What to Do When Credit Card Bills Devour Your Paycheck

Before you go, we thought you'd like these...
Before you go close icon
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.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

20 Folks Recall Shocking Interview Moments That Made Them NOT Want the Job 20 Folks Recall Shocking Interview Moments That Made Them NOT Want the Job
Man Felt Something Inside His Nose - But What Doctors Pull Out Leaves Everyone Stunned Man Felt Something Inside His Nose - But What Doctors Pull Out Leaves Everyone Stunned
Rescuer Sees Bumps All Over This Dog's Skin - Then X-Rays Reveal The Tragic Story Rescuer Sees Bumps All Over This Dog's Skin - Then X-Rays Reveal The Tragic Story