Mark T. Young & Associates
Free Initial Consultation:
888-376-0282(Toll Free)
Focused On Your
Financial Freedom

Getting in control of your credit card debt

Many Tennessee residents struggle with financial problems, despite the improving national economy. For many people, the primary concern is debt, particularly credit card debt. While credit cards can be useful financial tools, they can also be traps, burdening Tennessee residents with revolving balances and steep interest rates that can make it seem like the debt can never be paid off. However, a recent article had a few tips for people who are looking for ways to get control over their rising level of credit card debt.

The first tip is to try to keep track of what you spend and what you earn. Most people would call this making a budget, but it is really more than that. Keeping track of your income and expenses will allow you to identify where you can make cuts and where you can apply more income to pay off credit card debt. Then, as the next step in the article points out, it is possible to craft a reasonable budget to live by.

After you know the ins and outs of your finances, and you have a budget in place, the next step is to craft a plan for paying off credit card debt. There are many options, such as focusing on the smallest balance first, or focusing on the balance with the highest interest rate first. Whatever option you choose, you can start making directed payments to bring down your level of debt.

Of course, even the best efforts at paying down credit card debt can sometimes seem fruitless. For some people, their debt burden is just too much to overcome. In those cases, personal bankruptcy may be a better option to achieve results that matter.

Source:, "5 Best Tips To Control Rising Credit Card Debt," Aug. 4, 2017

No Comments

Leave a comment
Comment Information

Get Started Today

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Contact Information

Mark T. Young & Associates
2895 Northpoint Blvd.
Hixson, TN 37343

Toll Free: 888-376-0282
Phone: 423-933-1606
Fax: 423-877-0363
Hixson Law Office Map