To help consumers start the New Year with a positive attitude, we teamed up with Yahoo Finance for a Twitter chat about debt, talking about common issues and answering participants’ answers.
The topic stemmed from a Credit.com survey, Americans and Credit Card Debt, which showed that a lot of adults want to focus on chipping away at their balances this year. In the chat, we tapped Credit.com Director of Consumer Education Gerri Detweiler, Yahoo Finance reporter Mandi Woodruff and Millennial influencer Chelsea Krost to discuss the fundamentals of managing debt.
After an hour of lively discussion, which covered everything from balance transfers, debt’s impact on credit scores, identity theft and student loans, experts and consumers had exchanged scores of tips with the goal of empowering others with the knowledge to make better financial decisions.
Highlights of the conversation have been collected in this Storify (which we’ve embedded below), which also includes extra advice not initially shared during the one-hour chat.
If you have any questions about credit card debt or one of our other specialties (loans, mortgages, credit scores and identity theft), you can always ask us through Twitter at @CreditExperts or on Facebook.
Stay tuned for announcements about other Twitter chats in the future — we love answering your questions and sharing tips.
More on Managing Debt:
- The Credit.com Debt Management Learning Center
- How to Pay Off Credit Card Debt
- 5 Tips for Consolidating Credit Card Debt
- Understanding Your Debt Collection Rights
- The Best Way to Loan Money to Friends & Family
- Top 10 Debt Collection Rights