Credit cards can offer many great benefits and perks but they can also be a burden for many borrowers. Scott Ferguson, certified financial planner, joined 'Stretching Your Dollar' to talk about the pros and cons of deactivating credit cards and managing debt.

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Stretching Your Dollar: Managing Your Money After Fed Decision
As the country watches the financial situation and monitors decisions from the Federal Reserve, many may be re-evaluating what to do with their money, with interest and mortgage rates at some of the highest levels seen in decades. Mark Hamrick, Washington bureau chief and senior economic analyst with Bankrate, joined Cheddar News to provide tips on your money management as monetary policy continues to change.
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