What's the best way to eliminate credit

[Brad]

card(s) debt? I'm in way over my head, as some would say. I owe a little over 5 grand on my primary credit card and the max is $5,300. I owe about $500 on another, and $400 for a traffic citation. What should I attack first? I have a little over $2,000 available. Thanks for your help.

[William H]

Do you have a positive cash flow each month? If you paid cash for everything would you have money left over? Try it for a month and see what happens.What happens if you do not pay the traffic citation? Do you lose your license and your ability to travel to work? If so, I would pay the traffic citation immediately.

[halliod]

The one with the highest balance, that is the one that affects negatively your credit the most. If you have a balance on a card that is more than 50% of the limit your creddit score is going down every month.

[epizan]

If I were you I would free up as much cash flow as possible. I would pay the $400 citation and the $500 but then you MAY want to save the rest and expand your income to pay off the $5300.00. I think that the big thing that you will want to address is WHY did you get into debt?. You may say well I had.... But I would suggest that you look at things and if something like that happens EVERY year then you need to adjust how you plan financially.I would ask you to add up how much you spend on traffic fines and citations per year. Look at your pay and divide how much you BRING HOME by how many hours you work in a pay period and then figure how many hours the citations are costing you every year. For example if you are bring home $30 per hour and you are getting 1 $400 speeding ticket per year and you were speeding to save 20min. The attempt to save 20min cost you a little over 13 working hours.I guess what I am really getting at is make sure that you look at the root cause of things not just the amount of the debt.

[joveesasha]

Call a few company's and ask if you can transfer the amounts to one card, make one payment do not use the cards anymore.