All Interest charges Q&A

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  • PaulBBrown

    Q&A From Our Experts

    Today's Expert:
    Q:

    It doesn’t make me feel any better, but I discovered the other day that the $8,000 I owe in total on three different credit cards puts me in good company -- I am the typical American.  Any thoughts about how to reduce my debt?

    Bill, White Plains, N.Y.

    A:

    When you find yourself in a hole, the first rule is this: Stop digging.
    And you can do that in four maybe-not-so-easy-but-absolutely-necessary steps.
    1. TODAY, take the two credit cards that are charging the most in interest out of your wallet and cut them in half with a pair of scissors.
    You’ll read more...

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