The problem encountered by many people with financial issues is recognizing the point at which to take action. Obviously, if your financial problems are minor, you can “tighten the belt” a bit until things improve. However, there comes a point at which no more belt tightening is possible. Things are spiraling out of control and you are at risk of losing your home and causing irreparable damage in your financial life. Perhaps your financial difficulties have affected your work or your personal relationships and unless you get things under control, you risk losing more than just financial stability.
One of the most important things you can do if you are experiencing financial challenges is to speak with an expert. A bankruptcy attorney can offer solutions to help you put an end to financial misery and get things under control once and for all. How do you know when it is time to take action and speak with a bankruptcy attorney?
1. You Have Reached Your Credit Limit and You are Able to Make Only Minimum Payments on Credit Cards
Credit is a good indicator of how you are doing financially. If you have several credit cards and each is maxed out or close to it, and you are barely making ends meet each month with payments, you are headed toward disaster. Perhaps you are unable to even meet the minimum payment each month. Trouble is just around the corner and unless you get your finances under control, it is only a matter of time before those credit cards cause you problems.
2. You Have No Idea How Much is Owed and Your Credit Report is a Mystery
Sometimes people having financial struggles ignore the problem. They fail to review their credit report on a regular basis and they pay little attention to the amount of debt they have accumulated. Again, this is a disaster waiting to happen. The most important thing you can do for your financial future is understand where you stand and determine what you can do to improve your situation. A bankruptcy attorney can help you accomplish this.
3. Credit Harassment Has Begun
It doesn’t take long for creditors to come calling when you fall behind on your bills. Some can be downright aggressive, despite the laws governing their actions. Working with a bankruptcy attorney puts an end to credit harassment and gives you room to breathe so you are able to get back on track.
4. You Transfer Balances from Card to Card and Juggle Payments from Month to Month
Anyone who has struggled financially understands the intricate dance required to keep creditors at bay. You pay a few bills this month and skip a few you know you can put off until next month. When things get really bad, you pay a utility or phone bill with a credit card. If you are spending time and energy trying to juggle monthly bills, you need help.
5. You Feel Hopeless
Financial stress is one of the worst experiences in the world. It affects your quality of life, keeps you awake at night, and can damage your personal relationships. If you have done all you can to get back on track and you feel there is no hope, it is time to contact a financial expert.
Working with a bankruptcy attorney gives you a chance to get your life under control. If you live in the Tampa area and any of the above scenarios describes you, or you have thought about bankruptcy for other reasons, now is the time to act. Contact The Law Offices of Robert M. Geller, P.A. at 813-254-5696 for more information or to schedule a consultation to discuss your financial situation.