Steps to paying off credit card debt

Reach a zero balance on your credit cards with this simple, step-by-step guide.

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If you’ve been putting everything from meals to textbooks on a credit card throughout the school year, you may be facing a large balance come summer.

Credit card debt is considered “bad debt” because it comes with extremely high interest rates, no appreciating assets (unlike a loan on a house, where the house value may increase, or appreciate, while you live there), and minimum monthly payments that are so low that it could take several years to pay off your card.

Follow these simple steps to take control of your balance, once and for all.