Eliminating or Reducing Credit Card Debt
Let Birmingham Bankruptcy Lawyer Paula Greenway Eliminate or Reduce Your Credit Card Debt
Credit card debt has a way of snowballing. If you miss a minimum payment, the interest rate is likely to skyrocket, going from an average of 13 percent to 27 percent or more. Some consumers end up losing their homes because they choose to pay credit card bills instead of their mortgage. This does not have to happen to you. There are ways to reduce or eliminate credit card debt without losing your property.
At Greenway Law, LLC, in Birmingham, Alabama, we offer a free initial consultation to discuss your case and determine if bankruptcy is the best solution to your credit card debt. With high interest rates, it can take years to pay off credit card debts, even if you feel you are making significant payments each month. The credit card payoff calculator can give you an idea of how long it will take to pay your credit card debts.
Many credit counseling services that advertise on television promise to reduce your credit card debt by consolidating and reducing your payments. However, credit card companies are not obligated to accept the terms of your repayment plan. You could still face adverse actions from individual credit card companies. Only filing bankruptcy offers you the full protection of the federal court and puts an immediate stop to creditor harassment, garnishments, repossession and home foreclosure.
We offer two types of bankruptcy protection which are available to consumers:
- Chapter 7 bankruptcy, which eliminates credit card debt
- Chapter 13 bankruptcy, which allows you to reduce your credit card payments and pay them off over three to five years
Both types of bankruptcy will stop creditors from harassing you and help you regain control of your financial situation. Chapter 13 bankruptcy offers additional protection for people who have significant assets such as homes and expensive cars. Attorney Paula Greenway and our office staff will help you determine which form of bankruptcy is the best solution for your credit card debt.
Free Consultation With a Bankruptcy Lawyer
To discuss your financial situation with bankruptcy attorney Paula Greenway, call 205-324-4000 or fill out our simple contact form. We are located in Birmingham, Alabama, across from the downtown YMCA.
