Before I begin, I do NOT wish to have ANY solicitations from those who are in any financial offerings!

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With the economy going down the drain over the past 2.5 (+/-) years, I turned to credit cards to keep cash flow going and am now in considerable debt.

My business has seen a reduction in sales close to 100k per year for the past 3 years... (777k in 2006, 324k this year and in looking at my current credit card debt, I am just damn tempted to stop paying all of them and would see a 50-60% 'raise' so to speak in the cash flow.

I have never been late, never payed less then twice the minimum... but this is just wearing me out to the point where I could care less that I have a credit rating of 745.

As a test, I called one that has a little higher rate than others and told them that with the economy, I was strugling a bit and was told there was nothing they could do... Well, if they cant... I CAN !!

In the morning I will talk to my bank and get her thoughts... but I know what I would like to do.

Any comments and or ideas are quite welcome !

Thanks,

Hi, I saw your post and it reminded me of myself. You wrote in your post that you pay double the minimum on your cards. That's great, you can use that to you advantage.
Set a timeframe to only pay the minimum. Once the time runs out go back to paying double. It may "loosen your belt" just long enough so you can take a few breaths.
Don't let your credit get screwed up. It takes a long time to come back from bad credit.