Drowning in Credit Card Debt? NJ Bankruptcy Lawyer Joel R. Spivack Can Help
Millions of Americans have the same problem: rising credit card debt. However, in order to achieve certain goals, such as owning a home, one has to build credit. One of the ways to do this is to open a line of credit through a credit card. When payments are defaulted, this instead hurts one’s credit. If this sounds like your situation, you may feel like you are in a vicious circle. Fortunately, with the right counseling and guidance, you will find that credit cards can become a tool in building credit rather than working against you.
Committed to Honesty, Integrity and You: Contact the Law Office of Joel R. Spivack
I am bankruptcy attorney Joel R. Spivack. I have more than 25 years of experience helping clients with consumer bankruptcy matters. From my office in Cherry Hill, New Jersey, I have helped thousands of people just like you. If you have significant debt, I can help you find a way to get a fresh start and rebuild your equity. Schedule your free initial consultation today to discuss the specifics of your case.
Chapter 7 and Chapter 13 Bankruptcy: Credit Card Debt Solutions
One of the biggest types of debt my clients bring to me is credit card debt. As a golden rule, I tell all my clients that minimum payments are not the best idea. By making minimum monthly payments, you are losing your money to both interest and time, as it takes a long time to pay off credit card debt this way. Essentially, you are trapping yourself in credit card debt and you will never get out of the spiral of debt. Eventually, you may get to the point where you can’t pay it off anymore — not to mention late fees and even interest on late fees.
A possible solution to credit card debt is bankruptcy. Chapter 7 bankruptcy can wipe out unsecured debt (such as credit cards) completely. Chapter 13 bankruptcy gives you the ability to reorganize debt and pay it off in a three-to-five-year payment plan. Rather than making payments for the rest of your life, you are able to see an end date. I can also help negotiate with credit card companies if bankruptcy is not the best option.
Contact Us for a Free Consultation about Your Credit Card Debt in Cherry Hill New Jersey
When it comes to credit card debt, I understand that you are simply looking for a solution. While that may not always be bankruptcy, I will inform you of all the best possible options. Contact an experienced New Jersey credit card debt lawyer today online, or call 856-488-1200 for a free initial consultation. Located near the Cherry Hill Mall, my office is open weekdays from 8 a.m. to 5 p.m. and offers free parking.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.