Reduce or Get Rid of Credit Card Debt
Many Americans will never be free of credit card debt. Unable to make more than the minimum payments each month, they are saddled with decades of indebtedness and trapped into paying more in interest than they originally charged. Following is a typical example:
If you owe as little as $2,000 on a credit card that charges 14 percent interest and only make the minimum payment of $25 each month, it will take you 19.5 years to pay off the debt. You will have paid $3,836.79 in interest in addition to the $2,000 you originally charged on the card.
It doesn't have to be this way. The attorneys of Darrell L. Castle & Associates can help you get out from under the crushing burden of credit card debt. We can totally eliminate your credit card debt immediately, by filing for Chapter 7 bankruptcy.
If you do not qualify for Chapter 7, we can consolidate your credit card debt into one affordable payment by filing for Chapter 13 bankruptcy. This form of bankruptcy allows you to repay a portion of what you owe and be debt free in three to five years. Many people who file Chapter 13 bankruptcy do not have to repay the full amount of credit card debt they owe.
You don't have to spend decades paying off credit cards, medical bills, utilities and other personal debt. Bankruptcy can allow you to make a fresh start.
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To arrange a free consultation with one of our bankruptcy lawyers, please contact our office in Memphis. We represent clients throughout west Tennessee.
