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How to avoid debt this holiday season (2) Atlanta, GA

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How to avoid debt this holiday season (2)

Ira and Jamie Gingold Bankruptcy Attorneys in Atlanta GA

Earlier this week, we discussed a few ways in which our Georgia bankruptcy blog readers can avoid incurring large amounts of debt as they shop for family and friends this holiday season. Having a debt-avoidant mentality may be more important this year than in years past, as retailers adopt increasingly aggressive and tricky methods for getting consumers to spend money in their stores.

For example, many stores opened for Black Friday on Thanksgiving Day, and websites have been sending out “leaked” Black Friday deals for weeks. In order to get customers to use their cards, some credit card companies have been sending out blank checks for cardholders to use while shopping. However, these checks often come with high interest rates, and can end up costing much more in the end. Similarly, credit card companies attach sneaky requirements and fees to bonus offers and rewards.

To avoid incurring these extra costs, don’t fall prey to special credit card offers, such as bonuses for meeting set spending levels and increased cash back in (very) specific categories. Credit card companies know what they are doing, and what they are doing is getting you to spend more, whether or not you can afford to do so.

If you are unable to pay for your gifts at once, consider using layaway. Many retailers have lowered or waived layaway fees, which allows customers to pay for their purchases over time with no interest.

Finally, one of the best money-saving tips is also a good reminder about the true spirit of the holiday season. If you can’t afford to give gifts, get creative. Give free experiences, such as a nature outing or a home-cooked meal. Even better, give back, signing you and your loved one up to volunteer together. For many people on your list, that may be the best gift idea of all.

Source: The Associated Press, “5 tips to steer clear of debt in holiday shopping,” Dave Carpenter, Nov. 14, 2012

If you are already in debt and unable to pay it off, bankruptcy may be the best option for you. Please visit our bankruptcy page for more information on this process.

Posted on behalf of Gingold & Gingold

1718 Peachtree St NW, #385
Atlanta, GA 30309

Phone: (404) 685-8800

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Our Client Reviews

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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