Eliminate Credit Card Debt

LOUISVILLE BANKRUPTCY ATTORNEY

Credit Card Debt Relief

Credit card debt can quickly accumulate, before you realize that you lack the means to pay back the debt. This mounting debt can lead to steep interest charges, calls from creditors and more. When your credit card debt becomes insurmountable, the bankruptcy attorneys at O’Bryan Law Offices can explore your options. Assisting individuals and families across Kentucky and Indiana for the past 30 years, we provide the knowledgeable, tailored strategy you need to find credit card debt relief.

How to Get Out of Credit Card Debt

When you find yourself unable to make even minimum payments and receiving constant credit harassment calls, it may be time to consider your options.

You may have several options to relieve yourself of overwhelming credit card debt:

  • File for Chapter 7 bankruptcy. 
  • File for Chapter 13 bankruptcy. 
  • Consolidate your debt. 
  • Pursue debt settlement. 
  • Pay it off. 

Filing for bankruptcy may seem unsettling. However, it may be the right option to help you start fresh. We will discuss the options available for your unique situation.

Credit Card Debt FAQ

Credit card debt is bad debt. This is because of the high interest rates, low minimum payments, and the debt isn't used to buy appreciating assets, typically. Although credit card use is typical, having debt that you cannot pay in the foreseeable future is not. At O'Bryan Law Offices, we offer free consultations and solutions to help you pay off your credit card debt. 

Paying off credit card debts is an option. However, when you struggle to meet the minimum payment, paying it off in full can be a long and expensive process. If you're struggling to pay off your credit card debt and believe bankruptcy may be a better option, you may want to take advantage of a free consultation with an experienced bankruptcy attorney.

If you have multiple credit cards with varying interest rates, consolidating your debts can potentially save money and keep you organized. There are several ways to consolidate credit card debt including combining multiple debt balances into one new loan or entering into a debt management program. And, this is likely to raise your credit in the long term if you pay off the debt. 

This is essentially an agreement with your creditor to pay a slightly reduced amount of what you owe to settle the debt, rather than not pay at all. Settling credit card debt pays off for both parties. You'll want to talk to an experienced bankruptcy attorney to know your timeline and goal. They can also help you negotiate agreements with your creditor.

Chapter 7 is one of the most common types of bankruptcy. It can discharge your unsecured debts, which typically includes credit card debt.

When you have income and assets, Chapter 13 can allow for a partial reduction of unsecured debts and workable payment plan.

Consult With Our Skilled Lawyers

Our attorneys have over 50 years of combined experience. We prioritize financial literacy, consistently ensuring our clients fully understand their options, the potential impact of their decisions and bankruptcy myths. As a testament to this commitment, founding attorney Julie O’Bryan is board-certified in consumer bankruptcy, a distinction that only a few across Kentucky hold.

When finding a way out of your credit card debt seems impossible, we can identify a path to financial independence. Contact us to schedule a free initial consultation. We have offices in Louisville, Frankfort and New Albany. Call us at 502-400-4020 or contact us online.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.