Our advice columnists have heard it all over the years—so we’re diving into the Pay Dirt archives to share classic letters with our readers. Submit your own questions about money here . (It’s anonymous!)

Dear Pay Dirt,

My husband and I have racked up a sizable amount of high-interest credit card debt. And while we have been planning and budgeting to pay it back, the high interest rates mean we don’t make much of a dent. (We’re already putting as much of our regular income as we can toward credit card payments.)

He’s getting a large (low-five-figure) check this year and we were hoping for advice about how to use it best, in a way that lowers the significant chunk of monthly income that goes to credit card debt. We have several credit cards, and one thought was that we could pay th

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