Credit card balances keep increasing
Rising balances usually signal a monthly gap being covered by the card, rather than a spending problem alone.
Steps to work through
- 1List every card with its balance, APR and minimum payment in one place.
- 2Identify which recurring expenses are landing on cards each month and move them into your written plan.
- 3Decide on one payoff order to focus on and keep it steady long enough to see progress.
- 4Any amount above the minimum reduces interest cost; small extras are still meaningful.
- 5Note the statement dates so you know when a balance is reported and when payments post.
These are educational organizing steps, not financial, legal or tax advice. For advice specific to your situation, speak with a qualified professional.