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Debt Relief Archives

Improving credit score as part of debt relief

Credit card debt is among the most insidious and tenacious forms of debt facing American citizens today. In Connecticut and elsewhere, many families and individuals are on the lookout for debt relief due to a high-interest balance on one or more credit cards. Of course, such balances can negatively affect credit scores, which in turn influence an individual or family's ability to secure additional loans, mortgages and other financial assets crucial to long-term stability. Thankfully, there are a variety of ways to improve a credit score, even after a Chapter 7 bankruptcy filing. 

Debt relief begins with understanding of debt

It is no secret that many American families struggle with debt. Credit card debt is particularly difficult to pay down, leading some Connecticut residents to seek debt relief options. However, before considering restructuring or bankruptcy, it is important to understand one of the foundational myths about credit cards and their impact on American lives.

Seeking debt relief from credit card debt

Credit card debt is among the most frustrating types of debt to pay down, as some American citizens can speak to from personal experience. Here in Connecticut, many families seek debt relief options to mitigate the weight of spending debt. Thankfully, there are a variety of strategies to help any family, from those with minor debt to those considering bankruptcy.

The link between credit cards and debt relief

Apart from student loans, credit card debt is one of the biggest sources of money owed by the American population. Here in Connecticut, individuals and households facing serious debt problems are constantly on the lookout for debt relief options. Interestingly, there are ways to leverage the very credit card that accrued the debt in the first place. Of course, for those with crippling debt problems, multiple other options are also available. 

Considering bankruptcy as debt relief solution

Many Americans struggle with debt. Here in Connecticut, families accrue debt through credit cards, mortgages, medical bills, school loans and more. For some of these households, this debt can quickly come insurmountable. Thankfully, there are a variety of debt relief options available to American families, including filing for bankruptcy protection voluntarily. 

Seeking debt relief through multiple means

Of all the debt issues that plague North Americans, credit card debt is among the most pervasive and persistent. Connecticut families understand the weight of this sort of debt, and they are always on the lookout for ways to put debt relief into practice. Thankfully, there are a variety of options available, from negotiating interest rates to Chapter 7 bankruptcy for more challenging situations. 

Bankruptcy as a useful tool of debt relief

For many Americans, debt can be a daunting and sometimes insurmountable obstacle in day-to-day life. Experts here in Connecticut and elsewhere often attribute debt problems to poor planning, but it is equally likely that a family could benefit from debt relief if they have incurred medical debt or other unsecured debt that could not be helped. Thankfully, there are a variety of forms of bankruptcy filing that can remove the specter of debt from a family's financial purview. 

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.