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6 risky ways to pay off credit card debt

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Find the best way to pay off credit card debt
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You will spend more with credit than with debit...
By Jean Chatzky

Find the best way to pay off credit card debt

You just couldn't resist that clearance sale, and now the thrill of scoring a few bargain purchases is quickly turning into anxiety as your credit card debt mounts.

What's the best way to get out of the red? You could forgo little luxuries, such as paring down to basic cable and bagging lunch instead of dining out, and direct the extra cash to cut the debt.

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You could also pay more than the minimum payment each month, and attack the credit card balance with the highest interest rate first. After several months of sacrifice, the credit card debt would be conquered, and life would resume as before.

But just like losing weight, there are shortcuts you don't want to take to pay off credit card debt. Bankrate outlines 6 of them.

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