The average credit card debt per household is currently at $14,750, and the US currently is under $2.
4 trillion consumer debt.
Therefore it's not surprising that are tens of thousands of individuals that are in hot water with their credit card debt, but don't fret there is some help on the way.
If you're one of those individuals or live in a household that is drowning in credit card debt and getting harassed by debt collectors there is a place of turn.
The Federal Trade Commission (FTC), is a government organization that wants to help by offering some common sense advice to help consumers get out from under their burden of debt.
If you go to the FTC website you will find a bunch of great articles in regards to debt.
Just check out the FTC website and you can get the information on debt management and debt relief services.
They also offer videos, and workshops via webcasts that will offer education in regards to getting out of debt and will hopefully spread financial literacy throughout the American consumer.
Helping Yourself The FTC can provide the fundamentals and provide you with some valuable advice, check out the FTC website and go to the Consumer Protection and then the Consumer Information section for a variety of articles and content.
There is some content available on the FTC website that covers the subject of developing a realistic budget.
The first step is to analyze your monthly income, and how much you have to allot for expenses.
Items that fall underneath the category of expenses are things like mortgage (or rent), health insurance, car insurance and credit card payments.
Another thing you should scrutinize is the amount of debt that you are currently holding currently, and once you can examine your expenses, your debt, and your income you can start building a reasonable budget and should be able to uncover problem areas.
Possibly some expenses that you can cut back on, or some non-essential expenses that could be holding you back.
Another thing you should look into is software programs that can turn you budgeting into something a little more manageable.
Debt Solutions If you feel that your debt is unmanageable you might want to seek professional help for your problems.
There is some great credit counseling organizations that can assist you get out of debt.
These organizations can provide assistance but all credit counseling agencies are not created equally, make sure you do your due diligence and choose the best consumer credit counseling agency.
4 trillion consumer debt.
Therefore it's not surprising that are tens of thousands of individuals that are in hot water with their credit card debt, but don't fret there is some help on the way.
If you're one of those individuals or live in a household that is drowning in credit card debt and getting harassed by debt collectors there is a place of turn.
The Federal Trade Commission (FTC), is a government organization that wants to help by offering some common sense advice to help consumers get out from under their burden of debt.
If you go to the FTC website you will find a bunch of great articles in regards to debt.
Just check out the FTC website and you can get the information on debt management and debt relief services.
They also offer videos, and workshops via webcasts that will offer education in regards to getting out of debt and will hopefully spread financial literacy throughout the American consumer.
Helping Yourself The FTC can provide the fundamentals and provide you with some valuable advice, check out the FTC website and go to the Consumer Protection and then the Consumer Information section for a variety of articles and content.
There is some content available on the FTC website that covers the subject of developing a realistic budget.
The first step is to analyze your monthly income, and how much you have to allot for expenses.
Items that fall underneath the category of expenses are things like mortgage (or rent), health insurance, car insurance and credit card payments.
Another thing you should scrutinize is the amount of debt that you are currently holding currently, and once you can examine your expenses, your debt, and your income you can start building a reasonable budget and should be able to uncover problem areas.
Possibly some expenses that you can cut back on, or some non-essential expenses that could be holding you back.
Another thing you should look into is software programs that can turn you budgeting into something a little more manageable.
Debt Solutions If you feel that your debt is unmanageable you might want to seek professional help for your problems.
There is some great credit counseling organizations that can assist you get out of debt.
These organizations can provide assistance but all credit counseling agencies are not created equally, make sure you do your due diligence and choose the best consumer credit counseling agency.
SHARE
