ACCC Helps Millennials Get Rid Of Credit Card Debt

American Consumer Credit Counseling provides Millennials with strategies to pay off a credit card

Boston, MA – December 20, 2017

Get Rid of Credit Card DebtGetting rid of credit card debt is a big step in a Millennial’s effort to establish financial security. Although it sounds simple, paying off a credit card can be difficult to achieve. National nonprofit American Consumer Credit Counseling (ACCC) provides Millennials with strategies on how to pay off their credit card and get out of debt.

“How to effectively pay off credit card debt is an issue that many Millennials wrestle with, particularly if they are also struggling with everyday expenses and student loan debt,” said Steve Trumble, President, and CEO of American Consumer Credit Counseling. “Paying off credit cards can be daunting, especially if the balances are high and the person is only able to make the minimum payment each month. If not properly managed, credit cards can have a serious effect on a Millennial’s finances.”

According to a survey by Credible, 33 percent of Millennials say debt is the scariest aspect of their daily lives – even more than war or death. When it comes to credit cards, Millennials are most afraid of making monthly payments (32 percent) and accruing interest (32 percent), followed by relying too much on credit (20 percent).

ACCC offers Millennials strategies on how to pay off a credit card and get out of debt.

  1. Evaluation – Evaluate your financial outlook and get a complete picture of your current financial situation.
  2. Budget – Develop a budget that allows you to pay down your credit card while still covering your living expenses.
  3. Analyze and reduce spending – Once a budget is set, look for areas you can cut back on and apply to your credit card payments.
  4. Choose a repayment method – Consider the debt avalanche method, where an individual pays down debts in order of highest interest rates first, or the debt snowball method, where one pays the debt in order of balance. In both of these cases, Millennials will make larger payments to one account until it is paid off, while making minimum payments on others.
  5. Contact creditors – Sometimes creditors are willing to work with you to help make paying off debt more manageable. They may agree to reduce the interest rate or wave some fees temporarily, so it is worth the call.
  6. Seek counseling – If Millennials are still having trouble reducing their credit card debt after following these steps they should consider contacting a credit counseling agency.

ACCC is a 501(c)3 organization that provides free credit counseling, bankruptcy counseling, and housing counseling to consumers nationwide in need of financial literacy education and money management. For more information, contact ACCC:

  • For credit counseling and student loan counseling, call 800-769-3571
  • For bankruptcy counseling, call 866-826-6924
  • For housing counseling, call 866-826-7180
  • Or visit us online at

About American Consumer Credit Counseling

American Consumer Credit Counseling (ACCC) is a nonprofit credit counseling 501(c)(3) organization dedicated to empowering consumers to achieve financial management through credit counseling, debt management, bankruptcy counseling, housing counseling, student loan counseling and financial education concerning debt solutions. To help consumers reach their goal of debt relief, ACCC provides a range of free consumer personal finance resources on a variety of topics including budgeting, credit and debt management, student loan assistance, youth and money, homeownership, identity theft,  senior living, and retirement. Consumers can use ACCC’s worksheets, videos, calculators, and blog articles to make the best possible decisions regarding their financial future. ACCC holds an A+ rating with the Better Business Bureau and is a member of the National Foundation for Credit Counseling® (NFCC®). For more information or to access free financial education resources, log on to or visit