you will find specific sections for debt consolidation as well as credit and debt counselling.

Internet

Internet is another great resource to find debt consolidation companies online. Search for debt consolidation and enter your city and state next to your search query to get local results or visit google local and then search for debt consolidation. Either way, you will get a handful of debt consolidation companies using the Internet. Since you cannot meet a debt counselor in person if you choose to deal with a company on the web, it makes sense to go to their office in person and leave with a good taste. If you feel the company is not to your liking, move on.

Your local church

Your local church is another excellent option for your debt consolidation search. As your friends who they would recommend for debt consolidation. Many might have considered debt consolidation and will help you find a debt consolidation company that can serve your needs. A referral is a good thing when it comes to debt consolidation.

Some places wont even touch you because you dont have enough debt…..

Not sure how many cards your five thousand is spread over and that would be a factor too.

Since you rent, is it possible that you could take in a roommate or move to a cheaper place to create a bit more cash flow>?

ifyou cannot pay 200 bucks, a month, I am not sure how friendly the debt management services are going to be since even the not for profits charge a bit of money for their time/service.
Granted, the amount is not much but it is something

ALSO
that you are in a debt management program will show up on your reports (thus dipping your score even furhter)

Lastly if you sign up with one of them, it is mandatory that you close your accounts and/or agree not to create any new debt.

If you are thinking of violating this agreement, you should not even sign the papers because the moment you open a new line of credit, your old creditors are perfectly within thier rights to renig on the agreements that they previously had with you.

SO
lets say that your credit card was negotiated to a payment of 90 bucks a month and then you get a new card, it might (probably will) go back up the original amount 200 (or whatever it was) and the agreements that you had with them will be voided

and you can’t blame them, why should they work with you when you are not able to pay for the bills that you currently have yet you want to make more bills.

I dont think you are ready for debt consolidation if you still need to keep and use more lines of credit

In fact, If you have the courage and maturity to take 100% responsibility for all your actions associated with all the aspects of your life, including your finances, career, relationships, health, habits, emotions, and even spiritual beliefs, we believe that by the time you will be leaving this website, you will have achieved the magic-mantra to get you out of debt.

Best of luck
Shama

Many banks have allowed loan modification … many times they don’t consider your FICO.

Sometimes a home owner may have umwittingly signed for a loan not properly executed; the banks breaking one or multiple laws opening your case for justifing a loan modification.

All of your mortgage documents and market history should be reviewed; producing a thurough report giving home owner game during renegotiations.

Good luck!

why did you buy a $ 30,000 car?

I make $ 100,000 a yr – I own a $ 13,000 car that was 2 yrs old when i bought it and teh next one I buy will be another 2 yr old one for less than $ 15,000

bankruptcy and getting rid of the expensive car is always an option