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Even Celebrities Have Too Much Credit Card Debt

Have you ever imagined yourself to be rich and debt-free? Do you ever find yourself thinking that if I only earned $20 million a year, I would totally be debt free? Well, that logic does not always follow. Credit card debt issue is not a result of being poor, but of spending way more than you earn.

In fact, as the article below proves, many celebrities like Kim Kardashian, Tori Spelling, Courtney Love and Ed McMahon and other rich personalities have had problems with credit card debt.

As already pointed out, having accrued a massive credit card balance is not always because of poverty. It is more of not balancing your earnings and expenses, or spending too much, or not sticking within a budget or having no budget at all. As in the case of Ed MacMahon, he faced such problem because he spent more than he made. The truth is, this problem happens to poor and rich people alike, famous or not.

If you have problems with your credit card balance, you can always get help through debt settlement. And sometimes, this is the only way to get you out of such financial endeavour. More so, if you are not qualified for Chapter 7 bankruptcy. Debt settlement is available to those who need it, regardless of your financial and social status. The best thing for you to do is to seek out a reputable law firm that exclusively practices in negotiating large reductions of debts without the need for bankruptcy. What you need is a firm that really cares for the benefit and financial welfare of their clients.

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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.