After the holiday period, many people find themselves in considerable amounts of debt. It may be that you have been ignoring your credit card bills in the last couple of months, and now that the new year has come around, you are regretting the decisions that you made.
Should I file for bankruptcy due to credit card debt?
Credit card debt is a common issue for many Americans, especially during the holiday period. You may feel that you need to spend more than what you have in your bank account so that you can buy food and gifts for family and friends. While it's nice to express love through these material things, you mustn't sabotage your financial situation in doing so.
How am I protected from creditor harassment?
Being in debt can be an extremely stressful position to be in, and for many, it can lead to a vicious cycle. This vicious cycle is perpetuated by fines and interest that is accumulated over time. Many debtors also experience harassment from creditors, which can make it even harder to deal with the situation that they are in.
Could Chapter 7 bankruptcy change your life?
The financial demands of having a family can mean that you spend more money each month than what you earn. Many people find that they lose track of what they are spending because of their use of credit cards and loans to fund their lifestyle. When they finally sit down to calculate the extent of their debts, they are often very surprised.
