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: How Seniors Can Manage Credit Card Debt
There are some immediate steps senior citizens can take to address revolving credit card debt. Prioritizing payments. If you have revolving debt on multiple credit cards, you could pay off the credit card with the highest interest rate, which can help you save on interest. Another approach is to pay off the card with the lowest balance, then using the amount you would have paid on that card for payments on other higher-balance cards, says Lori A. Trawinski, director of banking and finance for the AARP Public Policy Institute. " Any time you can afford to pay more than the minimum payment, you can also help pay down the debt faster," she says. It's not easy to make higher payments if you're constrained by a fixed income. But you need to avoid being delinquent with payments, which will exacerbate the problem. If you're falling behind on payments, "you'll be penalized with a payment fee when you ultimately do pay," and the credit card company might also raise your interest rate, Trawinski says. [
Read: Best Cash Back Credit Cards. ]