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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 July, consumers spent $2.6 billion using their credit cards. This increases the total amount of outstanding credit card debt to $994.5 billion, based on the September 2017 Federal Reserve Consumer Credit Report. And, according to the 2017 Consumer Financial Literacy Survey, 39 percent of consumers carry a monthly balance on their credit cards.
So how can you manage to payoff your credit card debt? Here are 3 financial advice tips to help you succeed:
1. Seek Professional Guidance
When you have a financial problem it is important to seek professional guidance to help you find a solution. Would you agree that you might be in better shape financially if you had received financial guidance before you started using credit cards? Educate yourself and learn how you can payoff your debt and avoid financial stress. 
2. Follow a Spending Budget
Maintain a budget of your expenses to help determine your financial needs. And manage your personal finances according to a set spending limit. Budget a percentage of your monthly income to payoff credit card debt. And keep track of your spending to avoid getting deep into debt and 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. The benefit of using a debt reduction strategy outweighs the cost and provides a better solution to help you get out of credit card debt.





The book "Laws of Managing Credit Card Debt" is designed to show you how to save time, money, and payoff your debt. 




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