Do you lay awake at night worrying about your finances? With the holidays approaching, your financial struggles can feel like they are taking over your life. Below are a few signs that it may be time to get help:
- You are “juggling” your bills. In other words, you routinely do not have sufficient funds to cover all of your bills, so you rotate which bills you pay each month. This results in interest and late fees to accumulate and result in you owing even more. The longer you juggle your debt, the worse your finances will get.
- You use your credit cards to pay your bills. We all use our credit cards to pay for necessities in life, but there is a difference between using them and paying the full amount owed each month versus carrying a balance forward each month. Once you start carrying a balance on your credit cards, the debt quickly snowballs and can easily get out of control.
- You are only making the minimum payments due. Everyone can have a bad month or two where they only can afford to pay the minimum balance on their credit cards, but the minimum balance does not prevent your debt from accruing. Interest and late fees can still accrue adding months or years to how long it will take you to pay off your balance.
- You have lost track of how much you owe. When you are trying to juggle different credit cards with varying balances and due dates, you can easily lose track of the total amount of debt you are carrying. In many cases, our clients are shocked when they learn the total amount they owe.
If any of the above circumstances applies to you, it may be time to consider a personal bankruptcy filing. Let us review your individual situation and help you understand the debt relief options available to you and the best strategy for getting your financial life back under control.
The “defender of the little guy,” DeLadurantey Law Office, LLC. handles student loan debt and bankruptcy matters (Chapter 7 and Chapter 13) in Milwaukee, South Milwaukee, West Milwaukee, and Milwaukee County, including the municipalities of Bayside, Brown Deer, Cudahy, Fox Point, Franklin, Glendale, Greendale, Greenfield, Hales Corners, Oak Creek, River Hills, Shorewood, St. Francis, Wauwatosa, West Allis, and Whitefish Bay. The firm also can handle your debt negotiations, debt relief, and mortgage loan modifications. Contact DeLadurantey Law Office, LLC by phone: (414) 377-0518. Like us on Facebook.