Paying only the minimum keeps your card current, but it can trap you in debt for years and cost thousands in interest.
The first step, consumer finance experts say, is to ask your card issuer to reduce the rate. And with average balances now $6,500, consider using your tax refund to put a dent in the debt.
If credit card debt has you feeling stressed, you’re not alone. Many families are struggling to keep up, and it can feel like you’ll never get ahead. But there are ways to take back control. Consumer ...
I need some advice on paying down credit card debt. I have two credit cards open right now, one with a 25.5% annual percentage rate and the other with 29.9% APR. I ran into a financial situation where ...
A reader moved states and racked up $10,000 in credit card debt. A CFP explains how to pay it down while protecting a strong credit score.
HAVE A BREAKDOWN OF THE SIMPLE STEPS YOU CAN TAKE TO START PAYING DOWN YOUR BALANCE. I STARTED TO FEEL THE CRUNCH WHEN I STARTED TO USE CREDIT CARDS FOR JUST DAILY ESSENTIALS. FOR JENNIFER PAEZ, MORE ...
Got credit card debt? Want to pay it off? Oddly enough, another credit card might just be your best bet. It’s one of the stranger ironies in personal finance: Credit cards carry some of the highest ...