Gabby’s Credit Cards
*Interest rate divided by 12 months multiplied by the amount of debt.
My strategy for reducing credit card debt includes:
Check my credit report on www.annualcreditreport.com .
Pay an extra $100 a month on my highest-interest-rate card.
Use only the lowest-interest-rate card from now on.
After reducing balances, I will apply for a new card with lower interest rate.
From Chapter 4: Build Credit and Control Debt