Considering credit counseling...

[Mnemonic]

I really feel like i am in too deep with credit card debt... now totalling at $12,000 which is small for some people, but i feel like on a day to day base i am using my credit cards, and i feel like i cant drop $1000 a month to pay them back.

 

The main debt is my amex blue, with a $5900 balance, and a $6400 limit. then the rest if in my stack of CC's.

 

Only thing i am afraid of is if i do decide to go with credit counseling, will this worry other lenders and then they cancel my cards? I just started a small business and need personal credit right now to make it work.

 

Any advise?

[munci98]

I'm not sure but I think part of the deal with credit counseling is you close your cards and that's how you negotiate a lower interest rate.

[Rook2g5]

The first step in counseling is getting rid of existing credit...this may not exactly serve you. It's like remodeling a bathroom because the bathroom tissue is not soft enough...

[amszyh]

You were given some great advice in this thread.

[bluemoon2]

a little advice from someone (myself) just coming out of CCC a couple of months ago: RECONSIDER IF AT ALL POSSIBLE

 

take a look at my credit scores in my sig, that should spell it out for you

 

12k is also not that much debt....have you considered other options?