Atlanta Bankruptcy Law Blog

Can closing accounts help with credit card debt?

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Thursday, November 28, 2013.

Once a Georgia consumer has become overwhelmed with debt, many feel pressured to take action to remedy the situation. Some will attempt to implement a debt relief plan, in the hopes that strict adherence to a program will lead to the reduction of credit card debt and other outstanding financial obligations. Often, closing certain credit card accounts is a part of that plan.

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Tags: Bankruptcy, credit card debt, interest

Upcoming holidays may mean late payments for credit card holders

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Thursday, November 21, 2013.

It is tradition, it seems, to spend a lot during the holidays. Many Georgia residents rack up huge grocery bills for Thanksgiving dinner and shell out boatloads of cash for the perfect gifts for friends and family members. While purchasing the best ingredients and over-the-top gifts may feel good at the time, it often leads to credit card debt.

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Tags: Bankruptcy, credit card debt, credit cards

National credit card debt levels continue to fall

On behalf of Gingold & Gingold LLC posted in Credit Card Debt on Thursday, November 21, 2013.

The recession that began in 2008 impacted families throughout the country in many ways. However, one legacy of the economic downturn that is really starting to take hold appears to be a change in consumers’ spending habits. According to the Federal Reserve, nationwide credit card debt fell for the fourth straight month.

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Tags: Bankruptcy, credit card debt, credit cards, interest

Why fewer bankruptcy filings might mean continued debt problems

On behalf of Gingold & Gingold LLC posted in Chapter 7 on Thursday, November 21, 2013.

There are high points in an economy and low points. That is just a lesson in history that applies to the present and future. Families have had to ride the wave of ups and downs for generations, and families are riding that wave today, for better or worse.

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Tags: Chapter 7