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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
Seek professional guidance to solve a financial problem and 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. 
2. Follow a Proven Plan
Having a plan to payoff your credit card debt can help you avoid a lifelong financial burden. Maintaining a budget of your monthly expenses and keeping track of your debt can help 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 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 can cost $1,500.00 to $3,000.00 to discharge your debt. Using a debt reduction strategy can help you payoff your credit card debt and save you a significant amount of time and money.



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




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