Tuesday, January 10, 2012

Paying off credit card debt is key in becoming financially fit

RALEIGH, N.C. — Getting physically fit is always a popular choice when people start coming up with New Year's Resolutions, but getting financially fit usually isn't too far behind.

For many, that means getting rid of credit card debt.

According to CreditCards.com, the average credit card debt for households that have at least one card is $15,799.

A simple calculation of the interest on that number might be motivation enough to pay off the debt fast, but money experts have some specific suggestions on doing it the right way.

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