If you’re currently struggling with credit card debt, there are probably two questions going through your head…
1) How can I win the lottery?
2) How can I get out of debt?
For 1, you’ve got a better chance at getting struck by lightning. And 2, there are several ways to repay your credit card debt, all of which involve some work and a reevaluation of your budget and spending.
One effective method for getting out of debt is a debt management plan. This service is offered by credit counseling agencies, like American Consumer Credit Counseling. Consumers will complete a free counseling session to determine the best options for debt repayment strategies. Check out this video that further explains what happens in a debt management plan…
To qualify for a debt management plan, candidates must be able to cover all of their regular monthly expenses, and still have money left to apply towards their debts. Any credit card accounts entered into the plan will be closed, and no longer used.
For more information on American Consumer Counseling’s debt management plan, call today to speak to a certified counselor. 800-769-3571.
Visit ConsumerCredit.com for more helpful resources to help you get out of debt.