A Family-Owned, Family-Focused Bankruptcy Firm

Credit Card Debt

Addressing high credit card debt

Excessive credit card debt can create problems for people trying to get their fiscal house into good shape. Unfortunately, Michigan residents may experience a job loss or unexpected and necessary living expenses that force them to borrow excessively. At some point, it...

Unsecured versus secured debt

Many Michigan residents carry some level of debt. Debt can be a dangerous thing, and having a comprehensive understanding of it can be crucial to your financial well-being. Many potential sources of debt exist, from mortgages and car loans to credit card debt and...

The credit card debt trap

Credit card companies offer consumers in Michigan and around the country revolving rather than installment debt. It is called revolving debt because the credit limit becomes available again after the balance is paid, which means consumers can borrow the same money...

Establishing credit without a credit card

Many Michigan residents have to face the challenges of living without at least one credit card. Moments between paydays and unexpected expenses like car repairs practically demand an additional income resource. It’s worth noting that the average American has a minimum...

What you need to know about credit card debt

There is a good chance that you have used a credit card to buy groceries, gas or furnishings for your Michigan home. Although access to consumer credit can provide you with financial flexibility, it can also saddle you with a balance that can be difficult to repay....

Strategies for paying off your credit card debt

If you have credit card debt, it's important to immediately take steps toward paying it off. Researching your options is the first step to take. Then, you choose what strategy works for your situation. Michigan allows creditors up to six years to collect debts,...