Reducing Your Credit Card Debt

It can be tempting to rely on credit cards for major purchases. They allow you to buy expensive items immediately, even if you do not currently have the money to pay for them. While this can be a useful tool if used appropriately, it can also cause you to become trapped in a dangerous spiral of debt.

Unfortunately, many Americans are struggling with more debts than they can reasonably repay. If this has happened to you, consider contacting the experienced New Orleans debt negotiation attorneys of the Law Office of David D. Kervin, Jr., LLC today to discuss your options. Call us today at 504-599-5906.

Paying Off Your Card

One way to begin to escape debt is to immediately cut back on all purchases except the bare necessities, and put any extra money you have towards paying off your credit cards. It is important to pay much more than the minimum payment each month to quickly pay off your card. By just paying the minimum, you may end up paying hundreds of dollars in interest over time. Instead, save as much money as you can each month and make a lump sum payment before each bill is due.

Also, consider contacting your credit card company and requesting an interest rate reduction. Many companies will agree to reduce the interest rate on your card by a few percentage points if you explain your situation and commit to making payments on time. The worst that the company can do is turn down your request.

How We Can Help

If your debt continues to grow and you are struggling to control it or pay it down, we can help. Our experienced debt negotiation lawyers can work with your creditors to determine the best course of action for paying back your debts. We will fight on your behalf to minimize penalties and interest rates, and may be able to reduce the total amount that you owe to creditors so that you can regain control of your financial situation.

Contact Us

For more information on debt negotiation and how we can help you with your legal financial issues, contact the New Orleans debt negotiation lawyers of the Law Office of David D. Kervin, Jr., LLC today at 504-599-5906.