National Student Loan and Credit Report Debt Attorney

What Are the Credit Card Debt Tricks of the Trade?

According to, 160 million Americans have credit cards. The average card holder has at least three credit cards, and on average, each household carries more than $15,000 in credit card debt.

An article by news, highlights a website called It’s a software program that calculates how long it will take you to pay off credit cards. It shows you what you can do with “power payments.” Or if you want to pay off one credit card at a time, doing the Dave Ramsey snowball plan.

The article quotes “Get out of Debt Guy”, a blogger who posts all kinds of debt advice and information about legal settlements. He says the worst thing you can do is a credit card consolidation loan. Your payments are lowered initially, but you pay a lot longer and at a higher interest rate. Plus, additional fees are added in.

Read more here:

If you are struggling to get out of credit card debt, consider debt settlement, a positive alternative to debt consolidation. You can get out of debt entirely for a fraction of what is claimed due. It does not involve a higher interest rate or additional fees.


What Are the Credit Card Debt Tricks of the Trade? was last modified: November 1st, 2014 by Kevin Fallon McCarthy
The following two tabs change content below.
Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.
Call 855-976-5777 or Chat Now
  • How much do you owe?
    Select your approximate debt.
    Less debt
    More debt
  • 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.