Helping Families Reduce Their Credit Card Debt

Posted on July 23, 2008 @ 4:13 pm

As an investment advisor, is not only my job to help my clients in the best of money properly, but I am there to educate them as well.  This can be something as simple as showing them how to budget their money or how to pick out good investments.

One of the trends that I’ve noticed in the past couple of years, is that we are getting more and more people coming in for poor credit debt consolidation loans.  This is mainly due to living beyond their means and using credit cards as a toy, not a tool.

So I have started to offer a class to my clients on how to reduce credit card debt without declaring bankruptcy.  What we do is teach them how credit cards work and introduce them to the concept of debt diet plans.

By following a structured debt diet, we have been able to reduce the number of people who are struggling with credit card debt to a 10 year low within our organization.  Not only has this increased our business as advisors, but it has also increased customer satisfaction our clients experience.

For me, I just loved to have the opportunity to help others out to be able to live life responsibly and not struggle with their finances.

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