debt | debt counselor

debt counselor

Help! My Credit Card Debt Is Growing!
By Tymon Hytem
Well if you find yourself facing the ever mounting credit card problem, then you are certainly in good company!  The current of consumers in this country is $2.46 trillion as of June 2007.  This encompasses mortgages, car loans, and unsecured revolving (i.e. credit cards). Total U.S. consumer revolving reached $904 billion in June 2007.  While the majority of American households have no credit card debt, and about a quarter do not even have credit cards, the households that do have credit card appear to be struggling. Approximately 60% of credit card users are not able to pay their balance in full each month (2006 statistic).  And that figure is not coming down as Americans face rising unemployment rates, and corporate cutbacks, and a sluggish economy. Unfortunately, the “new mentality” of Americans has become a cliché’.  If you can’t afford it, then charge it!
So what can you do to stop the credit card problem “growing right before your very eyes” and taking on a life of its own?  Before it becomes necessary to explore credit card settlement or credit counseling services to resolve your unsecured problem, below are some suggestions you can try first!  They are basic and grounded in common sense, but will take your personal commitment to be successful.
First, stop applying for new credit as the attractive offerings pour into your household on a weekly basis.  Don’t be taken in by the “10% off your purchases today” if you apply for our department store card!  Exercise self control and repeatedly keep your goal to be “debt free” foremost in your mind. 
Second, change your spending behaviors!  Use cash or checks or debit cards and make a commitment to yourself to stop pulling out the plastic.  Assess each purchase to determine if you need it, or if you just want it.  If it is a luxury item, then perhaps you need to forego the purchase.  Don’t forget you are facing a growing credit card problem!
Third, develop a plan of attack for the credit card that is already a major challenge in your life!  Face the music and sit down and list all the credit card companies you owe.  Don’t forget gas cards or department store cards!  Set a goal to pay off the small ones first while still insuring you make all monthly minimum payments to the other creditors in a timely manner.  After a few months have passed, regroup and see what you have accomplished!  Is the overall unsecured balance declining?  Or are you stuck with the same credit card problem?  Is tèe credit card problem actually still growing because of unfavorable interest rates on your large balance credit cards?  Be honest in your assessment of your financial dilemma. 
 If you find that many months pass, and you have changed your behaviors (no longer applying for new credit cards, using only cash or debit cards for your daily purchasing), and you are still getting nowhere

Credit card debt is often a result of costly food and grocery purchasing habits
Here's how to tell when you're too deep in credit card debt: if 15% or more of your monthly income goes to pay your credit card bills, you've triggered one of the many warning signs that your credit card debt is out of control. There are other triggers, too: paying the monthly payments on one...
Credit card debt is often a result of costly food and grocery purchasing habits
Here's how to tell when you're too deep in credit card debt: if 15% or more of your monthly income goes to pay your credit card bills, you've triggered one of the many warning signs that your credit card debt is out of control. There are other triggers, too: paying the monthly payments on one...
Credit card debt rises yet again, personal bankruptcy matches pattern of federal spending
The article entitled Credit card debt rises yet again, personal bankruptcy matches pattern of federal spending has been moved to http://www.Counterthink.org/000089.html
Some debt counseling non-profits are just looking to make a buck
The article entitled Some debt counseling non-profits are just looking to make a buck has been moved to http://www.Counterthink.org/000071.html


with your total credit card balance, then it may be time to explore credit card negotiation.  Credit card settlement is an ethical yet aggressive option for reducing unsecured debt.  Debt settlement companies offer this service to consumers struggling with at least $10,000 in unsecured debts.  Credit card settlement may be your only way out as it is understandable that bankruptcy is an undesirable alternative for most.  Take the time to research and explore several credit card settlement companies.  Do your homework thoroughly, checking their BBB records for ratings and their length of time in business.  These settlement companies do provide free consultations with no obligation.  This will let you assess if credit card settlement is an option you should take seriously.

Liv Worthington has worked in the management field for many years. She takes pride in helping all of her clients www.debtremedy.com "> Credit Card Settlement . If you are in debt, then it is important to get on the right path towards Relief by finding the right advisor to aid you in this process.

>

Lead A Debt Free Life With Christian Debt Consolidation Loan
By Tom Frederick
You need loan to accomplish your task but you are in a dilemma because of your God fearing acts and avoid taking loans or going under some debts. But sometimes, circumstances play havoc role and one Read more...

How To Avoid The Risk & Benefit From Debt Consolidation Loan
By Cornie Herring
Debt issue is a matter for many people. Survey results show that American households are carrying an average of $10,000 debt, mainly on credit cards debt. Paying back multiple debts have long stayed Read more...