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Tips and Advice
By K. D. Nelson, Professional Accountant and Author of the book "Laws of Managing Credit Card Debt"


In December, consumers spent $5.1 billion using their credit cards increasing the amount of outstanding credit card debt to $1.027 trillion, based on the February 2018 Federal Reserve Consumer Credit Report. And, 39 percent of credit card users say they carry a monthly balance, according to the 2017 Consumer Financial Literacy Survey, by the National Foundation for Credit Counseling.
So how can you payoff your credit card debt to avoid a lifelong financial burden? Here are 3 financial advice tips that can help you get out of debt and achieve your goals:
1. Seek Professional Guidance
Seek professional guidance when you need financial advice to payoff your credit card debt. Would you agree that you might be in better shape financially if you had financial guidance before you started using credit cards? Educate yourself and learn how to get out of debt more effectively improving your financial well-being. 
2. Follow a Proven Plan
Following a proven plan to payoff your credit card debt can help you avoid carrying a lifelong financial burden. You should keep track of your debt and maintain a budget of your monthly expenses to determine your financial needs. And reduce unnecessary spending to avoid getting deeper into debt or maxing out your credit card balance.
3. Use a Debt Reduction Strategy
A credit counseling agency will setup a payment plan with your creditors and charge you a monthly fee of $35.00 to $50.00 for a period of three to five years. Filing for a chapter 7 bankruptcy to discharge your debt can cost $1,500.00 to $3,000.00 depending on where you live. Using a debt reduction strategy can help you payoff your debt and save a significant amount of time and money.



 Source:  Laws of Managing Credit Card Debt  
The book "Laws of Managing Credit Card Debt" provides proven strategies to help you get out of debt.                                                                        


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Related Link:  www.managingdebtlaws.com/tips_to_payoff_credit_card_debt.html 




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