Banks use overdraft fees to penalize people for overdrawing their accounts, meaning that they have spent or withdrawn more money than was available in the account. They may cover the cost of a transaction, but an account-holder will then be responsible for that expense in addition to recurring fees and single penalties. Therefore, a small purchase may result in significant financial consequences. Regardless of the size of the purchase, an overdrawn account can quickly spiral out of control.
If you are having difficulty keeping your bank account on the positive side, it may be time to speak to an experienced financial professional about your options. The Milwaukee bankruptcy attorneys at the DeLadurantey Law Office can help you to better understand the possible benefits of pursuing bankruptcy or another means of financial relief. Contact us today 414-377-0518 to speak with an experienced Milwaukee lawyer about your options.
Unfortunately, irresponsible financial management at just one point in life can come back to haunt someone forever. If you have been struggling to pay your bills and have seen your checking account fall under zero, you may be facing financial hardships that can ruin your way of life. Luckily, there are ways that you may be able to recover.
If you have accumulated debts that you feel hopeless to pay off, the stress can be overwhelming. By filing for bankruptcy, you may be able rectify your finances and start working to become debt free. It is important to know that your situation is not helpless. The Milwaukee bankruptcy attorneys at DeLadurantey Law Office can help you understand how bankruptcy was designed to help people like you. Contact us today at 414-377-0518.