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Debt Relief Archives

Seeking debt relief following the holiday season

The end of the calendar year is a time of celebration for many faiths the country over. Connecticut residents may be tempted to overspend during the holiday season in an effort to spread goodwill and generosity to friends and family, but this can also land them in a serious debt problem moving into 2018. Thankfully, debt relief options are available that range from consolidation to bankruptcy. 

Finding debt relief support in Connecticut

It is not uncommon for Connecticut residents and others throughout the nation to experience financial problems in the first months following a new year. When a need for debt relief arises, it can be quite challenging to determine which options are available and where to turn for help. This is why doing a bit of research ahead of time is always a good idea.

Seeking debt relief for seniors

As the American population ages, more and more senior citizens are finding themselves in challenging financial situations. Indeed, in some cases, women in particular who survive their spouses, or whose spouses are no longer able to make decisions themselves, are faced with daunting decisions to make. This is particularly true if the family is already in debt. Thankfully, debt relief options are available here in Connecticut to help these individuals restore their financial stability. 

Debt relief: Use of credit cards on the rise

It should come as no surprise that one of the most tenacious forms of debt is credit card debt. Connecticut residents seeking debt relief are often doing so as a result of unsustainable credit card debt. This may be partly due to the fact that credit cards are seeing more use now than ever before, prompting some consumers to seek alternate sources of credit. 

Paying down credit cards sometimes involves debt relief

Far and away, one of the most challenging debts to overcome is credit card debt. Connecticut households, like most American households, carry an average of $18,000 in credit debt alone, which can be a daunting task to pay down for even the most frugal individuals. Thankfully, there are debt relief strategies available, though which one is best for a given situation can vary based on the individual or family involved. 

How to effectively exercise debt relief

For many people, debt is a major issue in their day-to-day lives. Connecticut residents seeking debt relief, particularly for unsecured debts like credit cards, have several options available to them. From consolidation plans to Chapter 7 bankruptcy, there is a solution for every debtor depending on his or her particular circumstances. 

Seeking debt relief for credit card debt

Credit card debt can be one of the most daunting types of debt to overcome. Connecticut residents seeking debt relief understand how difficult it can be to get out from under thousands, and sometimes tens of thousands of of dollars in credit card debt. Thankfully, there are a variety of options available to individuals who find themselves deeply in debt, from debt management to Chapter 7 bankruptcy. 

Payday loans do not provide debt relief

It is not uncommon for people in Connecticut to find themselves short of cash with days to go before the next paycheck. Whether it happens because of poor planning or unforeseen circumstances, it is never a pleasant feeling. In fact, it may bring a sense of panic if there are bills left unpaid and necessities to purchase. While it may seem like temporary debt relief is better than none, some find themselves digging deeper into debt by using quick fix loans in times of desperation.

Sorting through advice for debt relief

Everyone has advice for dealing with life. An expectant mother may hear advice from total strangers, and someone heading off to college may feel crushed by the amount of advice offered. The same may be true for anyone struggling with debt. In many cases, those in Connecticut longing for debt relief may keep their problems secret to avoid the perceived judgment and well-meaning advice of others. For example, much financial advice centers around budgeting.

What to make of charged off debt?

If you learn that a troublesome debt is being charged off, you may be delighted with relief because the creditor is no longer chasing you down to pay that debt. While this may sometimes be the case, the obligation may still have a negative effect on your financial well-being.