Posted on: 3 May 2017Share
If you are like a lot of people, you might be avoiding the idea of talking to a bankruptcy lawyer at all costs. You might have always thought that bankruptcy was a bad thing, but it can actually be a good way to get your finances under control, depending on the situation. These are a few signs that you may want to consider talking to a bankruptcy lawyer about your situation.
1. You're Only Paying Your Minimum Payments Every Month (or Less)
Credit cards can be a useful tool, but it can be easy to get into trouble with them as well. There may be some months when money is tight and you are only able to pay the minimum monthly payments on your cards, but if you are doing this all the time, it could be impossible for you to get your credit card debt paid off. If you are only covering the minimum monthly payments on your cards, or worse, if you aren't even paying the minimum payments, it might be time to talk to a bankruptcy attorney about your options.
2. You Can't Handle the Collections Calls Anymore
Some lenders will call you and send you letters to remind you that you have a payment due. This might not seem like a big deal, but once you get behind, you can find yourself answering dozens of calls each and every day. If this is what you are going through and if you feel as if you cannot stand it anymore, it might be time to start thinking about bankruptcy as a means of putting an end to the calls and getting your finances back in order.
3. Your Credit Score is Destroyed
One reason many people worry about filing bankruptcy is the fact that it can affect their ability to get loans in the future. If your credit score is already destroyed due to late payments or other issues, however, filing bankruptcy could actually give you a fresh start and could help you improve your credit score a whole lot faster.
Even though bankruptcy certainly is not for everyone, it can be a good financial tool to help you recover when things have gotten out of control. If any of these three things apply to you, now is the time to schedule an appointment to talk to a bankruptcy attorney. Then, you can find out more about whether or not filing bankruptcy might be the right option for you. For more information, visit websites like http://www.reppelaw.com.