Credit card debt: Don't forget the lessons from financial crash

Peoples dept had went down out of 32 of the 36 months between 2009 and 2011. Recently, in October, it has started to go back up again. To pay off your dept on your credit cards, you should first start paying off as much as you can on your highest percentage rate card till it's gone and move on to the next highest. Paying off minimum takes years and costs you more then 50% in the end. If you have a card 12% or more, you should look for a card that offers 0% for 12 months.