Credit card debt is a burden for many individuals and families. Various life circumstances can make it challenging for people to manage finances. They may rely on credit cards to cover necessary expenses. Understanding how specific factors contribute to credit card...
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Credit Card Debt
How Chapter 7 bankruptcy can help families with credit card debt
Families in Oregon may have significant credit card debt due to medical expenses from childbirth, limited income and child essentials. Chapter 7 bankruptcy could be a potential solution for some of these families facing overwhelming credit card debt. For example, it...
Are you responsible for your spouse’s spending?
You feel that your spouse’s spending has gotten out of control. Perhaps you’re even considering a divorce. You know that it’s impossible for you to pay off the debt that your spouse has accumulated. You’re worried about what it will mean for your financial future. ...
Try to avoid careless credit card use
When used carefully, credit cards can be a great asset for consumers. If you’re running short just before you get paid, you can rely on your credit card to make important purchases. Some credit card providers even offer rewards schemes as you make payments....
People with young children more likely to have credit card debt
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...
Credit card debt is growing nationally
Many people in Oregon and across the country are struggling with the growing weight of credit card debt. Nationwide, Americans owe more than $1 trillion on their credit cards. During the second quarter of 2019, American consumers accumulated an additional $35.6...
What to know about business credit card debt
For business owners in Oregon and throughout America, credit cards make it possible to stay liquid. They can also provide a company with the capital it needs without having to ask for a traditional business loan. However, if a business isn't generating enough revenue,...
Missed credit card payments lead to more fees and penalties
Families in Oregon have many demands on their income. A credit card debt analyst at NerdWallet explained that the rising costs of housing, food and health care continue to strain budgets and sometimes lead to missed credit card payments. Research from the Federal...
Practicing caution when using a credit card as a financial tool
Many individuals in Oregon and elsewhere consider it essential to cultivate and maintain a positive financial future. While working toward improving one's credit score, there may be several available options to assist in the process, one of which is a credit card....
Recognize that you have a credit card addiction
Addictions can run the gamut from watching too much television, eating an excessive amount of junk food or being attracted to dangerous activities. You may not have considered credit card addiction in that latter category, but it really is. Credit card addition can be...
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The Law Office of Kim Covington, is a woman owned debt relief agency, and I have helped families, individuals and small businesses, file for bankruptcy relief under the U.S. Bankruptcy Code, for over 24 years.



