Credit card debt can be incredibly difficult to deal with — tens of millions of Americans can attest to this fact. Beyond the challenge of the debt balance itself, high interest rates and unfair fees can compound the problem for many people. Credit card companies know this, and they take advantage of the profit opportunity. Collection agents prey on burdened consumers, harassing and threatening them and their families in order to extract payment. You may be experiencing this type of harassment right now.
Credit card debt is one of the most common factors leading to bankruptcy. Many times, a person, couple or family has used a credit card or cards to:
• Make ends meet after a job loss or a medical problem
• Pay for unexpected medical or dental bills
• Deal with the cost of divorce or another unforeseen hardship or expense
• Cope with an unaffordable mortgage
• Pay for tuition and school expenses
Some people struggle to make ends meet while watching their debt grow through multiple balance transfers or ridiculous interest rate spikes that occur after they miss payments. These problems have reached epidemic proportions.
I am Oklahoma City credit card debt lawyer, Randy Lee Bumgarner. I understand that unaffordable credit card debt can make life miserable. I may be able to help you overcome problem debt by leveraging federal bankruptcy law. If you are under stress because of credit card bills you cannot afford to pay, talk to my office about whether bankruptcy is right for you.
Credit Card Debt Is Easily Dischargeable In Bankruptcy
The good news is that credit card debt is easily dischargeable in bankruptcy. That means that if filing Chapter 7 or Chapter 13 bankruptcy is in your best interest, it may be possible to do away with credit card balances and credit card payments.
You may have heard that bankruptcy is not for everyone. It’s true. An experienced Oklahoma City (OKC) bankruptcy attorney can help you determine if filing Chapter 7 or Chapter 13 could help you reach your goals.
Contact my office for a free consultation.