Now that Christmas is over, you can stop stressing about handing out the perfect gifts. This is also the perfect time to take control over your credit card debt so that you aren’t forced to rely on them to pay for next year’s Christmas at an alarming interest rate. We realize that financial freedom is a goal that you might want to set for 2018.
One of the first things that you need to do is sit down and find out how much you owe. This is something that can be a shocking revelation if you haven’t ever taken the time to add everything up. Once you know what you owe, you can make a plan to start paying the accounts off.
Paying credit card accounts off means that you are going to have to make more than the minimum payments each month. Instead, find out what the maximum you can on these bills is and choose the accounts that you are going to pay off first. Funnel as much as you can to paying off these bill. As you pay one off, shift that money to another one.
We understand that debt is sometimes overwhelming. Now is the time to take action if you know that you can’t pay the bills. Instead of having to wake up in a cold sweat wondering what is going to happen, you can take a proactive stance. While you might not have considered the possibility, filing bankruptcy might be a viable option in your case.
Filing bankruptcy isn’t an admission of defeat over your credit card debt. Instead, it is a responsible way that you can take control of your credit card bills. We can help you determine which chapter is right for your needs so that you can get the process started today.