In the past people only used credit cards for emergency situations.  These days however, it seems as if they are more of a necessity. The average person has 3 credit cards to their name.  This is good news for the credit card companies and helps their bottom line. 

Unfortunately, the average consumer has gotten himself into a pile of credit card debt that is sometimes difficult to get out of. You would think that only irresponsible and undisciplined people are the ones who fall into a lot of credit card debt but this is not always the case.  Sometimes people who are very finacially wise get themselves into trouble as well.

Emergencies arise such as car repairs, medical expenses and applicance repairs.  If a person does not have enough money saved up to fix the problem he or she will usually turn to the credit card.  It only takes a few of these emergency scenarios to occur to have you started in the downward spiral of credit card debt.

If you have found yourself in debt of $10,000 or more from credit card or other unsecured loans there may be help for you.  Sunbeam Financial has worked with thousands of people over the past 20 years to help them achieve financial independence again.  The company is based out of San Diego, California and has a solid track record of helping clients attain debt relief. Sunbeam Financial has debt relief and San Diego credit repair programs that will help you get back on track.  

Once you work with your creditors and pay off all of your debts the process doesn’t stop there.  In fact, this is only the beginning. It is important that you have a financial plan in place to make sure you do not fall into the credit card trap again.  Set a strict limit when charging on a card in the future such as a maximum of $500.  

This small amount will be easier to pay off and will not get you in a financial bind.  Do not let yourself charge any more on the credit card until the previous balance is paid off.  This type of self discipline will pay big rewards for the future. We also suggest not having more than 3 credit cards to your name.  This will make it easier to keep track of your cards and what you have charged on them.

It is easy to go into a clothing store such as Macy’s or Victoria’s Secret and sign up for their credit card to save 10% on your purchase that day.  Don’t do this. It is an extra card that you will have to maintain and can easily make you fall into spending on your other credit cards with higher balances. Sunbeam Financial works with you to develop a personal financial plan that is specific for your needs.  For more information on their credit repair San Diego programs visit the hyperlink we have included in this article.

Edward Bertrand