nolalou -First of all, great job on your efforts to save and invest. As to the credit debt - there are a few things you need to consider. What interest rate are you paying on your credit cards? If you can access your "non-retirement" mutual funds to pay off the debt without a pentalty, this may be a good idea. HOWEVER, you absolutely do not want to use invested money to pay off debt if you are just going to turn around and run that debt back up. Your suggestion to pay off the debt on the cards and then cut up all but one is very wise. Remember though, once you pay off the debt, celebrate your "debt-free" status and don't let yourself add up that credit card debt again. If you choose to pay off the card debt, perhaps you can use the money you would normally be paying towards the cards to put away in an emergency fund for things you have previously purchased on the credit card. This way you don't need to use the card except in cases of a TRUE emergency.Just my 2 cents. And welcome to the FOOLS - watch this sight often and you'll learn a lot as I have.Spyguy1022
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