3. Financial Hardships: the main
cause of credit card debt.
Slowing economy.
Lost jobs.
Rising unemployment.
Sickness.
Rising costs of health care.
4. Create a plan to pay off
credit card debt!
Cut costs in your budget.
Pay off your high interest cards first.
Use your tax return, or bonus to pay debt.
If you have savings, use it to pay down
debt.
Be wary of debt settlement companies.
Be debt free!
5. Works Cited
Braze, David. "9 Ways to Pay Off Debt." 2008. The Motley Fool. 7 November 2010
<http://www.fool.com/personal-finance/credit/9-ways-to-pay-off-debt.aspx>.
Ehrenfeld, Temma & Quinn, Jane Bryant. "Don't Lose It: Seven Tips." 27 August 2001. web.ebscohost. 7
November 2010 <http://0-web.ebscohost.com.lrc-
srv.mhcc.edu/ehost/detail?vid=17&hid=113&sid=a0a5777f-6bc2-4433-bc9e-
130d930f97f8%40sessionmgr104&bdata=JkF1dGhUeXBlPWNvb2tpZSxpcCxjcGlkLHVybCx1aWQmY3Vz
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IV, JOHN D. (JAY) ROCKEFELLER and CHAIRMAN. "Debt Settlement Industry." 22 April 2010. web.ebscohost. 7
November 2010 <http://0-web.ebscohost.com.lrc-
srv.mhcc.edu/ehost/detail?vid=13&hid=113&sid=a0a5777f-6bc2-4433-bc9e-
130d930f97f8%40sessionmgr104&bdata=JkF1dGhUeXBlPWNvb2tpZSxpcCxjcGlkLHVybCx1aWQmY3Vz
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6. LEAMY, ELISABETH. "Better-Smarter-Faster Ways to Pay Off Credit Card Debt." 22 February 2010. ABC
News/Money. 7 November 2010 <http://abcnews.go.com/Business/pay-off-credit-card-debt-smarter-
faster-ways/story?id=9891785>.
Mantel, Barbara. "Consumer Debt." 2 March 2007. CQ Researcher. 7 November 2010 <http://0-
library.cqpress.com.lrc-
srv.mhcc.edu/cqresearcher/document.php?id=cqresrre2007030200&type=hitlist&num=2>.
Orman:, Suze. "Tips to pay off credit cards ." 9 January 2009. Today/MSNBC/Money. 7 November 2010
<http://today.msnbc.msn.com/id/28544648#slice-2>.
Sherman, Lauren. "Worst Cities For Credit Card Debt." 20 May 2009. Forbes.com. 7 November 2010
<http://www.forbes.com/2009/05/20/american-consumers-overspending-lifestyle-real-estate-credit-card-
debt.html>.