Credit Card Debt Help for 2010 and Beyond

The Credit Guy: What steps are needed to eliminate debt in 2010?

By Todd Ossenfort

Q: I am determined to eliminate debt in 2010, including resolving all negative items reported on my credit reports. Can you send me a list or direct me to a Web site that lists local nonprofit credit counselors or services that can assist me?

A: Congratulations on your resolution to pay off debt in 2010. Because you are among many, many others with the same resolution, I am glad you wrote in to give me the opportunity to weigh in on this topic. Losing weight, eating healthier and paying down debt are at the top of many people’s New Year’s resolutions.

Before you begin, you need to know exactly how much you owe. The best place to start is to pull free copies of your credit reports from each of the three major credit bureaus at annualcreditreport.com.

Review your reports for any errors and dispute them with the credit bureau that reported it. You can do this online with each of the bureaus.

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