Get Rid of Your Debt As Soon As Possible
It is generally agreed that the best way to deal with credit card debt is to get rid of it as soon as possible. It seems oh so easy but it is very insidious and the debt can keep on building up. Very sound advice can be found on the website “360 Degrees of Financial Literacy”, published by the American Institute of Certified Public Accountants, which suggests the following:
Certainly the best way to pay off your credit card debt is with a single payment.
If you can find the money to pay off all your credit card debt, you’ll get back on
solid financial ground quickly and without paying additional interest.