Credit card debt can serve as a life raft when funds are tight. You can charge everyday expenses like groceries and fuel with the promise of paying it back later. But if you don't pay off that balance every month, your debt can quickly add up until, before you know it, you're paying out a fortune in interest each month.

The Craig Black Law Firm knows how quickly credit card debt can creep up on you. If your finances have become overwhelming, I can help. Call me at 678-888-1778 to speak to me personally about your case. You can also fill out my contact form to request a call from me.

The Credit Card Trap

If you're carrying thousands of dollars in credit card debt, you aren't alone. The average U.S. credit card debt per consumer is now at $6,580, which means some consumers are paying hundreds of dollars in interest every year.

With many consumers paying interest rates at 20 percent or higher, the problem is that it's hard to make progress on the balance. You may find you're paying only the minimum amount each month, which has interest adding up. It can take years to pay down the balance, and by then, you may pay double, triple, or even quadruple what you originally charged.

Bankruptcy for Credit Card Debt

When debt has piled up to a point where it's unmanageable, bankruptcy can be a big relief. Whether you file for Chapter 7 or Chapter 13, bankruptcy can help you:

• Wipe out credit card debt
• Escape harassment from credit card companies and other debt collectors
• Stop wage garnishments and lawsuits
• Offer a clean slate for rebuilding your credit

With Chapter 7 bankruptcy, your credit card debt will be wiped out, although non-exempt assets will be seized to help repay your creditors. Chapter 13, on the other hand, combines your credit card balances with other debts like medical bills to become a payment plan. You'll make regular payments on that plan for three to five years, at which point any remaining balance will be discharged.

One-on-One Help with Your Credit Card Debt

The Craig Black Law Firm understands how stressful mounting credit card debt can be. We regularly help clients struggling with unmanageable credit card balances and can work with you to find a resolution. Whether that means filing for bankruptcy or working out an alternative solution, the first step is to give us a call.

The best thing about my law firm is that when you contact us, you speak directly to me. There's no need to worry about trying to force your way past gatekeepers. I work directly with each client, crafting a personalized approach that directly addresses your needs. If you're struggling with credit card debt, give me a call at 678-888-1778 or complete this contact form to find out how I can help you get relief.