These tips can help get you back into the black—and stay there
Late payments result in fees and add to your overall debt. Paying on time and including a bit extra every month reduces your balance and interest owed.
Credit card debt can seem insurmountable—but you can get there with the right strategy. To start, focus on one debt at a time (while still paying the minimum on every card).
One strategy—known as the high-rate method—entails paying down your debt with the highest interest rates first.
Or start small: Knock out the card you owe the least on, and work your way up to larger debts.
Transferring card balances from higher-interest cards to a lower-interest card may save money and help you pay down debt faster, but there may be transfer fees—read the fine print!
Knowing how close you are to paying it off feels great and motivates you to keep going!