How bad is being 10k in credit card debt????

Hi
I am am in 10k in cc debt hate seems like i never can get a head with it. I have a house payment and 2 cars that i own that are pd in full. This last year has been a pain, i worked in sales and business was/is very very slow. I resorted to use credit cards more and more, next thing i know i owe 10k. It seemed like all of my payments were going to intrest.. Is anyone else in this situation.

10k in credit card debt is very very bad. If you use credit card, you should pay off balance at end of each month, thus, have "0" balance.

I am not in your situation.

If a person has accumulated a large amount of credit card debt due to multiple credit cards, the need for a proper counseling for credit card debt consolidation can't be understated. Credit card debt consolidation counseling helps a person get vital insights into the facts that can help him get control over the credit card debt.

Credit card debt consolidation counselors are experts with a good knowledge of debt management, budgeting and behavioral patterns of credit card holders. These services are vital for those struggling to manage their credit card debts. Also called credit counseling or debt counseling the credit card debt consolidation counseling brings immediate relief to a credit card holder.

A person seeking credit counseling can get it from two types of organizations. The professional or commercial organizations, and the non-profit organizations. As depicted by its name or categorization, the commercial organizations charge money for their credit counseling sessions and consolidation help on the other hand the non-profit organizations offer free of charge services. Just because the non-profit organizations are free, it doesn't undermine their quality of service. The persons associated with such organizations are thorough experts and have lived the trauma of being under credit card debt themselves and hence bring their vital experience to the credit card holder. Read more from: http://www.credit-card-gallery.com/artic...

If you are caught in the credit card debt trap, approach a debt consolidation company for help, instead of paying high rate of interest to your card issuer. Most of the debt consolidation companies provide loans to help you tide over the credit card debts. These loans are known as credit card debt consolidation loan. The advantage of this loan is that you are charged a low rate of interest. The difference between the interest charged on the credit card and the interest on the credit card debt consolidation loan is substantial, saving you quite a big sum of money.

you should do credit card debt consolidation by transferring your credit card balance to a new but only one card. i believe you accumulate that much debt because you use more that one card. find card that have 0% intro APR for at least 12 months. when you get approved make sure you pay on-time every time for the minimum fee. pay card balance first before any payment such as for your car. once the 0% INTRO is near the end period transfer again to a new card with another 0% Intro APR. if you do this continuously you will not accumulate any interest and all your payment will reduce the debt little by little until you are debt free. your credit rating will improve also. but make sure you don't accumulate new debt with new purchase because usually the 0% INTRO usually only cover for balance transfer. you can check with the issuers for the right term. actually we are having problem with credit card because of the interest on the balance. but with 0% INTRO APR for balance transfer you must take advantage of it. bank do this because they want to attract new client because usually client will use their new credit card. therefore interest gain for the issuer. but if you play the game right you will be smiling all the way. hope that helps.