Thanks to Ask Mr. Credit Card for hosting this week’s Carnival of Debt Reduction!  He asks whether the federal government can cut its debt, too.

Enjoy!

• First May Carnival of Debt Reduction Here are this week's debt-reduction-related posts: Live Real, Now seems to be breaking the chains of servitude.  Congratulations! Debt Tips asks if it's morally wrong to use debt settlement. Wealth Pilgrim gives a couple of ways to go about reducing mortgage payments. PT Money runs down some ways to reduce......
• Smart ways to reduce credit card debt (This guest post is presented courtesy of Debt Consolidation Care.) Often, you take many credit cards in order to maintain a certain standard of living. But the problem arises when you can't repay of the loans. The creditors start calling you time and again. Your credit score gets reduced. Therefore,......

• Time to Pay Off Credit Card Debt Just in case the economic events of 2008-2009 haven't frightened and motivated baby boomers into aggressively attacking their remaining credit card debt, there's more. The Present and Future of Credit Card Terms A 2009 study of the major credit card issuers by Bankrate.com provides some sobering conclusions about the future......
• 10 Excuses That Keep You in Credit Card Debt My wife and I have several credit cards, however, we never keep a balance and avoid any and all finance charges by paying our statements in full each month. We don't necessary subscribe to the idea that you shouldn't have any credit cards, but everyone needs to understand and use......