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Credit Card Debt Archives

Charging Ahead To Conquer Credit Card Debt

Do you remember the first time you received a credit card in the mail? You may have put it somewhere for safe keeping to use for an emergency, or you may have grabbed your car keys and headed for the mall or the electronics store. The feeling of freedom you had with those first purchases may be far from the feeling of entrapment that follows you now because of your overwhelming credit card debt.

Putting an end to creditor harassment in New Jersey

For residents of New Jersey struggling under the weight of insurmountable debt, every day can be a hassle. Particularly in instances where an individual lives under the constant strain of creditor harassment, the situation may feel hopeless. No matter how bleak, though, the good news is that there are options for tackling credit card debt and there are limits to what a creditor or collector can legally do or say when they call.

New Jersey bankruptcy may ease financial stress

If an individual in New Jersey is facing overwhelming financial difficulty, it may provide consolation to know that millions of others across the nation are going through similar situations. Something that hopefully will offer comfort, though, is finding out more about the financial relief that bankruptcy can provide. Learning about the bankruptcy process may ease any apprehension an individual is feeling and will hopefully encourage him or her to take the first step toward an optimistic future.

Hope for New Jersey residents bothered by creditor harassment

Results of a recent government study show that more than one out of every four U.S. consumers who have been contacted by debt collectors report feelings of being threatened during the interaction. Creditor harassment is becoming a major problem in New Jersey and across the nation. In fact, complaints over debt collection issues are higher than for any other financial product.

Knowing credit card debt rights can help New Jersey consumers

Simply having credit card debt can be stressful enough. Add in harassment from debt collectors or non-stop, repetitive calls at home or work, and many people feel overwhelmed and even hopeless. New Jersey consumers facing creditor harassment for credit card debt should know their rights to protect themselves, and also understand how an attorney with experience in handling such matters could offer assistance.

Credit card debt may be avoided by knowing how credit cards work

Young adults in New Jersey may apply for credit cards with the intention of building a credit rating that will benefit them when they need to apply for mortgages, car loans or other lines of credit. Unfortunately, the marketing by credit card companies typically underscores the card's benefits, such as traveling miles, exclusive discounts and other advantages, while the negatives about credit card debt are buried in the small print. To avoid overwhelming credit card debt, knowing how credit cards work is vital.

While credit card debt may be good, it can become overwhelming

It is often said that not all debts are bad. However, some New Jersey consumers may believe that credit card debt is to be avoided at all costs. Recent surveys indicate that a substantial percentage of millennials between the ages of 18 and 24 do not have credit cards while those between 25 and 34 do use them. Financial advisors note that some credit can be beneficial if managed properly.

Bankruptcy: A remedy for those falling for credit card traps

New Jersey consumers who find themselves overwhelmed by debt may be fending off harassment by debt collectors. Unfortunately, many people fall into the traps set by credit card companies. These companies rely on consumers to accumulate credit card debt because the interest they charge on unpaid balances is what ensures a significant part of their profits. Many consumers who experience financial difficulties due to the use of credit cards have turned to the bankruptcy court in order to confront the issue responsibly.

Spiraling credit card debt can be difficult to avoid

One of the most unenviable positions for New Jersey consumers to be in is being caught in a spiral of debt. This type of dilemma is often caused by emergencies such as unanticipated medical needs or job losses that necessitate spending on credit cards. Unfortunately, by the time the alarm bells go off, the debt may be already overwhelming. Depending on the severity of the situation, there may be remedial steps that can be taken to address credit card debt.

Chapter 7 or Chapter 13? The means test will determine

New Jersey consumers who are contemplating filing for bankruptcy may not be aware of the federally mandated means test that has to be completed as the first step in the process. Many people are unsure about whether to file for Chapter 7 or Chapter 13 bankruptcy, but this not the choice of the debtor. The results of the means test will determine for which Chapter the person qualifies.


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  • NACBA | National Association of Consumer Bankruptcy Attorneys
  • NACA | National Association of Consumer Advocates
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Goldman & Beslow, LLC

Goldman & Beslow, LLC is a Federal Debt Relief Agency by an Act of Congress. We have proudly assisted consumers seeking relief under the U.S. Bankruptcy Code for over 38 years.

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Suite 311B
East Orange, NJ 07017
East Orange Law Office

Phone: 973-414-8069
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