Dealing With Growing Credit Card Debt

Credit card debt is on the rise. Americans now owe more than $1.1 trillion on their credit cards. Late payments are on the rise, as well. How can you deal with credit card debt that only continues to grow?

Cut up the plastic. Avoid using credit cards for now. Put up, or cut up, the plastic to help avoid charging more debt.

Focus on the highest interest rate card. If you can, pay extra on your highest interest rate credit card, because that is the debt that is costing you the most money.

Increase emergency savings. Reduce or cut some expenses from your budget and focus on padding your savings.
Call CCOA. Make a free appointment to talk with one of our certified financial counselors at (479) 521-8877.