Skip to Content
Reducing my credit card debt
Open toolbar

Take the bonus quiz

Test your knowledge. Earn more points. Get started

Which method will eliminate your credit card debt sooner?


The right answer is the High-Rate Method, which tackles higher debt first and will pay it down faster.

Next question
Which kind of debt should you tackle first?


Always tackle secured debt first, because if you miss payments on secured loans, you can wind up losing whatever’s secured—such as your house or your car.

Next question

You got 2 of 3 correct

You can retake the quiz to maximize your points, but you won't get additional points for questions you already answered right.

Retake quiz

Key Takeaways

Print version

Almost everyone carries some credit card debt, and not all debt is bad. But it’s easy to wind up with more debt than you can handle. Fortunately, there are ways of reducing credit card debt and getting your head back above water.

  • Start by getting organized—find out what your debts are, and the interest rate on each one
  • Consider two methods of paying debts: the High-Rate Method and the Snowball Method
  • Make a budget so you know you’re not adding to your debt
  • Pay more than just the minimum on your credit card whenever you can