Do you ever feel like you’re in over your head when it comes to credit card debt? There can be many reasons consumers like you get into serious debt, and it isn’t always as simple as someone being irresponsible. There can be underlying issues that you need to address if you really want to turn things around and become debt-free.

To give you some examples, here are three reasons your credit card debt might have gotten out of control, and what you can do about each of them. read more..

Whether you’ve just tackled serious credit card debt and you want to avoid it again or you’ve never been in debt and want to keep it that way, there are a few simple New Year’s resolutions you can set which will make that debt-free lifestyle a reality. You might already abide by some of these ideas. Others might be changes worth considering in the New Year, especially if you know you’re susceptible to credit card debt.

Here are three simple New Year’s resolutions where common sense can keep you debt free. read more..

Do you ever find yourself feeling overwhelmed with debt, having to choose which bills to pay during any given month? It’s not a good position to be in, but it can be a challenge to get out of it. How do you choose what to pay first?

Let’s look at how credit card debt might compare to other debts you have and what you should do if you can’t afford to pay off your credit cards right away. read more..

On the surface, all debt might seem to be a bad thing. After all, we frequently hear people talking about how to get out of debt. But in reality, not all debt is bad. Some types of debt allow us to improve our situations and even see a financial return. Those debts are sometimes referred to as “good debts.”

Let’s take a quick look at the difference between bad debts and good debts and some examples of good debts. read more..

What causes credit card debt? Unfortunately there’s no one-size-fits-all answer to that question. While it’s easy to simply blame every cardholder and say they screwed up, that isn’t true. Today let’s look at several possible causes of credit card debt instead of jumping to conclusions.

Here are four common reasons consumers get into serious credit card debt. read more..