If you read enough articles about credit card debt you are bound to find articles telling you that credit card debt is decreasing. As the following article points out, this couldn’t be further from the truth.
So we can forget about these articles trying to tell you otherwise. Taking into account charge-offs, consumers have actually added $35.5 billion in credit card debt since 2008. This article gives some good tips to help reduce your debts such as living within your means and focusing on 0% interest cards. But if these strategies won’t work for you, what’s your next move? Rather than sitting at home wringing your hands and hoping the problem will go away, seek help. Hope is not a plan for eliminating your credit card debt. Seek the assistance of an attorney experienced in assisting consumers with their debt issues. See what options you have available to help you eliminate your credit card debt.
Kevin Fallon McCarthy
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