Alternatives to Credit Cards
The 2010 U.S. Census Bureau reported that Americans have a total of $866 billion in credit card debt. The total amount of U.S. credit card debt is projected to reach $1.77 trillion – a 36 percent increase – by the next year. And even though credit cards can be useful for many everyday purchases and in emergencies if used responsibly, they can be severely damaging for many people’s lives if individuals are not responsible about their use.
For some individuals, unsecured credit card debt may lead to financial issues that may be solved only by filing for bankruptcy. At Eric N. Klein & Associates, P.A., our team of West Palm Beach bankruptcy attorneys is dedicated to getting you out of your financial crisis so you can have a fresh start on life. To schedule a free consultation with a qualified attorney, don’t hesitate to call us today at 561-353-2800 and take control of your future.
Credit Card Options
The average American family has at least $5,100 in credit card debt. That number is only expected to go up in the next year. Many Americans are unaware they have alternative options to credit cards. Some options are:
- Debit Cards – debit cards take money from your checking account. You can only spend as much money as you have in your account.
- Prepaid Credit Cards – allows users to put money on the card to use.
- Credit Union Cards – these cards typically have significantly lower fees or penalties if you miss a payment.
Contact Us
You are not alone in this financial crisis. You may want to consider filing for bankruptcy to eliminate certain credit card and other debts so you can take control of your finances. To discuss your legal options with a professional legal representative, contact the West Palm Beach bankruptcy lawyers of Eric N. Klein & Associates, P.A., today at 561-353-2800.
