Making purchases using credit is a fact of life for most people. It lets you have the things you want and need right away while saving your hard-earned cash for basic living costs. Sadly, the further you get into debt, the harder it is to keep up with your payments. When unexpected events happen in your life, it is easy to fall behind. As a bankruptcy lawyer in Oakland County, Karen E. Evangelista meets people in this situation every day. She provides real solutions when debts become overwhelming.
Finding yourself faced with large amounts of debt is frightening, especially if you are having trouble keeping up with your payments. It is important to know that you are not alone. A 2018 CNBC News report says that the average American has about $40,000 in outstanding debts. This number does not include housing-related costs.
Personal loan companies and credit card agencies may seem helpful by providing credit to clients. Loan companies lend you money so you can buy things right away. However, their reasons are purely financial. When you gather large amounts of debt, they make a profit. If you can’t pay them back, they make even more money through late fees and penalties. It can become an endless cycle where your balance keeps increasing, no matter how much you pay.
As an experienced bankruptcy lawyer in Oakland County, Karen E. Evangelista helps people stuck in the never-ending cycle of debt. She can guide you through your situation and erase unpaid bills on the following:
When people think of bankruptcy, they may feel uneasy. Often, their first thought is that bankruptcy will ruin their credit. The fact is that having large amounts of unpaid debts and falling behind on payments has likely already taken a heavy toll on your credit rating. Filing for bankruptcy may dismiss certain debts, like credit card debt. Bankruptcy can provide the fresh start you need.
Available to Oakland County residents through the Eastern District of Michigan Bankruptcy Court, bankruptcy provides a solution for honest people who find themselves facing unexpected situations. It can help rebuild your financial security when you experience any of the following:
Let our bankruptcy lawyer in Oakland County advise you on the options available for eliminating debts. To request a consultation, contact the office of Karen E. Evangelista today.