How to dig out from a mountain of credit card debt?
Between the Great Recession and stagnant incomes, more than a few Americans have found themselves still trying to reduce sometimes massive credit card debts.
If you are employed and find yourself in such a bind, the good news is that you have income to work with.
Start the journey with a counsel at a nonprofit credit-counseling agency. Look for one through the National Foundation for Credit Counseling or the Association of Independent Consumer Credit Counseling Agencies.
Taken together, income and desire can help you work through a debt management plan, which the credit counselor should be able to devise.
The deal here has you paying off your balances in about five years with creditors' assistance in the form of lower interest charges and waived late fees.
Bankruptcy is often an option of last resort, in which case you'll need an attorney.