What is the best and quickest way to eliminate credit card debt without destroying your credit score?

Public Comments

1. I think you know that the answer is to increase income and/or reduce your expenses. The ONLY way to eliminate debt is to pay it.
2. There are many ways to eliminate debt. It is funny, however, because all the extended 7 years figures (re-aging at 6 years 364 days can reset it, folks... Payments count as re-aging, no matter the amount) is about equal to the increased money you have for a blemished score. I myself am going to: 1) Have the 'default' status removed from my Student Loan in 4 months (paying $50 a month, it is removed after 9 consecutive) = GOOD 2) Have got my Capital One balance down to $150, and will let it go back up to $200 out of a $300 Credit Limit - the first time it has been under the limit and down from the -$800- Balance since the beginning/middle of 2007... = GOOD 3) No longer am in in-house Collections for T-Mobile = GOOD And also: 1) Have Creditors for Srint, $550 = BAD (I plan on ignoring them, it has already been a year and one Collection agency sold it to the other, so I know they can only mail letters and do nothing else if I ignore them for a 2-year-old debt.) And my regular payments on other things, and after that Default goes away in June, I hope it will be better... I am waiting until the end of March to start my Credit monitoring.
3. Read Dave Ramsey's Total Money Makeover book. or research online the Debt Snowball technique.. It is a life saver and you will pay off your credit cards faster.
4. Pay it, obviously.
5. Ask lenders for agreement to delete this items from your credit report when paying them. I recommend to get such agreement thru credit repair agency, for example this one - creditreport.imess.net
6. I have found from personal experience finding a good debt assistance company willing to work for you is the best way to eliminate credit card debt. I personally used Academy Credit. They were very nice and helpful throughout the whole process. Here is a link to their website if your interested. http://superaffiliatesoft.net/z/5097/CD2840/&subid1=IG
7. To reduce debts we need to first prioritize credit cards, which we need to pay off first. Always clear those credit cards that have high interest rate. This is what I did when I was in deep neck debts.