Avoid Finding Yourself In Credit Card Debt Again

Posted by Century Support Services on Mar 16, 2022

avoid credit card debt

Credit cards are a financial tool. If used wisely, they help manage finances, build credit profiles, and meet financial goals. If misused, they have the potential to create an overwhelmingly stressful financial life.

No matter how you may feel, credit cards are a necessary part of one’s life in the 21st century. It is unrealistic (and arguably unwise) to think one can avoid using credit in a credit-based economy. Therefore, it is essential to know how to use credit prudently.

Stay Mindful Of The Fact That Temptations Are Everywhere.

Marketing is designed to entice consumers to open their wallets, even for things they cannot afford and purchases they do not need.

You Are Not Alone.

According to a recently released Harris Poll, nearly 50% of those polled carry credit card debt. About 40% carry debt from month to month. Approximately 25% of the respondents who carried debt had more than $100,000 in debt.

Debt also tends to amplify inflation’s impact. Other relevant stats from Harris Poll’s 2021 Financial Literacy and Preparedness Survey include the following–

  • 26% of the responding general population is more worried this year about meeting basic expenses related to the household than 12 months ago.
  • 24% of the responding general population is more worried about making timely debt payments this year.

Spend Within Your Means

With temptation everywhere, this may be easier said than done – but not impossible! It can be tempting (and convenient) to use a credit card to meet this cash flow issue when facing a monthly shortfall. Focus on spending less than your income, so it is more unlikely there will be a shortfall to manage.


Contact Century to Learn About Debt Settlement

If debt settlement sounds like it might be the right debt reduction strategy for you, contact Century Support Services. Century has helped hundreds of thousands of people settle debts that they otherwise couldn’t pay, and has saved clients a lot of time, aggravation and money in the process. To date, Century has settled more than $1.3 billion in debt and maintains a 94% satisfaction rating.

To get started, you’ll receive our free assessment and our Certified Debt Specialists will create a personalized program plan for you.

To learn more about the debt settlement process or if you have any general questions relating to how long does debt settlement take or how long will it take to recover from debt settlement, we’re happy to answer any questions.
Contact us today!