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5 overlooked ways to curb credit card debt

Cut off temptation
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Cut off temptation

When you're trying to reduce your debt load, don't make the situation worse. "You have to put up the plastic," says Gail Cunningham, vice president of public relations for the National Foundation for Credit Counseling.

That means leaving your credit cards at home unless you're traveling. It also means saying no to new offers of credit that you don't need, including store card offers to save 10 percent on your purchase. You can even take it a step further by opting out of prescreened offers of credit at OptOutPrescreen.com. You'll still be able to apply for credit cards in the future, but opting out now will reduce the number of tempting offers arriving in your mailbox.


 

 

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Debt Adviser

Don't be seduced by this debt plan

Dear Debt Adviser, I have about $50,000 of debt on credit cards. My credit rating is still high. I am thinking about a debt consolidation loan. Will that adversely affect my credit rating? -- DT Dear DT, The cliche... Read more

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