[an error occurred while processing this directive] [an error occurred while processing this directive]
Menu Contact Attorney Advertising

Posts tagged "delinquent payments"

What options exist for dealing with credit card debt?


Because credit card debt is so common in the United States, many people fail to see the debt as a problem until it has snowballed. Credit is useful and invaluable in many situations, but sometimes life intervenes and circumstances change in ways that make repaying incurred debt difficult if not impossible. Examples of such circumstances include job loss or reduced hours, health emergencies, unexpected family additions, or the need to provide care for a loved one. For many people with high levels of credit card debt and limited income, the problems extend beyond financial stress to include delinquent payments (and the resulting late fees) and creditor harassment.

Federal Reserve numbers show decreases in credit card debt

Even though the recession may be officially over, many people--especially New York residents--carefully watch financial indicators to assess the strength of the economy and whether the rebound will continue. Statistics relating to credit card debt are commonly studied because they can provide data on how well American households are faring financially and how they are spending--or not spending--their money.

Send Your Message

How can we help?

Call us at 631-479-2869 or use our contact form to arrange a free consultation with an experienced Long Island bankruptcy attorney.

[an error occurred while processing this directive]
[an error occurred while processing this directive]