KANSAS CITY, Mo. - When it comes to chopping away at credit card debt, you need an action plan. That is according to Time magazine which recently published a list of five smart strategies to eliminate that debt.
Time's number one tip is to target just one card. If you want one card paid off, pick the one with the lowest balance. If you want to pay less in interest, pick the card with the highest interest rate.
Other tips include asking for a lower interest rate, carefully transferring a balance or borrowing from a peer-to-peer lender. They provide links to such lenders in their story .
To find more tips and details, visit http://tinyurl.com/9zx7n4c .
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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