Money Monday: Couple Pays Off $92,000 in Credit Card Debt

(WJBK) - How do you dig out from nearly $100,000 in credit card debt? One couple did it with hard work, planning and the help of a local non-profit organization.

Jerry and Sue Bailey say they maxed out 17 credit cards over time and thanks to hefty car repair bills, health issues and even weddings, their debt totaled $92,000.

That's when they contacted GreenPath Debt Solutions for help. With GreenPath's help, selling a second vehicle and adding another job, the Baileys were able to pay off their debt.

For more information on how to better manager your debt, visit www.greenpath.com or call 1-800-550-1961.

Tips to managing your debt:

• Call your creditors and tell them whats going on - they may be willing to work with you.
• Create a monthly budget and try to stick to it.
• Don't use payday lenders or debt settlement companies - their fees can make the problem worse.
• Get free help from a reputable, non-profit financial counseling agency - like GreenPath.