Cincinnati Debt Reorganization Lawyer

Credit card debt is a big problem facing American consumers.

Credit is easy to get, and easy to use. Credit cards are becoming a more common method of payment all the time. E-commerce relies heavily on credit card payments.

In recent years, many utilities and services allow customers to make payments automatically with a credit card every month.

If you include the common purchases made every day with credit cards, it’s easy to see why credit card debt can get out of hand quickly.  However, there are options available to consumers who want to eliminate their debt through a bankruptcy attorney.

Credit cards can have between a 10% and 30% interest rate. If a debtor only makes minimum payments each month, a credit card debt of $3,000 can take up to 30 years to pay.  Late payments can result in late fees, an increase in that cards interest rate, and can even cause interest rates on other credit cards to increase.

All of these factors can turn a few credit card purchases into a major financial burden.

How A Bankruptcy Lawyer Can Help

You can help relieve their credit card debt by contacting a debt relief lawyer.

A debt relief lawyer can find a way to eliminate the crushing weight of credit card, and other debts.  The attorney can help clients decide whether the best option is to file for Chapter 13 bankruptcy, Chapter 7 bankruptcy, or find other ways to relieve your credit card debt.

Under a Chapter 13 a debtor can make regular payments, free of interest, without the risk of losing valued possessions.

Contact Our Legal Professionals Today

If you are drowning in credit card or other types of debt, call O’Connor, Acciani & Levy Co., LPA to speak with a debt relief lawyer today.  Our attorneys offer free consultations to answer your questions about debt relief, debt reorganization or bankruptcy.

The debt relief lawyers at O’Connor, Acciani and Levy can help you both eliminate your debt and keep your possessions.

You can also fill out our free, no-obligation bankruptcy evaluation to explore your options for debt relief.