SADDLE BROOK, N.J., Jan. 16, 2013 /PRNewswire-iReach/ -- With a new year comes a new season of resolution-making—and while many individuals are seeking to hit the gym more regularly, or to eliminate junk food, still others are seeking to make the new year one free of credit card debt. According to a recent report from Fox News, eliminating credit card debt is difficult in practice, but surprisingly easy in theory; it is simply a matter of individuals knowing how much they owe, reading their credit card statements, and sticking to a budget. Responding to the Fox News article is Credit Saint, a popular credit repair agency; Credit Saint has issued a new statement to the press, providing a few tips for individuals serious about kicking the credit card debt in 2013.

"Living outside your means is a very serious problem with regard to your credit," begins the press statement from Credit Saint; the company goes on to say that, around the holiday shopping season, overspending can become an especially major problem. "The first step is to understand what you can afford. Credit Saint's position on holiday shopping is that you should do your best to save the money for presents in advance of the holiday. That is difficult for many Americans, and many of us end up with credit card balances that are higher than normal after the holidays."

As such, Credit Saint continues, the start of a new year—following on the heels of a holiday shopping season—can often be a particularly hazardous time for credit card debt accumulation. "The danger here is the interest you pay during the course of the year that makes that cost of those gifts climb well after they have been given," the company notes. "If you find that you are currently in a position where you have a credit card balance that makes you uncomfortable, because you didn't budget before the holidays, budget now." 

Credit Saint goes on to offer some specific tips. "The first step is to formulate a plan for your monthly income versus your expenses. This is how you will be able to tell how much money you can save in a given month. Actively pay attention to what you spend, cut a little when you can.  Clipping coupons and not going out to dinner can make a serious impact at the end of the month.  Once the month is over and you have the money saved, see if you can beat that amount the next month."

Continues Credit Saint, "Getting out of revolving debt is like climbing out of quicksand. You cannot wait and put it off, because it will only get worse. Interest will pile on and then you will eventually be paying interest on the interest that has already accrued. This is a slippery slope and high balances or missed payments will seriously effect your credit."

Credit Saint's press statement concludes with an urgent call to action. "What you don't know will absolutely hurt you, so just forgetting about this problem will not make it go away. Getting a grip on the situation and making a plan is the only sure way to protect yourself once you feel that your spending has put you in danger of high interest and credit damage."

ABOUT:

Credit Saint is a widely esteemed company offering comprehensive credit repair and restoration services. Thousands of customers have experienced the removal of questionable negative or erroneous information from their consumer credit reports through working with Credit Saint. Unique programs, a high degree of customer service, and a 90-day money back guarantee are company hallmarks. The team of professionals at Credit Saint always works aggressively on behalf of its many valued customers.

Media Contact: Sal Drummond Mark-PR.com, (678) 685-8304, mark@mark-pr.com

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SOURCE Credit Saint