How To Get Out Of From Under Credit Card Debt...

It has become a lifestyle, a vicious cycle..it's just never ending, and I am not able to save...will I forever rent, move, sell my car just to pay off my debts only to do it again and again...is there a way out of this? Can somebody advice on how to get out of from under credit card debt?

Do I understand you correctly when you asked how to get out from under credit card debt...that you mean, how can I get to the principal amount of debt and not just the interest? Or how to not have credit card debts again, ever?

Yes partly and partly, I'm just tired of the whole system. I feel like a slave in a big machine. Have you seen the movie The Matrix? I feel like I'm inside of that. I want to be unplugged but where is the socket? Anyway, sorry for rambling, that question how to get out from under credit card debt circles my brain each time there's nothing left from my salary after I pay the bills.

That's okay, yes I've seen that movie, and hey the good news is--and speaking of systems..creditors/banks nowadays are willing to negotiate or settle the consumers debts. A new credit card bill has also been passed into law recently, and it's going to be effective by February next year. It tackles issues that you feel are anomalous, issues like:

Interest rates - If the consumer's payment is 60 days late, the credit card company can increase the rate.

Penalty fees - Unless the consumer has asked for an over-limit fee, the creditors can't charge the consumer for it. Banks may not charge late fees if they were also late in crediting a payment.

College students - Credit card companies may not market to people under the age of 21, without parental permission, or verification of their ability to pay

I recommend that you avail of either credit counseling or debt settlement programs to once and for all get rid of your debt...but your accounts must first be past due or else the creditors might not entertain the idea.

Or you  may call them yourself and ask for their hardship program. See if you can lower the interest rate or freeze it so you can pay on the principal amount.

It sounds like you also have what they call a "debt problem" and it's causing you to be depressed. Maybe while you are trying to do something about your debts, you should also consider seeing a counselor, psychologist or a mental health professional with regards to your emotional and mental health. Here are some questions that you can ask yourself in the meantime:

1) Is your credit card balances rising and your income stays the same or even decreasing?
2) Are you only able to pay the minimum amount required on your accounts or even less that?
3) Do you apply for cash advances or new cards to pay off the other cards?
4) You have several credit cards. Many?
5) And you're almost near if not at their limits?
6) How often do you charge more than what you can make in payment?
7) How much do you owe in total? Do you even want to find out? 

I agree with what they've said. You have at least 2 kinds of issues to deal with--but don't lose hope. You've actually come to the right place and you've made the first step into making it better or at least, just doing something about it.

For your credit card problem, do fill out one of the forms that you see in these threads, and speak with a debt consultant about your options. Don't worry, it's free.

And do try to find out if you are suffering from depression too, it's actually a potentially serious illness--maybe even one of the reasons why you keep on falling into debt.

The best of luck to you!

Yeah hang in there, it is definitely possible to get out from under credit card debt. The first thing that must be done is an analysis of your situation. How much is it that you owe? Are you current or behind on payments? What are your interest rates like and are you able to pay more than your minimum payments?

That would be a good place to start, and if you aren't comfortable sharing your situation on the forum feel free to fill out a form on DestroyDebt.Com as don'tyoushiver already mentioned.

Is it wise to use the saved-up amount I have for home equity to get out of the debt cycle I have?

It's possible that this is a good idea, if you have a steady source of income so you can make monthly payments to pay off the home equity loan. Keep in mind, you are securing the debt at that point with the equity, so you can run the risk of foreclosure.