Pay Little Or No Interest On Your Credit Card Debt - Okay?

     Are you at all like 45% of America -- in debt to your credit cards and unable to do anything other than make minimum payments? (By the way, it is a mere coincidence that 45 is also the percentage of us considering a move to Canada in the wake of the U.S. dollar’s recent performance.) The math is pretty simple: If you have $5,000 in credit card debt at 12.9%, that’s about $650 a year in interest alone! If you have $15,000 in debt at 12.9%, that’s $1,950 a year…uh huh. You see where I’m going with this. How are you ever going to pay that off if you are struggling to make your minimums?

     Hope is not lost. Not entirely, anyway. The first, second, and third things I would prescribe are cutbacks (live within your means, for the love of Mike!), but there is something else you can do, too: Take the time to make sure you are paying next to nothing in the way of interest. Sound hard? It is not. Well, not that hard.

     Assuming that you’ve been able to make those aforementioned minimum payments, your credit rating might not be too bad. If that is the case -- and of you have not signed up for that much-ballyhooed “do not market to” list – you are likely getting a lot of promotional offers in the mail from credit card issuers. Do not be afraid of them! Take some time and sort through for the best of them, reading the fine print very carefully. If you can snag one with 0-2% APR for nine months or a year -- and if there are no one-time service charges for balance transfers -- go ahead and sign up. In fact, move everything you can over to that card. Go to GetPreQualified.com’s Credit Card Offers.