Do not be ashamed or embarrassed by debt
It can seem like people share everything with the world these days. We only need to look at Facebook or Twitter to read about where people eat dinner, how much they like or dislike their job, difficulties they are having with their kids or how they are redecorating their bathroom.
But one topic that we rarely read about or share with others is debt. People don’t like to talk about problems with debt; in fact, many people will go to great lengths to hide or ignore financial problems. In many cases, people do this because they don’t want others to think of them as financially irresponsible. But while you may not want to share your financial struggles with an entire social network, you may want to seriously consider discussing them with an attorney.
In an article on our website, we referenced a study that explored the root causes of mounting credit card bills. While many people assume that credit card debt is typically the result of overspending, irresponsible record-keeping or frivolous spending on a lavish lifestyle, the reality is that credit card debt is often the result of necessity, not choice.
It is not uncommon for people to run into financial troubles when they fall behind on student loan payments, lose a job or suffer from unexpected health problems and an accumulation of hospital bills. While they try to pay off these expenses, many people need to lean on credit cards and the cycle of spending and falling behind on payments continues.
This cycle can quickly become unmanageable. Some people try to ignore it or they suffer in silence as they battle each month to make some payments and keep the collectors at bay.
But speaking up and asking for help from an attorney can provide people in this situation with a great sense of relief and support. There are a number of debt relief options available, including filing bankruptcy, which can effectively repay, reorganize or eradicate debt. While you probably shouldn’t discuss financial issues with everyone on social media, speaking with the right people can help you find the answers you need.