Ways to Reduce Your Credit Card Debt in 2023

Our weekly #CreditChat started in 2012 to help our community learn about credit and important personal finance topics (e.g. saving money, paying down debt, improving credit scores). Each chat is hosted by @Experian on Twitter and all are welcome to participate. DM us any questions.

Is paying off your credit card debt one of your 2023 resolutions? Need help getting started? Tune into this week’s #CreditChat on Twitter for expert tips.

Topic: Ways to Reduce Your Credit Card Debt in 2023

When: Wednesday, January 18, 2023 at 3 p.m. ET.

Where: Join the live hashtag discussion

The panel will include: Jason Vitug: Wellness advocate, bestselling author, entrepreneur, producer, and founder of the financial wellness website phroogal.com; Jeanne Kelly: Credit Expert, Identity Theft Expert, Speaker and Founder of JeanneKelly.net; Latasha Peterson: Side Hustle Expert, paid of $47k of debt and founder or ArtsandBudgets.com; Beverly Harzog: Credit Card Expert and Consumer Finance Analyst for U.S. News; Rod Griffin: Senior Director, Consumer Education and Advocacy, Experian and Christina Roman: Consumer Education and Advocacy Manager at Experian.

Questions we will discuss:

  1. Why is it important to reduce your credit card debt as soon as possible?
  2. How can you create a plan of action to reduce credit card debt?
  3. How can you avoid using credit cards as an income supplement with rising costs everywhere?
  4. What are some methods for reducing credit card debt and how do you choose which method to use?
  5. When is a good time to use a credit card instead of cash for a purchase?
  6. How can you get better credit card terms or rates on your credit cards?
  7. When should you apply for new credit cards and what should you look for?
  8. What are some common mistakes people make when trying to reduce credit card debt?
  9. What actions should you take if you are unable to continue making payments on your credit cards?
  10. How can your credit card management impact your credit score?
  11. Any final tips for reducing credit card debt in 2023?

Gift Card Giveaway

Enter here for a chance to win a $50 Amazon gift card! We will be announcing a winner at the end of the chat. Entry Period: Raffle open now and closes at the end of this chat at 4 p.m. ET. Complete rules here.

Questions we will discuss:

Check out our complete list of upcoming personal finance Twitter chats here.

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