CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Credit Cards Can Help in a Crisis but Create Another

Many people in Florida open their wallets and find several credit cards. Some use credit cards to make everyday purchases and pay off their balances each billing cycle. This can greatly increase a person’s credit score. Most individuals are able to use their credit cards wisely and take advantage of the many benefits of having credit. However, there are times when credit card debt can simply spiral out of control.

Credit cards can be a blessing and a curse. Buying items on credit is convenient, but issues can arise when credit cards are overused. When disaster strikes, credit cards are often used in an effort to survive the crisis. Medical emergencies or the loss of a job can create the need to rely credit cards to survive a rough financial stretch.

When there are no other options than to use credit cards in order to pay for unexpected expenses, debt can mount quickly. High interest rates can quickly accumulate until a credit card balance is unmanageable. When this happens with several credit cards, bankruptcy may be a responsible choice in order to regain control of one’s finances.

No one can foresee life’s many hurdles. Chronic illness, loss of a job or even the unexpected loss of a loved one can create the need to use credit cards in order to survive the crisis. Once the crisis passes, though, it can be difficult to manage the debt that was created. When one finds themselves in this situation, exploring the advantages of filing bankruptcy in Florida may be a good first step in regaining control of personal finances.

Source: businessday.com, “It Pays To Be Informed With Credit Cards,” John Colett, July 31, 2013

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

Should I Refinance a Student Loan I Can’t Discharge in Bankruptcy?

Student loan debt is overwhelming many people. Could refinancing be the answer to help you avoid bankruptcy if your student...
Read More

Can Student Loan Consolidation Help You Avoid Bankruptcy?

One of the most common questions people have when they consider bankruptcy is “can student debt be discharged in bankruptcy?”...
Read More

Could There Be Changes on the Horizon for How Student Loan Debt is Handled in Bankruptcy?

If you’re wondering how to file for bankruptcy for student loan debt or you’re wondering if bankruptcy can help you...
Read More

Does Bankruptcy Clear Student Loan Debt?

Many people considering bankruptcy wonder “Does bankruptcy clear student loan debt?” Until recently, that answer was almost always “no.” But...
Read More

Will Student Loans Force You Into Bankruptcy? Here’s How a Student Loan Bankruptcy Attorney in Florida Can Help

If you’re struggling with student loan debt and not sure what comes next, a student loan bankruptcy attorney in Florida...
Read More

Have You Received a Letter from the IRS About a Tax Debt? Here’s What You Should Know Before Responding

Here's what you need to know if the IRS has contacted you about tax debt. Every year the IRS contacts...
Read More

Here’s How You Can Rebuild Your Credit

How do you repair this damage and rebuild your credit after filing for bankruptcy? Many people believe that filing for...
Read More

How Can You Practice Smart Credit Card Management after Bankruptcy?

How can you learn better credit card management after bankruptcy? Using credit after bankruptcy is an intimidating experience for many...
Read More

How Do You Improve Your Credit Score?

How do you improve your credit score? Here's what you need to know. Your credit score plays an important role...
Read More

Does Bankruptcy Credit Counseling Work?

Bankruptcy credit counseling helps you emerge from bankruptcy understanding credit management. People filing for bankruptcy must take two courses regarding...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

NACBA Logo avvo1 avvo2 avvo3 LEA BBB Logo RG Seal

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions