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June 29, 2024 5 mins

In this episode of the Money Matters Podcast, hosts Richard Hill and Nia Parks delve into the frustrating experience of feeling like your credit card balance never budges, no matter how many payments you make. They explore the reasons behind this common issue, such as high-interest rates and minimum payments that barely cover the interest. Richard and Nia offer practical steps to break free from the cycle of debt, including creating a budget, prioritizing high-interest debt, and seeking help from credit counseling services.

The episode also highlights the benefits of credit counseling, where expert counselors can negotiate with creditors on your behalf, lower your interest rates, and help you create a realistic repayment plan. Richard and Nia emphasize the importance of choosing a reputable credit counseling service and provide tips on what to look for when selecting one.

If you're feeling overwhelmed by credit card debt, tune in to learn effective strategies for managing and reducing your debt. Discover how American Consumer Credit Counseling can assist you with free financial education, budgeting advice, and debt management services. Visit ConsumerCredit.com for more information.

Join us for this insightful discussion and take the first step towards breaking free from the cycle of credit card debt. Your financial health matters, and we're here to support you every step of the way.

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