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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 March, consumer credit card debt decreased by $2.6 billion bringing the amount to $1.027 trillion, based on the May 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 credit card debt and avoid a lifelong financial burden? Here are 3 financial advice tips that can help you maintain a better financial future:
1. Seek Professional Guidance
Seek professional guidance for advice to solve a financial problem. Would you agree that you might be in better shape financially if you had financial guidance to payoff credit card debt before you started using credit cards? Educate yourself to learn how you can get out of debt and improve your financial well-being. 
2. Follow a Proven Plan
Follow a proven payoff plan that prevents you from carrying a lifelong burden of credit card debt. Keep track of your debt and maintain a budget of your monthly expenses to determine your financial needs. Reduce unnecessary spending to avoid getting deeper into debt or maxing out your credit limit.
3. Use a Debt Reduction Strategy
A credit counseling agency can setup a payment plan with your creditors. And they will charge you a monthly fee of $35.00 to $50.00 for a period of three to five years. Filing a chapter 7 bankruptcy to discharge your debt can cost $1,500.00 to $3,000.00. Using a debt reduction strategy to payoff your credit card debt can help you save a significant amount of time and money.



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


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URL:  www.managingdebtlaws.com/tips_to_payoff_credit_card_debt.html 






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