7 Tips to Reduce Credit Card Debt

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
1. Evaluate Your Finances
2. Create a Budget With Priorities
3. Have a Payment Strategy
Snowball method Debt avalanche Blizzard method Automated payments
Snowball Method
Debt Avalanche
Blizzard Method
Automated Payments
4. Target One Debt at a Time
5. Pay More Than The Monthly Minimum
6. Consolidate Your Debt
7. Get Professional Credit Counseling Services
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Frequently Asked Questions
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About the Author
Jason Steele has been writing about credit cards and award travel since 2008. One of the nation's leading experts in this field, he has contributed to dozens of personal finance and travel outlets and has been widely quoted in the mainstream media.
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