Credit Cards and Debt Interview with KTAR Radio Phoenix
Interviewer: It may not rank as high on the list as eating right or exercising more but getting out of debt is also a popular New Year’s resolution. If that is you Matt Schulz with CreditCards.com tells KTAR you need to figure out how you got into debt in the first place.
Matt Schulz: If it is a temporary thing because of medical emergency or joblessness it’s one thing but if you are just somebody who does not pay bills on time or who cannot resist extra credit that informs how you should go about tackling that debt.
Interviewer: Schulz also says two-thirds of those recently surveyed who asked their credit card company for a lower interest rate were successful. So ask. He also suggests applying for a balance transfer to a low interest card.