Please ensure Javascript is enabled for purposes of website accessibility

Contacted by What to do with Credit Card Debt?

Learn how Tayne Law can guide you by booking a free phone consultation.

Trusted Clients
0 +
Creditor Relations
0
Cases Solved
0 +
Honors & Awards
0

Jump to: Who Is What to do with Credit Card Debt

I know being in credit card debt can feel like an overwhelming burden that you just can’t shake. Don’t worry, there are ways out of debt. Here are our best tips on what to do with credit card debt:
  1. Downsize your home and major expenses: Many times, the reason you fell into debt is because you are simply living beyond your means. Your houses expenses are simply too high, especially if those expenses are more than 1/3 of your budget. We know that most people don’t want to accept that you are living beyond your means and that you have to make some major changes. Downsizing your home or getting a less expensive car can pay off credit card debt by giving you more cash flow in your budget to allocate towards debt payments to get out of debt.
  2. Pay off credit card debt and other high interest loans: Once you have adjusted your budget and maybe even increased your income and downsized your home or car, start putting this money towards paying down debt. Make more than the minimum payments on your credit cards. Try to make multiple payments a month. If you are working on paying down a large debt such as a mortgage or student loan, try making an extra payment at the end of the year. Take any lump sum money you receive, from tax returns or birthday gifts, and apply it directly to the debts! This is the best way to get out of credit card debt.
  3. If all else fails, seek professional help: If you are struggling to repay your debts on your own or find the process to stressful, don’t be afraid to reach out for help. There are many companies and non-profits that are designed to help you resolve your debts and eventually get out of debt. The best bet is to consult a debt resolution law firm that concentrates solely in debt relief, debt resolution or debt settlement. These law firms will work directly with your creditors to negotiate your unsecured debt for less than the current balance. It doesn’t actually cost more and can be a big help to getting out of debt.
    There are also companies that provide debt settlement work, but in the past they have been known for scams, so be careful before signing up for their debt relief services. Do your research and make sure they have been in business more than 5 years and that they are properly licensed by your State. Also, debt settlement companies cannot charge any upfront fees. You will want to meet with them in person for a no charge consultation and have no unresolved negative reviews online.

Debt relief is available to you to help you get out of debt the right way! Try out these options and consult a professional debt lawyer, like Tayne Law Group, to find out what the best debt resolution option is available to you.

From the people we’ve helped​

As of November, 2024

How our services work

You’ll get a fast response in minutes of calling. Your journey with us is designed to be easy and worry-free, ensuring you receive the support you need at every stage of the debt resolution process.

To get started, Call (866) 890-7337

First, reach out

Request a consultation online, send us an email, or give us a call. The first phone consultation is free!

Expert help you can trust

In the consultation, we’ll talk about your debt and find the best solution for you.

Save time & money

Our open door policy allows you to call worry free anytime you need us.

To get started, Call (866) 890-7337

Why people choose Tayne Law

A debt relief law firm

Profile-3-scaled.webp

Personalized
Program

Every situation is unique. We’ll work with you to find a solution that resolves your debt and frees up your cash flow.

bank-1-scaled.webp

No-billing
Policy

You make one low monthly payment and will never get an unexpected bill.

Certify-2-scaled.webp

Experienced NY Debt Attorneys

We have more than 20+ years of experience providing clients with debt relief.

Handss-2-scaled.webp

Work with
Creditors

We work with all creditors, whether you’re dealing with a collections firm, a national bank, credit union, or another lender.

Shield-4-scaled.webp

Confidential &
Trusted

As a law firm, our attorneys follow strict client confidentiality. Our services are discrete and effective.

Money moves to help you stay on track

Sign up for monthly updates, articles, money advice, and timely topics to keep your finances on track.

Subscribe to our newsletter! 🚀

Request a Free Consultation

Your initial phone consultation is free and requires no committment!
A team member will respond within 1 business day.

Request a Free Consultation

Your initial phone consultation is free and requires no committment!
A team member will respond within 1 business day.

tayne icon on cartoon letter in enveloper

Message Sent!

A Tayne Law team member will respond within
1 business day.