' Free of Credit Card Debt - Law Offices of Robert M. Geller
CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Many in Florida Fear they will Never Be Free of Credit Card Debt

There have been many news stories of late indicating that the economy is beginning to recover, but not everyone is feeling it. Many people are still struggling to pay off the credit card debt they incurred during the recession. When jobs were scarce or medical bills were piling up, many in Florida turned to their credit cards to make ends meet.

When times are tough and families have to put food on the table, the fact that people are running up their credit cards doesn’t matter. Living from day to day becomes the priority, and everything else will be dealt with later. People were having to charge basic needs such as rent, utilities, medical bills and car repair bills.

It appears that even as the economy is said to be recovering there are still a large number of people using credit cards to pay for basic needs. They are then spending all of their income paying bills and are not able to save. There was also a time when consumers were paying down their debt, but the trend this year indicates that is on the decline.

Credit card debt has become a trap for many people whose cards are maxed out and interest rates have gone up to as much as 20 percent for some Florida consumers. Consumers believe that they will always have to live with debt. For many people who are struggling, it doesn’t have to be that way. Filing for bankruptcy could help eliminate debt and give the filer a new lease on life — debt free.

Source: New York Post, 20M homes fear they’ll never live debt-free, Catherine Curan, Sept. 21, 2013

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

Does Business Bankruptcy Affect Personal Credit?

Does Business Bankruptcy Affect Personal Credit? For entrepreneurs and business owners facing financial challenges, the prospect of business bankruptcy can...
Read More

Can I Get an Apartment After Filing for Bankruptcy?

Filing for bankruptcy often feels challenging and overwhelming. It also raises a variety of concerns. One of the most common...
Read More

Are SBA Loans Dischargeable in Bankruptcy?

Navigating the complexities of Small Business Administration (SBA) loans and bankruptcy can be a daunting task for many business owners....
Read More

How to Get Bankruptcy Off of Your Credit Report

Rebuilding financial health after bankruptcy is challenging, but that doesn’t mean filing is worth the effort. One common concern for...
Read More

What Happens When You File for Bankruptcy?

Contemplating bankruptcy is a significant decision that comes with many questions. If you're considering filing for bankruptcy, it's essential to...
Read More

Can I File for Bankruptcy If I Have a Job?

Many people considering bankruptcy are unemployed or know that unemployment is imminent. However, this isn’t always the case. In some...
Read More

Can Bankruptcy Stop Foreclosure?

Many people face the distressing prospect of foreclosure on their homes. If you find yourself in this situation, it's crucial...
Read More

How Much Does It Cost to File Bankruptcy in Florida?

Financial challenges can be overwhelming. For many individuals, bankruptcy becomes a viable option for a fresh start. Many clients are...
Read More

How to Get Out of Debt: Exploring Your Options

Debt is a pervasive issue that affects millions of people worldwide. It is hard to escape debt, especially if you...
Read More

How Will Bankruptcy Affect My Child Support Obligations?

Parenting can be tough, and it's even harder when you're facing financial difficulties. Struggling with debt and bankruptcy can cause...
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

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