by Erin Petersen

[excerpt] In times of economic uncertainty, it’s even more important to put yourself in a solid financial position. One good way to do that is to dig out of credit card debt.

Liz Weston, author of “Easy Money: How to Simplify Your Finances and Get What You Want out of Life,” says tighter lending standards make it even more important for people to bring down their credit card balances. “Many credit avenues are being shut off,” she says. “Some people are finding their credit limits getting lower and interest rates getting higher.”

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