Getting a handle on credit cards is a daunting task for many given the new economic environment of insecure income streams, variable mortgage payments, shrinking retirement accounts, and a basket of various continuing monthly obligations. A recent post provides a good core list of things to think about that, without covering every possible strategy for managing one’s plastic, allows for quick action if credit card debt is piling up. Lori at CreditShout.com writes:
“1. Make more than one payment a month.
2. A second job isn’t the worst thing in the world.
3. Get lower interest rates.
4. Keep your credit rating high.
5. Transfer your balance to a card with lower rates.”
For more detail, here’s the link to the original article:
