Having too much credit card debt is a scary and powerless feeling. No matter how you look at your situation, you have a long way to go before you can be debt-free. Fortunately, there are some resources on the Internet that can help you. They won't get you out of debt overnight, but they can at least help you realize you're not alone; they can also help get you on the road to recovery.
Online Support
Use the Internet to find people who are in the same debt situation. Online forums, blogs and message boards help you see that you're not the only one saddled with debt. Learn from the examples of these people to see which methods work and which don't. This research is vital to determining the best course of action for you.
Online Budgeting
Look at your finances and see what you can do differently. Mint.com is a site that allows you to view your accounts by entering the log-on information you use to access these accounts online; the site then summarizes your finances and makes suggestions based on the type of accounts you have. The site helps you keep track of where your money is going and give you information about credit cards with lower interest rates and bank accounts with lower fees.
Online Credit Calculators
Use online credit card calculators to see exactly where you stand. Bankrate.com features many calculators, allowing you to analyze potential plans to attack your debt. See how long it would take you to pay off your debt making just minimum payments, how much you'd have to pay to eliminate your debt by a specified time, how much it would save to transfer your balance to a different card and much more. If you don't want to do any of the work yourself, download a program called ZilchWorks, which creates a payment plan intended to pay down your cards and save you money.
Online Credit Counseling
Use an online credit counseling or debt settlement agency. Initiate the process online, but you may have to finalize the process in person with a loan officer or credit counselor.
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