How I used Craigslist to Pay Off Credit Card Debt

How to Get Rid of Credit Card Debt

I have always been fascinated with financial advisers. They give people financial advice and yet I have never personally met one that was out of debt. They all have house and car payments and many don't even have 3 months of their bills saved. On top of that, if they had no money and there was no food at the store they would not have a way to feed their family. They are totally dependent on society for everything and they have no back up plan.

Sound familiar?

I am not blowing smoke up your you know what either. This is sort of a wake up call. If the real estate market BS of recent times didn't sort of open your eyes to what could be?? Then I dont know what to say.

Getting out of credit card debt is the easiest thing in the world. I am not the smartest person in the world but I do know that the first step to elimination is to.

STOP USING YOUR CARD!! CUT IT UP!

That way you will not be making anymore charges and you can start to pay down the balance.

I only had about $12,000 in CC debt. That was on 3 cards.

You would be surprised how fast they go away if you are not using the cards and doing things to pay them off like we did. We attacked them with a vengeance. After we saw just how much money we had pissed away on interest over the years. We got serious!

We used Craigslist like a garage sale. We looked on Craigs to see what sort of items were selling in our area and priced out junk accordingly. We didn't have as much junk as most people do but it took us months to go through it all. Then one day almost as if by magic we had cleaned out all of our closets, the garage, the back yard Ahhhh!!! We actually only need 6 grand and we can get rid of the leaches! The high interest credit cards.

We started to realize that it was the start of the housing down fall and we went around and procured more junk from peoples curbs. We already knew basically what would sell on Craigs because we were already doing it. If it didn't sell we just put it back on the curb.

Every time we had $100.00 we would throw it at the cards. One of the cards we were able to get a considerable discount for paying it all off. The other 2 card companies treated us like dirt even though we never missed a payment. We don't have any credit cards and haven't needed one for 3 years. For what?? We still get calls from some of the companies that we had cards with asking us why we don't use their services any more.

Yes we talked to a few financial people that were in way worse off shape than we were so I decided not to take their advice.

They wanted us to do debt consolidation. It didn't make sense to me. It was like making another loan. Sure the interest was lower but we did it ourselves and it took a little over a year.

So this isn't new but sell your junk and pay your debt.You don't need all that stuff.

Stop making more debt. Once you get used to not using a credit card its wonderful. Get out from under all those payments every month and you will feel like I new person.

Seriously talk about stress and anxiety relief you wont have to pay a therapist on credit anymore ;-)

Freedom!!!


Comments 8 comments

eddiecarrara profile image

eddiecarrara 5 years ago from New Hampshire

You have some really good information in this hub, I use craigslist often, and have been cleaning out the junk at my house that I haven't use in over 5 years. I use the money to pay off debt also. I hate seeing that I spent $60 in interest, just for using their service. It is an incentive to pay CC debt off quickly.


yenajeon profile image

yenajeon 5 years ago from California

Wow stressful. I'm not personally dealing with credit card debt, but I do have lots of school debt. I guess the difference is school loans have much lower APR... Rated useful!


Marcella Glenn 5 years ago from PA

Great hub! Thanks for sharing.


broussardleslie profile image

broussardleslie 5 years ago

One of the most common companies that people complain to the BBB about since 2008 are "debt consolidators." I am glad to hear you did not touch them!


HubCrafter profile image

HubCrafter 5 years ago from Arizona

Love the idea and the hub!

We'd like to do it (me especially, lol) but without a checking account..it's impractical for us.

We've been upside down for awhile now and unable to get our checking accounts re-opened.

Maybe we can do cash only? (instead of pay-pal, etc.)


Kotori profile image

Kotori 5 years ago from Chicagoland

Love it! We're doing the same thing (getting rid of our junk via Craigslist and Ebay) but I hadn't thought about allotting it specifically to our credit card or curb-shopping. Brilliant!!!


bcarter profile image

bcarter 5 years ago from Green Bay, WI

I love the "curb shopping" idea and my husband and I use it ourselves.

Thanks for the motivation, 2011 is my year to get things into shape.

B


Pixienot profile image

Pixienot 5 years ago from Clarksville, Indiana

Fantastic idea! I loved the article and the advice. Will take it to heart. Being a former hoarder, I have lots of "stuff" to get rid of. What better use than paying off my cc's and they do not amount to $12,000. Still they make me sick!

I can't wait to get out from under.

I enjoyed your writing and your hub. Thanks!

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