With the holiday season in full swing, millions of Americans are probably making a lot of purchases on their credit cards. For some people, credit cards offer a hassle-free method of paying for all types of things, from gifts to necessities, leaving the actual payment for later. But, taking on credit card debt can be a slippery slope, and in many cases what someone once thought was a few innocent purchases can lead to financial hardship down the road.
At some point, many people come to the realization that their outstanding credit card debt is holding them back. With higher credit card balances comes higher minimum payments, and if those monthly payments are either delinquent or missed altogether there can be serious repercussions for an Escondido resident's credit report.
Eventually, some people may determine that filing for bankruptcy is the best option. This step can be the first in a string of events that could lead to a fresh start and fewer financial challenges. But, bankruptcy is just the beginning - for many people the real hard part is rebuilding credit after the bankruptcy process is complete.
At the Law Offices of Attorney Judith A. Descalso we know that getting back on your feet is the primary goal when a bankruptcy filing comes into play. But, we also know that this can often be easier said than done. Rebuilding credit takes dedication and meticulous hard work. We have helped many clients get through the bankruptcy process, eliminate credit card debt and get set up for future financial success. To learn more about how our firm approaches credit card debt problems, please credit card debt page.