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Credit Card Debt Archives

Credit card debts could disrupt one's plans for the future

Many individuals in Oregon and elsewhere place a high priority on planning and saving for the future. However, high debt loads can disrupt even the best made strategies, and those who are struggling with financial issues could suffer for extended periods. Although debt comes in various forms, those pertaining to credit card balances tend to be some of the most troublesome, leaving many to wonder how best to pursue relief.

The risks of funding the holidays with the use of a credit card

The holiday season was a cause for celebration for many individuals in Oregon and across the country. In preparation for festivities, some may have chosen to do a fair amount of shopping to provide gifts for loved ones. At the time, this might have been an exciting and joyous endeavor, but when credit card bills begin to arrive, the time for celebration may turn into the time to seek debt relief.

A credit card may appear convenient, but debt probably isn't

There may be numerous scenarios in which an individual in Oregon or elsewhere may seek financial relief by pursuing additional lines of credit. While one may find immediate financial assistance through outlets such as a credit card, such a decision may only be a temporary solution to a growing issue. Those who experience substantial monetary challenges under similar circumstances could benefit from seeking guidance on choosing a path with which to pursue a healthier financial future.

Credit card and medical debts can be a devastating combination

There are a multitude of scenarios in which individuals in Oregon and elsewhere may find themselves facing substantial monetary concerns. However, some financial concerns may be more prevalent than others, such as those pertaining to credit card or medical bills. Although either of these issues can be troublesome enough as is, recent studies suggest that in some cases, the two may go hand in hand.

Credit card debt: The potential risks of store branded cards

In an effort to attract potential customers, many stores in Oregon or elsewhere may offer a variety of incentives for those who apply for a store branded card. However, while such offers may provide immediate discounts or bonuses, these perks might be offset by high interest rates, which can lead to financial hardships in the future. Credit card debt can place a person under a substantial amount of financial strain, potentially prompting a need to seek advice on the available options for relief.

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.

Weighing the options for relief when credit card balances soar

There are numerous circumstances in which an individual could begin to experience difficulty keeping up with monthly expenses. Many individuals in Oregon and elsewhere carry credit card balances that may be manageable at first, but should one fall behind, the outcome could be disastrous. When similar accounts are past due, interest rates can soar, potentially leaving a person in dire financial straights and in need of relief.

Determining if consumer bankruptcy is the correct path for relief

Many individuals in Oregon and elsewhere have experienced periods of significant financial difficulties throughout life. Dealing with overwhelming debt can often be stressful and challenging, prompting many to seek advice in overcoming it. When considering the available options, one might wish to know if consumer bankruptcy is the correct path for his or her current predicament.

When should you consider debt consolidation?

Credit cards are an important part of financial health in Oregon and throughout the country, and if you use yours at all, that debt does not necessarily have anything to do with the state of your budget. If your situation is keeping you up at night, though, you may want to think about ways to reduce the amount of your income that is going toward your monthly payments.

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The Law Office of Kim Covington

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

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

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1701 West Harvard, Suite 201
Roseburg, OR 97470

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Phone: 541-393-2790
Toll Free: 800-673-1891
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