What to Do When Credit Card Bills Devour Your Paycheck

Credit card debt is tough to avoid: Americans accumulated $18.4 billion in new debt in the second quarter -- 66% more than the year-ago period, according to a recent report. We received an email from a reader who owes $20,000 on her cards, and spends a third of her income on those payments. Credit expert John Ulzheimer offers a legitimate method for her to reduce monthly costs and get out of the red.