All my credit card accounts are current but I'm using them to basically live. I have a huge amount of credit card debt and the minimums are becoming to much. Should I stop paying my minimums?

You state two different facts here:

1. all my credit card accounts are current
2. I have a huge amount of debt

In #1 above, you are saying that all your accounts are up to date, meaning there is no debt ... that is what being up to date means.

If you stop paying the minimums, those creditors are going to come after you ... and can legally take you to court and get a judgment against you. It's THEIR money that YOU spent, and you still owe them that money and they have every right in the world to use whatever means necessary to collect those borrowed funds from you, even if it means garnishing your wages, and/or placing a lien on any of your worldly possessions.

Rule #1: Never try to eek out a living on credit cards ... if you don't have the money to repay those credit cards every month, then don't charge anything to them. Think of it this way ... everything you bought at what one things is face value has interest added to it. A going rate these days is 29% interest on credit cards. So, what you bought for $20 at 29% interest, just cost you $25.80. That extra $5.80 in this case is just lining someone else's pockets, certainly not yours. As the debt increases, so does the amount of interest.

Rule #2: Pay more than the minimum ... no, pay the entire amount ... do whatever it takes, a 2nd job, 3rd job, anything and everything to pay off those debts. Your credit rating is probably at a very low point - those debts are going to stay with your for the next 10 years on your credit reports. Ten years!! It's going to take that long or longer to improve your credit rating.

Rule #3: Destroy all your credit cards, cancel the accounts or ask for them to be closed immediately if not sooner!! Work out payment options with your creditors - ask for them to lower the percentage rate if you sign an agreement to repay a certain amount each month, then do whatever is necessary to actually pay that amount - religiously!!

There is debt counseling freely available - and they will help you with your debt. You will pay them, and they will distribute the funds to where they need to go. For that mediation service there is usually a small fee, but that transaction fee is certainly far less expensive than paying some corporate bigwig excess millions of dollars that he or she didn't even have to work for ... and it's your money that you are giving away!!