Mandatory Damage Control: What to Do When You’re Drowning in Credit Card Debt

There’s nothing funny about money problems. But if you’re carrying credit card debt, you’re not abnormal — the average American owes around $5,700. Plastic can get you into trouble fast, and high credit limits, insane APRs, and a depressed economy conspire to put you even deeper in the hole. If you’re drowning in credit card debt, time is of the essence. The faster you act, the easier it will be to reverse the damage you’ve done to your finances (not to mention your credit score). Before you find yourself without even a pot to piss in, take our advice and get that financial monkey off your back. Here’s how.

Cover Photo: AaronAmat (Getty Images)

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