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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 November, consumers spent $11.2 billion using their credit cards increasing the amount of outstanding credit card debt to $1.022 trillion, based on the January 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 and avoid a lifelong financial burden? Here are 3 financial advice tips to help you get out of debt and achieve your goals:
1. Seek Professional Guidance
When you accumulate credit card debt you need professional guidance to help you find a solution to get out of debt and avoid a long-term financial problem. 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 you can payoff your debt more effectively. 
2. Follow a Proven Plan
When you have a plan to payoff your debt you can use credit cards and avoid carrying a lifelong financial burden. Maintain a budget of your monthly expenses to keep track of your debt and to help you determine your financial needs. 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 can setup a payment plan with your creditors. And will 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 in fees. Using a debt reduction strategy significantly reduces the cost of having credit card debt and provides a better solution to help you manage your debt.



 Source:  Laws of Managing Credit Card Debt  
The book "Laws of Managing Credit Card Debt" provide basic strategies with a plan designed to show you how to save time, money, and help you get out of credit card debt. 




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