Credit cards offer a wide variety of advantages, including the ability to build your credit rating, and the convenience of paying with a small piece of plastic. Unfortunately, these advantages conceal a downside to paying with plastic: the potential to fall into deep debt.
Each year, millions of responsible, hard-working Americans struggle with credit card debt. The good news is that out-of-control credit card debt may be remedied, through efforts such as simple adjustments in your spending habits or more powerful methods like filing for personal bankruptcy.
If your credit card debt is spiraling out of control and you have questions about whether bankruptcy could help you, simply fill out the form below and arrange a free, no-obligation consultation with a bankruptcy attorney.
Before jumping straight to a discussion of bankruptcy, it may help to first offer some simple credit card debt advice. Specifically, what steps can you take to reduce your credit card debt?
By taking some or all of the following steps, you may be on your way to significantly reducing your credit card debt:
In addition to these do-it-yourself methods, a nonprofit debt counseling agency may also offer helpful credit card debt advice. Beware, however, of agencies that charge you large up-front costs, as these agencies may simply be fraudulent.
Of course, the methods listed above are fairly limited, particularly for people who are facing overwhelming credit card debt. Here's how bankruptcy works:
Chapter 7 and Chapter 13 bankruptcies have different requirements for filers. To learn about these requirements, read more about filing bankruptcy and talk to a local bankruptcy lawyer today.