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How can Tennessee residents get out of credit card debt?

Credit cards can provide a lot of financial flexibility. The cards can be used not just during the absence of cash in hand, but during emergencies. Credit card payment plans also give users a chance to pay for their purchases at a manageable rate. However, taking such advantages for granted can lead to financial disaster. Tennessee residents in this kind of situation should assess their situation and the possible solutions to get out of credit card debt.

Being in debt can be hard to take in, but denying your situation makes it much worse. Accept the fact that you are in debt, but accept that there is a way out of it as well. Will tightening up expenses and making a budget help with debt? A budget is always a good way to get your finances back on track. List the essentials, like rent, bills, insurance, taxes and loan payments, and concentrate on paying them. As you do so, cut the fat. This means letting go of non-essential purchases and luxuries.

Can I discuss it with my credit card company? Yes. Tell them that you are currently struggling and any leeway with payments would help. Debts will not magically go away when a company representative taps a keyboard, but there is a chance that the company will agree to a minimum payment reduction.

When all else fails, filing for bankruptcy can help with credit card debts. Bankruptcy is a legal method that can clear debt without sacrificing a person's financial future.

Source:, "6 steps to wipe out credit card debt," Accessed Sept. 6, 2011

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Kenneth C. Rannick, P.C.
4416 Brainerd Road
Chattanooga, TN 37411

Phone: 423-624-4002
Toll Free: 800-257-7594
Fax: 423-624-0509
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