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You are not doing yourself any favors by paying the minimum on your credit cards. You're only paying toward the interest and your debt is not getting any smaller or going away. To start downsizing your balance, do not use the card anymore until you have paid it off... Start by paying at least 50% of the balance due each month. If that's not feasible, use your best judgement and focus on paying down your debt.

You're going to have to establish some priorities, if you continue living on a wing and a prayer from payday to payday you're going to dig yourself a hole you may not be able to get out of... one of these days you're going to want or need good credit.

It is not a good idea to continually carry a balance close to your limit. One it makes you look like a higher risk to the card companies and two you have no room for oopsies like forgetting that your annual fee is coming around again or a charge you forgot to write down. Ideally you should be under 30% usage of your credit line but at the very least try to keep it under 50%. You are more likely to get better cards and higher limits if you do that.

Try to be more credit conscious and ALWAYS leave yourself a margin of 100 dollars on the balance. You are showing very POOR credit habits by not making SURE you are paying more than the limit EVERY single month. If not the entire balance.

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Financial Consultants are never objective unless the objective is to make money for themselves. Find one you can trust and really understand what he is telling you. Insurance is NOT an investment its insurance. If you don't know anyone try a discount broker like Fidelity or Schwab. Watch your statement track fees, performance, and don't be afraid to move your account if thing don't workout. CFA's are no guarantee to better performance I'd rather have the backing of a strong institution so good luck.

Any financial planner/consultant is going to make commission on what they do for you. you either need to just search for a reputable company that you can trust, or talk to an accountant or attorney. they could give you some direction while still being objective because you'd be paying them for their objectivity. they wouldn't be giving you advice based on what commission they'd be earning.

Look at reference from the Certified Financial Planner Board of Standards. Then, find a Certified Financial Planner (CFP) who offers «fee only» planning, not paid by commissions. Start reading Kiplinger Personal Finance and Money magazine. Kiplinger had a great article earlier this year on this.

This is my bad experience. Two years ago I was with a guy that had money managing problems. He applied for a credit card and without my knowlege added me as a secondary. When the cards came in and he gave me mine I was furious. I called the credit card company to cancel my card and was told that I couldn't do that because I wasn't the primary card holder. I told this to my then boyfriend and told him to cancel. Later that day he said it was done.

We split up a few months later and about a year ago I applied for an apartment and was denied. Well turns out he didn't cancel the card afterall and charged his card and never made payments. Now it's on my credit and I think it's $5000. The credit card company won't even tell me the amount but I had a creditor statement in his name forwarded to my new address a few months later with that amount.

I've asked the guy to get me a notarized letter admitting fault which will clear my credit in a few weeks to months but he won't. What can I do? A suggestion solution are…

Call the credit card company and tell them that you never applied for it, someone used your name fraudulently. Are you on the account as an authorized user or coapplicant. If you are on as an authorized user just have the company send in a credit reporting update. If you are a coapplicant then call in and have them send out forms stating that you are not responsible for the balance and that your ex will assume responsibilty. Getting a notarized letter does nothing really. If the company won't tell you the amount you sound like you are an authorized user and an authroized user is not legally responsible for the balance. The company can also send you a copy of the application so that way you could tell if you are a coapplicant or authorized user. In order to process it as a fraud claim you would have to be willing to go to court and prosecute him.