Title: How Seniors Can Get Help With Credit Card Debt | US News
Headings: How Seniors Can Get Help With Credit Card Debt
How Seniors Can Get Help With Credit Card Debt
Address debt right away, and live within your means to prevent unforeseen problems.
Is Credit Card Debt an Issue for Senior Citizens?
Why Are More Seniors Using Credit Cards?
How Seniors Can Manage Credit Card Debt
Getting Credit Card Debt Help
Credit Card Debt After Death
How Seniors Can Avoid Using Credit Cards
Planning for a Debt-Free Retirement

Content: The sooner you can address the situation, the better," Trawinski says. Getting Credit Card Debt Help
One of the best ways for senior citizens to address the issue of revolving credit card debt is to work with an accredited credit counseling agency. An expert counselor can help you sort out your finances and possibly work directly with multiple creditors to address your debt. Credit counselors deal with issues such as excess credit card debt every day, says Pete Klipa, senior vice president of creditor relations for the National Foundation for Credit Counseling. With a credit counselor, you can work on a repayment strategy based on your situation, including your age, says Klipa. Trawinski says consumers have to be careful that they're working with a legitimate credit counseling agency so that they avoid scammers. One way to do that is to check with the NFCC, which has a national network of member offices. Also, you might want to seek input from a financial advisor before you try to tackle your debt problem through mortgage changes – such as taking out a home equity loan, opening a home equity line of credit or getting a reverse mortgage – or tapping into a 401 (k) or IRA. You'll want to make sure you know the tax implications before tapping into retirement funds, for example. Getting financial help from family members might be a possibility to explore as well, although that's rarely a simple matter.