Credit card debt is difficult to overcome, especially when you can't afford to make more than just the minimum monthly payments. As time moves forward, you will likely find that you are having to pay more and more in interest. Even the fees from the card might start pushing the balance up.
If you find that you are drowning in credit card debt, you might need to explore your options for dealing with the debt. One of those is filing for bankruptcy. While this will impact your credit score, it might be worth the peace of mind in knowing that you don't have to worry about struggling to make ends meet.
We understand that there are questions that come up when you are thinking about filing for bankruptcy. We can help you get the answers that you seek. Whether you need to know what assets you will be able to keep or what chapter of bankruptcy protection you should file under, we are here to help you.
One thing that you might appreciate when you file for bankruptcy is the automatic stay. We discussed this in a previous blog, but in short, it will stop the harassing collections calls that you are being subjected to. This can help you feel better when you hear your phone ring or check the mail.
As tempting as it is to try to deal with your credit card debt on your own, this can only send you further down the hole. Instead, learn about your options and make plans to get the process of reclaiming your finances started.