608 Mabry Hood Road, Suite 202 | Knoxville, Tennessee 37932
Effectively dealing with credit card debt from the holidays
The holidays are a time when consumers of all income levels tend to spend more. With gifts to buy, family to visit and parties to attend, people often depend on their credit cards to pay for the things they need. For many Tennessee consumers, this means they are going into the new year with a significant amount of credit card debt.
In the moment, credit card purchases may seem important or necessary, but they can quickly add up. Thanks to accumulating interest, a person may find that his or her credit card balances are unmanageable. Thankfully, there are a few things a person can do to start dealing with these balances effectively. One helpful step can include using certain apps to manage credit card payments, send reminders and tally expenses. This may help avoid late payments.
For Tennessee consumers with multiple credit cards they have to make payments on, focusing on paying off one card at a time can prove beneficial. Of course, it will be necessary to make payments on others, but a card holder may be able to concentrate on paying down one balance at a time. This can eventually bring a person’s overall amount of debt back within a manageable level.
Credit card debt is not always easy to pay off or manage. When a person finds that he or she is no longer able to make payments or meet other financial obligations, it is worth considering the benefits of consumer bankruptcy. This process can allow a person to deal with unsecured balances, including credit card balances and more.
Thank you. Your submission has been sent.
608 Mabry Hood Road, Suite 202
Knoxville, Tennessee 37932
William E. Maddox, Jr. LLC, Attorney at Law is located in Knoxville, TN and serves clients in and around Knoxville, Oak Ridge, Louisville and Anderson County.
Attorney Advertising. This website is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. [ Site Map ]
Martindale-Hubbell and martindale.com are registered trademarks; AV, BV, AV Preeminent and BV Distinguished are registered certification marks; Lawyers.com and the Martindale-Hubbell Peer Review Rated Icon are service marks; and Martindale-Hubbell Peer Review Ratings are trademarks of MH Sub I, LLC, used under license. Other products and services may be trademarks or registered trademarks of their respective companies. Copyright © 2021 MH Sub I, LLC. All rights reserved.