Credit Card Debt
Are you making minimum payments on your credit cards? Are you using one card to pay off another? Are you seeing your interest rates escalate dramatically?
These are signs that you are in trouble with credit card debt. But, you already knew that. What you probably do not know is how to get out of trouble. Credit card debt is like quick sand. Once you get in, you tend to sink deeper and deeper. Most efforts to save yourself are futile.
I am attorney Victor Denaro, and I help clients get relief from overwhelming credit card debt. My firm, Victor A. Denaro & Associates, serves individuals in Framingham, Marlborough and surrounding Massachusetts communities.
If you know your credit card debt is out of control and want relief, contact me to find out what options are available to you. Call me at (508) 620-5320.Please Talk to Me Before You Try to Pay Off Your Credit Card Debt
If I could share only one piece of advice about credit card debt, it would be this: do not try to pay off your credit card bills with other assets before speaking with an experienced bankruptcy lawyer. Do not tap into your retirement savings. Do not take on a second mortgage. Do not do anything to alter the character of your debt before you see me.
Bankruptcy is very effective at getting rid of unsecured debt — credit card bills, medical bills, utility bills or any other bills that are not attached to an asset.
For example, if you take out a second mortgage to pay off your credit card bills, you now have debt that is tied to an asset. In addition, if you empty out your 401(k) to pay credit card bills, you are letting go of money that would have been protected in a bankruptcy to pay off debts that could have been discharged. You were saving that money for your future, and there is no way to get it back.
Although you might be doing these things with the best of intentions, you could be making serious and costly mistakes.Get Solutions You Can Trust
Many people will go to great lengths to take care of debt on their own and avoid a discussion about bankruptcy. Do not wait until you have burned through your life savings before you call. Contact me for a free consultation and get solutions for credit card debt that you will not regret down the road. Call (508) 620-5320.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.