Bankruptcy: The Ultimate Weapon Against Credit Card Debt
Bankruptcy can save you lots of money beginning from the day you file. Bankruptcy is a powerful tool to both eliminate monthly bills, and improve your long term financial position. Most people realize credit card debt is bad, but they underestimate or ignore the financial consequences of throwing hard earned money in to the bottomless pit of credit card debt. The banks design credit card agreements to keep you in debt, with outrageous interest rates, penalty rates, late fees, monthly fees, yearly fees, transaction fees, and the underlying compounded interest calculation that has you paying interest on all of it. Follow this path the banks have designed for you and you’ll pay far more than you owed in the beginning, and have nothing to show for it. Many people never escape this trap.
Complete this simple form and take a close look at the results. Then consider the following questions:
- What else could you spend this money on?
- If you didn’t have this expense, how would your life change?
- Where could you invest this money?
- Could you use this money to pay down your car loan or mortgage?
Does viewing that “years it will take to be debt free” result shock you? For many people it does, and it’s the wake up call they need to say enough is enough, the banks will no longer control my life and my financial future. A simple and affordable chapter 7 bankruptcy is the ultimate weapon against credit card debt, and you can drastically change course from one of years of oppressive indebtedness, to freedom from credit card companies, more disposable income, and a fresh start on your path to a new and better financial future.
The benefits of a bankruptcy can even be much more than the elimination of credit card debt. A chapter 7 bankruptcy can also include eliminating other debts, such as medical bills, utility bills, cell phone bills, debts on foreclosed homes, deficiency debts for repossessed vehicles, personal loans, lines of credit, and other categories of unsecured debts. Our Bankruptcy Attorneys carefully examine your overall financial situation and assess all your debts and obligations to provide you the maximum relief allowed by bankruptcy laws. A free bankruptcy consultation with one of our bankruptcy attorneys will also give you a clear and defined path to eliminating these debts, and provide you with an estimate of how much money you can save by filing bankruptcy with Compass Legal Group.