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How to Escape Scary Debt
#CreditChat
Wednesdays | 3 p.m. ET
Join our #CreditChat every Wednesday at 3 p.m. ET.
This week, the community shared some great tips to help escape
scary debt.
ex.pn/scarydebt
#CreditChat
Wednesdays | 3 p.m. ET
Why is debt so frightening?
It feels like climbing a mountain
without knowledge of how to get to
the top.
#CreditChat
Wednesdays | 3 p.m. ET
Paul Moyer
@SavingFreak
Getting out of debt feels
impossible; wasting money and
interest and never feeling secure.
#CreditChat
Wednesdays | 3 p.m. ET
Andrea Woroch
@AndreaWoroch
Debt is frightening because you
may have to put some of your dreams
on hold in order to pay it off.
#CreditChat
Wednesdays | 3 p.m. ET
MyMoneyCoach.ca
@mymoneycoach_ca
Debt can give you the feeling that
you’re trapped.
#CreditChat
Wednesdays | 3 p.m. ET
Kasasa
@Kasasa
Debt makes it harder to achieve your
goals by making you focus your money
on the past rather than the future.
#CreditChat
Wednesdays | 3 p.m. ET
Vic L.
@DadisCheap
#CreditChat
Wednesdays | 3 p.m. ET
What debt zombies can linger
in your credit report?
Foreclosures, tax liens, unpaid
consumer debt, late payments, and
bankruptcy all stay on your report
for seven years.
#CreditChat
Wednesdays | 3 p.m. ET
Southeast Financial
@SFCUNews
Non payment of utility bills, credit
cards, loans. Those zombies can carry
forward and hang on for years.
#CreditChat
Wednesdays | 3 p.m. ET
FrogskinU
@FrogskinU
Missing payments is very
common. It’s a small item that can
cause major damage.
#CreditChat
Wednesdays | 3 p.m. ET
Saving Thousands
@SavingThousands
Debt zombies can
be late payments,
bankruptcy, anything
that’s still haunting
your credit score.
#CreditChat
Wednesdays | 3 p.m. ET
Melanie Lockert
@DearDebtBlog
It’s important to check your credit
report. If you have unpaid debts
you’re not aware of, it really affects
your credit.
#CreditChat
Wednesdays | 3 p.m. ET
MyMoneyCoach.ca
@mymoneycoach_ca
#CreditChat
Wednesdays | 3 p.m. ET
What nightmares can you
encounter if you don’t
pay your debt?
Don’t make YOU the nightmare.
Breathe and find a way to chip away at
debt. Worry does not make it go away!
#CreditChat
Wednesdays | 3 p.m. ET
FrogskinU
@FrogskinU
If you don’t pay your debt, you’ll
encounter the worst nightmare
ever: not being financially free to
live how you desire.
#CreditChat
Wednesdays | 3 p.m. ET
MyMoneyCoach.ca
@mymoneycoach_ca
The ultimate debt nightmare
would be bankruptcy. Face your
fears and don’t ignore debt!
#CreditChat
Wednesdays | 3 p.m. ET
Southeast Financial
@SFCUNews
Nightmares can be a drop in
credit, high interest, collections. You
have the power to not let your
nightmare become reality!
#CreditChat
Wednesdays | 3 p.m. ET
Payoff
@Payoff
You will always be haunted by
your debt. Debt collectors will come
after you.
#CreditChat
Wednesdays | 3 p.m. ET
Saving Thousands
@SavingThousands
#CreditChat
How can credit cards put
Wednesdays | 3 p.m. ET
you into a debt spell?
They can put you into an ugly
path of spending more than you
make month after month.
#CreditChat
Wednesdays | 3 p.m. ET
Samantha D.
@HomesteadWitch
Failing to pay your balance in time
triggers interest, which just adds
more to the amount you need to
pay.
#CreditChat
Wednesdays | 3 p.m. ET
Miriam Cross
@MiriamSCross
Credit cards seem like free
money. You can forget you have to
pay it back plus interest.
#CreditChat
Wednesdays | 3 p.m. ET
Southeast Financial
@SFCUNews
Credit cards create instant
gratification and delayed pain. It is
easy to continue gratification until
the pain gets painful.
#CreditChat
Wednesdays | 3 p.m. ET
Paul Moyer
@SavingFreak
#CreditChat
Wednesdays | 3 p.m. ET
What hair-raising debt can leave
you screaming for help?
As a millennial, one of the worst
debts is student loan debt. I just want
to buy a house! But, how do I save?
#CreditChat
Wednesdays | 3 p.m. ET
Compare Cards
@CompareCards
High interest credit cards are the
worst. Pay as much as you can.
#CreditChat
Wednesdays | 3 p.m. ET
FTWCCU
@FTWCCU
Once again, never trust a payday loan
- interest rates can be 1000 percent.
#CreditChat
Wednesdays | 3 p.m. ET
Kasasa
@Kasasa
In my opinion, all debt. I don’t
believe in “good” debt or “bad” debt.
As long as you owe money to someone
else, your money is not yours.
#CreditChat
Wednesdays | 3 p.m. ET
Melanie Lockert
@DearDebtBlog
Getting a cash advance on your
credit card can be a nightmare,
especially with the high interest and
the service fees.
#CreditChat
Wednesdays | 3 p.m. ET
MyMoneyCoach.ca
@mymoneycoach_ca
#CreditChat
Wednesdays | 3 p.m. ET
What should you do if debt
collectors are haunting you?
Know your rights. Talk to your
lender about repayment options.
#CreditChat
Wednesdays | 3 p.m. ET
Melanie Lockert
@DearDebtBlog
Don’t avoid them. Talk to them
and try to work out a payment plan.
#CreditChat
Wednesdays | 3 p.m. ET
Ashley Jacobs
@wisebread
If debt collectors are hounding
you, reach out to a non-profit credit
counseling agency. They can help
you, often for free.
#CreditChat
Wednesdays | 3 p.m. ET
MyMoneyCoach.ca
@mymoneycoach_ca
If it’s a valid debt, make a
documented plan with them.
#CreditChat
Wednesdays | 3 p.m. ET
Southeast Financial
@SFCUNews
#CreditChat
Wednesdays | 3 p.m. ET
What types of financial services are
tricks more than they are treats?
Getting a cash advance or a
payday loan isn’t a treat, especially
when you see how much you’ll pay
in interest and fees!
#CreditChat
Wednesdays | 3 p.m. ET
MyMoneyCoach.ca
@mymoneycoach_ca
Any time you see something in
the financial realm that is too good
to be true, it almost always is.
#CreditChat
Wednesdays | 3 p.m. ET
Paul Moyer
@SavingFreak
Trick: Get-out-of-
debt-quick programs
that promise to help
you become debt free
in no time.
#CreditChat
Wednesdays | 3 p.m. ET
Melanie Lockert
@DearDebtBlog
Debt consolidation companies are
the worst. Payday lenders are a
close second.
#CreditChat
Wednesdays | 3 p.m. ET
Kristy Welsh
@WelshKristy
Overdraft protection: if you don’t
have money in the bank to pay, you
shouldn’t be able to swipe your card.
#CreditChat
Wednesdays | 3 p.m. ET
Kevin C. Swanson
@kevincswanson
#CreditChat
Wednesdays | 3 p.m. ET
How can you send debt to an early grave?
Cut back and earn more. I really enjoy
the earning part - it’s a fun challenge!
#CreditChat
Wednesdays | 3 p.m. ET
Melanie Lockert
@DearDebtBlog
Pay off your high interest debts first.
#CreditChat
Wednesdays | 3 p.m. ET
Ashley Jacobs
@wisebread
Pretend that you’re poor until you pay
off your debt. Don’t go out for fancy
dinners and shopping sprees when you
owe! Only spend what you have!
#CreditChat
Wednesdays | 3 p.m. ET
FTWCCU
@FTWCCU
Be informed, become savvy, save,
and slowly put your debt into the
financial wood chipper!
#CreditChat
Wednesdays | 3 p.m. ET
FrogskinU
@FrogskinU
Don’t accept debt as part of life!
Most assume they’ll always have a
car payment, credit card balance, etc.
#CreditChat
Wednesdays | 3 p.m. ET
Vic L.
@DadisCheap
Start adopting new (more frugal)
habits. If you change how you spend
and save, you’ll change your
financial situation too.
#CreditChat
Wednesdays | 3 p.m. ET
MyMoneyCoach.ca
@mymoneycoach_ca
#CreditChat
Wednesdays | 3 p.m. ET
Check out all the resources and tips shared:
ex.pn/scarydebt
#CreditChat
Wednesdays | 3 p.m. ET
Join Us Every Wednesday at 3 p.m. ET.
experian.com/creditchat
Subscribe & Check Out:

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How to Escape Scary Debt

  • 1. How to Escape Scary Debt #CreditChat Wednesdays | 3 p.m. ET
  • 2. Join our #CreditChat every Wednesday at 3 p.m. ET. This week, the community shared some great tips to help escape scary debt. ex.pn/scarydebt
  • 3. #CreditChat Wednesdays | 3 p.m. ET Why is debt so frightening?
  • 4. It feels like climbing a mountain without knowledge of how to get to the top. #CreditChat Wednesdays | 3 p.m. ET Paul Moyer @SavingFreak
  • 5. Getting out of debt feels impossible; wasting money and interest and never feeling secure. #CreditChat Wednesdays | 3 p.m. ET Andrea Woroch @AndreaWoroch
  • 6. Debt is frightening because you may have to put some of your dreams on hold in order to pay it off. #CreditChat Wednesdays | 3 p.m. ET MyMoneyCoach.ca @mymoneycoach_ca
  • 7. Debt can give you the feeling that you’re trapped. #CreditChat Wednesdays | 3 p.m. ET Kasasa @Kasasa
  • 8. Debt makes it harder to achieve your goals by making you focus your money on the past rather than the future. #CreditChat Wednesdays | 3 p.m. ET Vic L. @DadisCheap
  • 9. #CreditChat Wednesdays | 3 p.m. ET What debt zombies can linger in your credit report?
  • 10. Foreclosures, tax liens, unpaid consumer debt, late payments, and bankruptcy all stay on your report for seven years. #CreditChat Wednesdays | 3 p.m. ET Southeast Financial @SFCUNews
  • 11. Non payment of utility bills, credit cards, loans. Those zombies can carry forward and hang on for years. #CreditChat Wednesdays | 3 p.m. ET FrogskinU @FrogskinU
  • 12. Missing payments is very common. It’s a small item that can cause major damage. #CreditChat Wednesdays | 3 p.m. ET Saving Thousands @SavingThousands
  • 13. Debt zombies can be late payments, bankruptcy, anything that’s still haunting your credit score. #CreditChat Wednesdays | 3 p.m. ET Melanie Lockert @DearDebtBlog
  • 14. It’s important to check your credit report. If you have unpaid debts you’re not aware of, it really affects your credit. #CreditChat Wednesdays | 3 p.m. ET MyMoneyCoach.ca @mymoneycoach_ca
  • 15. #CreditChat Wednesdays | 3 p.m. ET What nightmares can you encounter if you don’t pay your debt?
  • 16. Don’t make YOU the nightmare. Breathe and find a way to chip away at debt. Worry does not make it go away! #CreditChat Wednesdays | 3 p.m. ET FrogskinU @FrogskinU
  • 17. If you don’t pay your debt, you’ll encounter the worst nightmare ever: not being financially free to live how you desire. #CreditChat Wednesdays | 3 p.m. ET MyMoneyCoach.ca @mymoneycoach_ca
  • 18. The ultimate debt nightmare would be bankruptcy. Face your fears and don’t ignore debt! #CreditChat Wednesdays | 3 p.m. ET Southeast Financial @SFCUNews
  • 19. Nightmares can be a drop in credit, high interest, collections. You have the power to not let your nightmare become reality! #CreditChat Wednesdays | 3 p.m. ET Payoff @Payoff
  • 20. You will always be haunted by your debt. Debt collectors will come after you. #CreditChat Wednesdays | 3 p.m. ET Saving Thousands @SavingThousands
  • 21. #CreditChat How can credit cards put Wednesdays | 3 p.m. ET you into a debt spell?
  • 22. They can put you into an ugly path of spending more than you make month after month. #CreditChat Wednesdays | 3 p.m. ET Samantha D. @HomesteadWitch
  • 23. Failing to pay your balance in time triggers interest, which just adds more to the amount you need to pay. #CreditChat Wednesdays | 3 p.m. ET Miriam Cross @MiriamSCross
  • 24. Credit cards seem like free money. You can forget you have to pay it back plus interest. #CreditChat Wednesdays | 3 p.m. ET Southeast Financial @SFCUNews
  • 25. Credit cards create instant gratification and delayed pain. It is easy to continue gratification until the pain gets painful. #CreditChat Wednesdays | 3 p.m. ET Paul Moyer @SavingFreak
  • 26. #CreditChat Wednesdays | 3 p.m. ET What hair-raising debt can leave you screaming for help?
  • 27. As a millennial, one of the worst debts is student loan debt. I just want to buy a house! But, how do I save? #CreditChat Wednesdays | 3 p.m. ET Compare Cards @CompareCards
  • 28. High interest credit cards are the worst. Pay as much as you can. #CreditChat Wednesdays | 3 p.m. ET FTWCCU @FTWCCU
  • 29. Once again, never trust a payday loan - interest rates can be 1000 percent. #CreditChat Wednesdays | 3 p.m. ET Kasasa @Kasasa
  • 30. In my opinion, all debt. I don’t believe in “good” debt or “bad” debt. As long as you owe money to someone else, your money is not yours. #CreditChat Wednesdays | 3 p.m. ET Melanie Lockert @DearDebtBlog
  • 31. Getting a cash advance on your credit card can be a nightmare, especially with the high interest and the service fees. #CreditChat Wednesdays | 3 p.m. ET MyMoneyCoach.ca @mymoneycoach_ca
  • 32. #CreditChat Wednesdays | 3 p.m. ET What should you do if debt collectors are haunting you?
  • 33. Know your rights. Talk to your lender about repayment options. #CreditChat Wednesdays | 3 p.m. ET Melanie Lockert @DearDebtBlog
  • 34. Don’t avoid them. Talk to them and try to work out a payment plan. #CreditChat Wednesdays | 3 p.m. ET Ashley Jacobs @wisebread
  • 35. If debt collectors are hounding you, reach out to a non-profit credit counseling agency. They can help you, often for free. #CreditChat Wednesdays | 3 p.m. ET MyMoneyCoach.ca @mymoneycoach_ca
  • 36. If it’s a valid debt, make a documented plan with them. #CreditChat Wednesdays | 3 p.m. ET Southeast Financial @SFCUNews
  • 37. #CreditChat Wednesdays | 3 p.m. ET What types of financial services are tricks more than they are treats?
  • 38. Getting a cash advance or a payday loan isn’t a treat, especially when you see how much you’ll pay in interest and fees! #CreditChat Wednesdays | 3 p.m. ET MyMoneyCoach.ca @mymoneycoach_ca
  • 39. Any time you see something in the financial realm that is too good to be true, it almost always is. #CreditChat Wednesdays | 3 p.m. ET Paul Moyer @SavingFreak
  • 40. Trick: Get-out-of- debt-quick programs that promise to help you become debt free in no time. #CreditChat Wednesdays | 3 p.m. ET Melanie Lockert @DearDebtBlog
  • 41. Debt consolidation companies are the worst. Payday lenders are a close second. #CreditChat Wednesdays | 3 p.m. ET Kristy Welsh @WelshKristy
  • 42. Overdraft protection: if you don’t have money in the bank to pay, you shouldn’t be able to swipe your card. #CreditChat Wednesdays | 3 p.m. ET Kevin C. Swanson @kevincswanson
  • 43. #CreditChat Wednesdays | 3 p.m. ET How can you send debt to an early grave?
  • 44. Cut back and earn more. I really enjoy the earning part - it’s a fun challenge! #CreditChat Wednesdays | 3 p.m. ET Melanie Lockert @DearDebtBlog
  • 45. Pay off your high interest debts first. #CreditChat Wednesdays | 3 p.m. ET Ashley Jacobs @wisebread
  • 46. Pretend that you’re poor until you pay off your debt. Don’t go out for fancy dinners and shopping sprees when you owe! Only spend what you have! #CreditChat Wednesdays | 3 p.m. ET FTWCCU @FTWCCU
  • 47. Be informed, become savvy, save, and slowly put your debt into the financial wood chipper! #CreditChat Wednesdays | 3 p.m. ET FrogskinU @FrogskinU
  • 48. Don’t accept debt as part of life! Most assume they’ll always have a car payment, credit card balance, etc. #CreditChat Wednesdays | 3 p.m. ET Vic L. @DadisCheap
  • 49. Start adopting new (more frugal) habits. If you change how you spend and save, you’ll change your financial situation too. #CreditChat Wednesdays | 3 p.m. ET MyMoneyCoach.ca @mymoneycoach_ca
  • 50. #CreditChat Wednesdays | 3 p.m. ET Check out all the resources and tips shared: ex.pn/scarydebt
  • 51. #CreditChat Wednesdays | 3 p.m. ET Join Us Every Wednesday at 3 p.m. ET. experian.com/creditchat