It's not difficult these days to get in over your head with credit debt. A sudden decrease in your income or a period of unemployment may cause you to start missing payments. If that happens, you will be charged penalty fees and your interest rate may go up depending on your credit card contract terms. Soon, even if you manage to make payments, the fees and interest will continue to pile up, making it nearly impossible to ever clear the debt.
No one means to get into debt and no one enjoys having difficulty making ends meet, but sometimes, through no fault of our own, we can fall behind on payment obligations. While the collection telephone calls become more frequent and alarming, you may become disheartened and feel that your situation is insurmountable. The good news is that you can have Credit Card Debt Relief and here's how we can help:
Filing for bankruptcy may be one solution to your credit card debt problems. We can review your financial situation and tell you if bankruptcy is the right option for you. If you decide to petition for bankruptcy, you will experience immediate relief from creditors. Once you file, those harrassing collection calls will cease. Creditors won't be able to contact you or garnish your wages anymore. A lienholder will not be able to proceed with a repossession or foreclosure of your home. You will be able to live in peace without worrying every time the phone rings.
Trying to clear large credit debt on your own can be like trying to hold back the Atlantic Ocean with a pitchfork. Despite your best efforts and intentions, high interest rates and late fees may make it impossible for you to clear your debt and re-build your credit.
At the law offices of Robert W. Kovacs, we can help you formulate the right plan for solving your credit card debt problem. Contact us today for a consultation.