Credit Card Debt and How to Get Rid of It Forever

Credit Card Debt and How to Get Rid of It Forever
Step one: Stop using the credit cards, cold turkey. Josep Suria/Shutterstock
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Dear Mary: You recently said using home equity to consolidate credit card debt is a bad idea. What’s wrong with getting a lower interest rate and combining balances? —Jenna
Dear Jenna: When dealing with risk, it’s always a good idea to ask yourself what is the worst that could happen? What is the risk?
Mary Hunt
Mary Hunt
Author
Mary invites you to visit her at EverydayCheapskate.com, where this column is archived complete with links and resources for all recommended products and services. Mary invites questions and comments at https://www.everydaycheapskate.com/contact/, “Ask Mary.” This column will answer questions of general interest, but letters cannot be answered individually. Mary Hunt is the founder of EverydayCheapskate.com, a frugal living blog, and the author of the book “Debt-Proof Living.” COPYRIGHT 2022 CREATORS.COM
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