Credit card debt is a reality for many people. It is easy to become overwhelmed with credit card debt, but it can be equally difficult to get out of that debt. Some people work diligently to pay off their bills and keep a good credit score. Others realize that they are in too deep and opt to file for bankruptcy. Neither way is wrong, so you should evaluate your circumstances carefully to determine which is the best for you.
One of the first things you have to do is sit down with all your credit card bills and note the important facts about each one. You need to look at the balance of the card, the minimum monthly payments, and the interest rate on each one. Write all of this down so you can see exactly what is going on.
Realistically, your credit card debt won't ever be paid off by making only the minimum monthly payment. It will take a long time to pay off that debt if you pay only the minimum because of the interest that is added each month. Try to make a workable plan to pay off those credit cards. Aim for one that still enables you to live but will also minimize the amount of time it will take to get to a $0 balance on your cards.
When you start paying off your credit cards, you can pick one of two primary strategies. The first is to pay off the card with the highest balance. The other is to pay off the one with the highest interest rate. To do this, you will pay the minimum balance on all other cards and funnel as much extra money you can into the card you will pay off. When that one is paid off, you move the money you were paying to the second card you want to pay off.
If you don't see how you will be able to pay off your credit card debt and all other debt, it is time to seriously consider bankruptcy. This isn't giving up on the debt. Instead, it is a responsible tool that can help you to build a better financial future.