Young and in small debt question. What is the best way to handle about 5,000.00 dollars in credit card debt ?

Question by xano727: Young and in small debt question. What is the best way to handle about 5,000.00 dollars in credit card debt ?
I have about 5,000.00 dollars of a BoA Visa that appears to have been sent to a collections agency. I am 25 and make about 29k a year so i am on a shoe string budget. Would it be better to take out some kind of small loan to pay this debt off and then repay the loan or go through a debt management plan or debt consolodation plan?


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