What's my best road out of debt
July 4, 2009 8:22 PM Subscribe
I am in debt to the tune of about 20,000 in credit card debt. However, I have great credit, (739) which I've finally cleaned up after a horrible year of ID theft. Most of my debt is on one credit card at 12% APR. I make about 35,000 a year, rent, and don't have any equity or a car. At the rate I can afford to pay at this point (450/month) I'll be in debt for about 8 more years. This seems unreasonable. Should I take out a personal loan, sign up for several low APR credit cards that offer no interest for a year, etc... I live off what I make at this point, and look forward to a credit card-free future. Thanks!