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October 2017 Archives

As the economy grows, credit card interest rates may rise

As conditions in the economy improve, many individuals in Oregon and elsewhere may find it much less difficult to access new lines of credit. While this could seem like a positive change, those who receive offers for a credit card might want to proceed with caution. Credit cards may already have higher interest rates than other lines of credit, which may only continue to rise in accordance with the increases to the economy and stock market.

The potential risks of carrying a revolving credit card balance

Many individuals in Oregon and elsewhere have chosen to turn to lines of credit for aid in times of financial trouble at some point in their lives. While this may offer some relief, the effect could only be temporary and leave an individual in a more challenging situation in the future. Those who suffer under the weight of credit card debt might find it beneficial to consider exploring a solution instead of a temporary fix, such as filing for bankruptcy.

Overcoming the burdens of debt through Chapter 7 bankruptcy

Constantly dealing with overwhelming amounts of debt can place a substantial financial weight on a person. Individuals in Oregon and elsewhere who experience the strains of debt may wish to pursue relief, but with little to no experience in the area, they may be uncertain where to turn for advice. Those who are facing similar circumstances could benefit from seeking guidance on the potential advantages of filing for Chapter 7 bankruptcy.

How bankruptcy affects credit scores: a timeline

Most Americans experience some type of financial trouble in their lifetime. Struggling through the loss of a job, an unexpected illness or mounting credit card debt causes instability throughout your life. While most people are aware of bankruptcy as a potential solution to debt problems, they worry about personal credit scores and long-term consequences of filing for bankruptcy.

Bankruptcy: Potential health concerns of dealing with debt

Many individuals in Oregon and across the country have experienced periods of financial struggle at some point in their lives. While the stress of monetary hardships can be challenging enough on its own, studies suggest that constantly dealing with heavy debt loads could also be harmful to one's health. Those who place a great deal of importance on their well-being may wish to avoid any potentially devastating consequences by exploring the options for debt relief, such as bankruptcy.

Office Locations

The Law Office of Kim Covington

Eugene Office
1445 Willamette Street, Suite 9
Eugene, OR 97401

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Albany Office
1135 Dale Street SE, Suite #B
Albany, OR 97321

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Roseburg Office
1701 West Harvard, Suite 201
Roseburg, OR 97470

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Phone: 541-393-2790
Toll Free: 800-673-1891
Fax: 541-344-6466