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Credit card debt relief tips for South Carolina consumers

In light of the recent economic instability, many South Carolina consumers have found themselves facing serious financial pressure. One of the biggest pressures for consumers is often credit card debt. Fortunately, there are measures that consumers can take to help reduce their debt burden. These include putting extra income toward debt, doubling up on payments and cutting spending.

Other common tips for consumers include refraining from using credit cards at all. Some sources suggest going so far as to freeze credit cards in a large block of ice. The unconventional suggestion is based on a good idea -- that the consumer will realize how difficult it will be to access the credit cards and likely stop using them. For some consumers, this may help cut spending on those unnecessary items that credit makes all too available.

Another tip is to work toward paying as much as possible on monthly payments or even double up on payments. Every extra bit that is contributed to paying off debt can go a long way toward the ultimate goal of financial freedom. Additionally, using nonrecurring income (like income tax refunds) to pay off balances owed can also help reduce debt without incurring additional payments or interest.

Many South Carolina consumers may feel a great deal of stress and pressure as they work toward relieving their financial burden. Fortunately, there are credit card debt relief options available to them, even beyond what they can do on their own. In many cases, establishing an individualized plan can help secure the best possible options for debt relief, and can illuminate alternatives such as consolidation or bankruptcy protection when appropriate.

Source: MSN Money, 8 smart ways to pay off debt fast, No author, Jan. 14, 2014

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Reed Law Firm, P.A.
220 Stoneridge Drive,
Suite 301

Columbia, SC 29210

Phone: 803-726-4888
Fax: 803-726-4887
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Reed Law Firm, P.A.
1807 West Evans Street,
Suite B

Florence, SC 29501

Phone: 843-679-0077
Fax: 843-679-0667
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