Statewide clientele but with emphasis on the Front Range communities of Greenwood Village, Boulder, Aurora, Centennial, Lakewood, Englewood, Avada, Westminster, Broomfield, Thornton, Golden, Littleton, Castle Rock, Monument, Colorado Springs, Highlands Ranch, Aurora, Parker, Centennial and Pueblo as well as other cities throughout Arapahoe County, Boulder County, Douglas County, City & County of Denver, Elbert County and Jefferson County.
What You Can Do to Lower Your Credit Card Debt (Part 1)
August 15, 2013
These days, most people rely on their credit cards to pay for their daily needs, as well as to help them make bigger purchases. While having credit cards can be extremely helpful, particularly when it comes to traveling, credit card debt can easily snowball and become unmanageable, plummeting some into serious financial trouble. What can make matters worse when it comes to credit card debt is that the interest on increasing debt can often be so excessive that people are only able to make the minimum monthly payments. In fact, credit card debt is one of the main factors that contributes to people having to file for bankruptcy (and filing for bankruptcy can discharge this type of debt).
If you are concerned about the amount of credit card debt you currently have and are looking to pay down this debt, here are some things you can do to help reduce this debt and get a better hold on your finances:
- Carefully review your monthly expenses – List out everything you purchase on a monthly basis so you can get a clear picture of where your income is going. In this list, include living expenses (rent/mortgage payments, utilities, etc.), food and gas expenses, as well as any other expenses you have.
- Identify nonessential expenses – Creating a list of your monthly expenses can help you pinpoint expenses that may be frivolous or unnecessary – like eating out at fancy meals, buying excessive clothing or otherwise spending money on nonessential items. Although you don’t have to give up all of these luxuries, you may want to consider eliminating one or two in order to free up some more funds that can be used to pay off your credit card debt.
Colorado Bankruptcy Lawyers
If you are overwhelmed by seemingly insurmountable debt and are looking for a financial fresh start, contact the trusted Colorado debt relief and bankruptcy lawyers at the Law Office of Jon B. Clarke, P.C. Our experienced legal professionals are committed to providing each of our Clients with the debt relief assistance they need, and we will work tirelessly to ensure that our Clients’ cases are resolved as favorably and efficiently as possible. For a thorough assessment of your situation, along with expert advice regarding the best manner in which to move forward to unburden yourself from debt, call us at (866) 916-3950.