During the tough economical times many have been facing the last several years, there has been a lot of credit card debt. The creditors like the fact that people are racking up tons of money on the cards and are unable to pay it off each month. This is the only way most of them make money. In fact, it has gone so far that they are trying to shut down the credit accounts of those people who have excellent credit scores and pay their bill every month. People dig themselves to a certain point where there is truly no escape. What is the solution?

Credit coaching is available for these people and is a great way to help them get back on their feet and the team at Vivix Credit Solutions offers a free in-office consultation. Upon making an appointment with a financial expert at Vivix Credit Solutions, the credit coach will sit down with you and look over all of your financial details. They will be able to figure out a plan so that you can start working their way back out of debt. They will show you how ugly the picture can be in several years with multiplying interest rates if you do not start working towards a fix now. The coaches will generally look at your income statements to determine about how much you take home each month. From there they will look at your other expenses for the month to determine how much of that is already spoken for. The next step is to look at your entertainment budget. Typically this is set unrealistically high in proportion to one’s income and a normal suggestion would be to cut down entertainment by a substantial amount and put that money towards paying off your debt. This might be upsetting but when you understand how quickly credit debt multiplies, you will soon realize that giving up a little entertainment today means you will have a social life again in a few years. That sounds a lot better than continuing to go out every night of the week now, only to be trapped in debt for eternity in a few years.