When it comes to credit card debt, there are many things that come to mind. In our experience with clients, credit card debt can accumulate very rapidly. As a result many people quickly fall into a pit that they claim is impossible to climb out of. This is not that unfathomable when you consider how quickly those credit card payments come rolling in. Now, at this point not many people are thinking of bankruptcy quite yet. Perhaps they feel that they are not deep enough to warrant a bold move like filing for chapter 7 or chapter 13 bankruptcies depending on their situation.
IN TOO DEEP
As time progresses, and creditors make themselves more known, the pressure starts to escalate according to a lot of our clients. It isn’t until badgering creditors keep calling that most people feel they are in deep. Trust us there is not worse than dealing with persistent credit card representatives. They are not concerned with your well-being or privacy. They are intrusive and relentless.
CREDIT CARD DEPENDENCY
Everyone knows that having and maintaining a credit card requires a certain degree of responsibility. Even the most well managed accounts can spiral out of control if not carefully monitored. In most cases, people swipe the card for medium level purchases, thinking they will pay the bill as soon as it comes in the mail. The tricky thing is, many people are not keeping track of their purchases, so when the end of the month passes, they are coming up short in regard to income and account balancing. Although, smart credit card holders know that leaving a little balance owed every month is actually a good thing for all those involved. The credit card company will actually render you a better credit score when you show them you are still intending to charge more to the card, intending to make more payments.
BANKRUPTCY AS A SOLUTION FOR CREDIT CARD DEBT
Keep in mind; we are not encouraging anyone to stretch himself or herself thin in order to become delinquent on several accounts. We are here to remind the people who have had a hard time making ends meet, find a solution to their crippling debt. Our attorneys have plenty of experience dealing with clients who owe staggering sums due to credit card purchases. We are confident in our abilities to carefully assess your individual situation and handle it accordingly with the utmost professionalism.
Filing for bankruptcy when you find yourself in hole due to credit card bills is in many cases the correction decision. The only way to know for sure if it is the correct decision for you is by calling our attorneys, and reviewing your options.