One-third of Americans are paying only minimums on their credit cards. At that rate, the average credit card holder with an 18% interest rate will be in debt for 42 years, according to The Los Angeles Times. Can you say 2050? And that's never charging another penny to the card as long as you live!

The interest on credit cards is figured daily. So getting money to them earlier in a billing cycle is to your benefit. If you want to climb out of debt, try making a separate payment every 14 days to the credit card company. This method is proven to get you out of debt at one-fourth the time.

Simply mark your calendar every 14 days and write that check or send your online payment on that day. That will add up to one additional monthly payment a year. Just be sure to work these payments around your statement cycle to avoid paying late fees.

Here's another tip: The banks will try to keep you hooked for decades by lowering your minimum monthly payment as you go along. Don't fall for it! Keep paying the same amount each time -- even if your monthly payment gets drastically lowered.

If you have a little extra money to pay, be sure to put all of it on your credit card with the highest interest rate. Don't simply dole it out among all your credit cards without first considering interest rate differences.

Finally, you can't simultaneously pay on a card and then use it and expect to get out of debt. You've got to ditch the plastic!