What is the first step to get out of credit card debt, medical debt? Do I need to save a nest egg first, then work on the debt? How can one stop depending on credit cards for car repairs when you have no nest egg?
by 
periotclown
ANSWERS: 1
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Tough situation! If you're carrying 18+ percent interest on your credit card debt, it's going to be a real drain on anything you do. If you can do it, set up a small nest egg for short term emergencies, then pay off the highest interest credit cards, then the rest. If there's too much debt, you may have to find some legal relief, either through someone who can negotiate with the debtors and set up a payment schedule; or (Heaven Forbid!) counsel you on bankrupcy procedures.
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