Being suffocated by credit card debt isn't something that anyone intends to happen when they open a credit card account. For most people, getting a credit card probably fell into one of two categories: building credit or having it to use for emergencies. While there is nothing wrong with either of those categories, some people with credit cards might find themselves behind in payments.
Falling behind in payments likely isn't something that you planned. You might have lost your job thanks to the suffering Pennsylvania economy and then had to rely on the credit cards to provide you with basic necessities like shelter and food. You might have hit a rough patch with your health and had to use credit cards to get the medications and medical care you needed.
The common denominator here is that you didn't want to have to rely on credit cards, but now that you are behind, the credit card company doesn't want to hear your reasons. They only want payments.
If you are sitting here nodding in agreement, you might need help taking control of your credit card debt. The good news is that there are avenues available that can help you do just that. One avenue is bankruptcy. You can file for Chapter 7 or Chapter 13 bankruptcy, both of which are personal bankruptcy options, to help you with your credit card debt.
Because filing for bankruptcy isn't right for everyone, it is important that you learn how these options will affect you. Understanding the immediate and long-term effects of bankruptcy might help you to make an informed decision about how to take control of your finances.
Source: Joshua Z. Goldblum, Attorney at Law, "Philadelphia Credit Card Debt Attorney" Aug. 25, 2014