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Anything to reduce the interest is worth it. What you need to be doing is aiming for more than the minimum payment and stop spending. Obviously. (sorry) It's hard to give specific, non-trite advice without knowing the specifics. And I have to admit to never having been in that position. 300 minimum is a heck of a lot, though. If you're honest with yourself, can you recover from this situation with careful planning, or is continuing to pay the minimum just putting off the inevitable? Can you sit down with your banker, arrange a lower-interest loan to consolidate all these debts and work out a plan where you can actually pay it off and pay your current living costs without running up new debts? Or will this just trash what remaining credit record you have?
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The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart
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