One Woman's Story: How to Pay Off $14,000 in Credit Card Debt?

One Woman's Story: How to Pay Off $14,000 in Credit Card Debt?

The girl: Tiffany

Age: 25

Job: Nonprofit

Where she calls home: The Midwest

Her sitch: In June 2008, Tiffany owed $14,611.47. She's managed to chip away at the balance by using gift money, tax refunds and watching her spending, but she still owes close to $8,000, and she's not sure what else to do.

"I don't have any real system," she says. "I tried fun Excel spreadsheets and advice from friends, but nothing really panned out. In the end, I just kept throwing any money I could at it, from $50 to $200, as often as I could. But I'm hoping to move in the upcoming months, so I won't be able to set much aside to pay off the debt. Help!"

Check out Tiffany's five-step plan to get back in the black. Click to continue!

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