7 safe borrowing tips to keep debt in check
Set a debt deadline for credit cards
Cecere suggests paying off credit card balances within three months.
"You need to be able to pay off those debts in a reasonable amount of time and not just make minimum payments," she says.
Better yet, Maurer says, don't even consider carrying your balance as an option.
"Revolving credit balances are the cancer of personal finance in a household," he says.
Cecere adds, if you can only afford minimum credit card payments, don't add new expenses. And seek help from a credit counseling organization if you can't make the minimum.