FAQ: What Advise Do You Give To People About Credit?

Susanne M. Robicsek
Charlotte NC Bankruptcy Attorney
(704) 377-0776

NC Bankruptcy Lawyer in Charlotte North Carolina for Chapter 7 / Chapter 13

What Advise Do You Give To People About Credit?

I encourage everyone to stop using credit except in limited circumstances. Credit is an expensive way to buy things since you add interest to the cost. If you can eliminate interest from your family's budget you will have more money to buy things, to save for emergencies, children's education, retirement, or even your dream vacation. If you are debt free, you will be as prepared as you can be to meet your basic living expenses if you lose your job or have a medical problem - since you would not have to worry about bill payments on credit items.

If you aren't too far in debt, then a reputable credit counseling agency might help. You might try a budgeting plan and look into a program such as Dave Ramsey's debt reduction plans. I would encourage you to at least consult with a good bankruptcy attorney before trying those programs so that you can compare what a bankruptcy attorney says with the solutions offered by repayment plans. Sometimes people are encouraged to try to repay debt that they really can't repay, or they sacrifice their financial stability trying to pay the debts, even by agencies who are reputable and trying to help.

The Law Office of Susanne M. Robicsek
1701 Scott Avenue Charlotte North Carolina 28203
phone:704 / 377-0776
fax: 704 / 377-0775

DISCLAIMER: This message is intended as a general discussion of legal issues and not as a statement of fact, legal advice or a legal opinion; Personal opinions may also be expressed. No attorney-client relationship is created by this message; Do not act or rely upon law-related information in this communication without seeking the advice of an attorney licensed to practice in the relevant area.
The Law Office of Susanne M. Robicsek is
a Federally Designated Debt Relief Agency
under the Bankruptcy Code.
I file bankruptcy cases for people in financial need,
and have been doing so since 1989.

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