There are many great reasons to have children in Oregon and when children are born it is a very joyous time. However, raising children is not easy. It takes a lot of patience and can be very stressful trying to make sure they are raised correctly. As many parents know, raising children can also be expensive. Providing, diapers, clothes, food, health insurance and other healthcare costs can be expensive by itself, but many parents also have child care costs among many other extra costs that arise.

Due to these expenses, it is not entirely surprising that a study found that parents with children under the age of 18 are more likely to have credit card debt compared to people with adult children or no children. The study found that 80% of parents with children under 18 have credit card debt while only 58% of people without children or adult children said they had credit card debt. 11% of these people also stated that they thought it would take them at least ten years to pay off the credit card debt.

Every time people carry debt over to the next month they are charged interest, which makes it that much more difficult to pay it off. The study also found that on average people pay $1,162 a year just for credit card interest. It can get to the point where people may never think they will be able to rid themselves of it. People who find themselves in that position may find that bankruptcy is a good option. Through chapter 7 bankruptcy, people may be able to discharge their credit card debt, allowing them to move on with life without worrying about their monthly credit card payments.

Many people in Oregon have children and they love them dearly. However, it can be costly raising children and credit cards can make shortfalls here and there. Those credit card purchases can add up over time, especially with the high interest rates associated with most credit cards. Seeing the light at the end of the tunnel can be very difficult, but it may be possible to rid themselves of the debt through bankruptcy. Experienced attorneys understand the importance of discharging this debt and could guide one through the process.