Bankruptcy Lawyer In Peoria Serving Pekin, Canton, Galesburg, And Surrounding Communities
When individuals and families have unmanageable debt, a major component of the problem is their credit card bills. During tough economic times, it can be easy to use credit cards to pay for daily living expenses and to cover other bills. However, paying debt with debt is not a winning strategy in the long run. There comes a time when you can't even make the minimum payments and your creditors want their money back.
One of the best ways to confront unmanageable debt is through filing for personal bankruptcy. At the law office of Charles E. Covey, Attorney at Law, in Peoria, Illinois, we help clients confront excessive credit card debt through filing for bankruptcy. Contact us for a free consultation.
If you are financially overextended and missing payments, you can cause significant damage to your credit report and lower your credit score. Not only does a low credit score impact your ability to obtain additional credit in the future, it also may influence your:
- Employment prospects
- Insurance rates
- Housing options
To protect your future opportunities, it is important to be proactive when you face significant credit card debt. One of the best methods for dealing with a credit card debt problem is to file for Chapter 7 or Chapter 13 bankruptcy. In addition to providing you with a fresh start, filing for bankruptcy shows creditors that you are seeking a solution to the problem.
Beware of Credit Card Fraud
Though your credit card debt may be discharged through bankruptcy, you do not have the right to deliberately run up the balance on the cards prior to filing for bankruptcy. By doing so, your actions can render your credit card bills as non dischargeable and subject you to criminal charges of credit card fraud.
Contact An Experienced Bankruptcy Lawyer In Illinois
If you are drowning in credit card debt, there is help available through bankruptcy. Contact Charles E. Covey for a free consultation. We can assist you in exploring your options and determining what the best course of action is for your unique situation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.