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Dependence on a house of credit cards may be debt trouble Atlanta, GA

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Dependence on a house of credit cards may be debt trouble

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Atlanta-born comedian Jeff Foxworthy has made a successful career pointing out signs that someone might be a redneck. Did you know that there are also signs that you might be headed into financial trouble that requires debt relief through bankruptcy or some other means?

The subject isn’t nearly the source of chuckles that a Foxworthy routine is, but it is something that is better brought out into the light of day. Rather than keeping our heads in the sand about tough circumstances, experts agree that it’s better to be aware so that action can be taken if it’s required.

So what are signs that your money matters are more than a mere mud puddle and that you perhaps need help from professionals? There are many. Here are a select few.

  • Chronically late on bills. If you receive notices of late fees as often as you receive your bills, you could be in trouble, according to a Virginia financial planner. He says an even more serious flag may be if you are juggling payments just to keep services going.
  • A copious cache of credit cards. One credit card may be a necessity. Credit counseling experts agree, though, that having too many cards often leads to you dealing yourself a hand of growing debt. If you can’t make more than minimum payments on the balances, they will rise.
  • Zero in savings. Financial instability isn’t improved if you aren’t putting at least a little something into the bank each pay day, advisors say. Exercising such discipline may not be easy, but the risk of a debt downfall only rises if you don’t.

These are just a few indicators offered up by Bankrate recently. You probably can think of others that apply in your particular situation. Bankruptcy remains an available option for some. Whether bankruptcy might be appropriate for you is something to explore with guidance from a skilled attorney.

Source: Bankrate, “8 signs you’re flirting with financial ruin,” Claes Bell, accessed June 24, 2014

Posted on behalf of Gingold & Gingold

1718 Peachtree St NW, #385
Atlanta, GA 30309

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Gingold & Gingold LLC
5.0 / 5.0

Based on 28 reviews

Jack L.

They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

All C.

Mr. Gingold was recommended by an attorney I had worked with previously. I met with Ira Gingold to discuss credit issues. He went over each specific issue thoroughly. He advised me of the potential outcomes. He did all this in one meeting for a very reasonable price. When we finished I was confident in moving forward with a resolution. He definitely wants to help people take the appropriate course of action for their circumstance.

Karen B.

Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

Lyla B.

I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

Julie T.

Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

Sherard W.

I cannot say enough about this law firm. From the initial consultation to our discharge, the entire office kept me updated with every step of the entire process. I came to the Gingold after a bad experience with another law firm. Ira and Jamie immediately began treating me like family through this experience. In the end, they assisted with eliminating many debts including my 2nd mortgage. I cannot say enough about the experience and knowledge that Ira brought to the table from the office visits to the court time. Thank you very much for helping me through this tough time. Thank you.

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