Did you know that getting too many credit cards is risk-taking even if you say you plan on not using them? One of the biggest reasons why people drown in debt is because they use way too many credit cards even if they know how to manage debt, don’t be one of those type of people. If you’re organized and have less than 3 credit cards, you pay your credit card debts, bills, mortgage, or student loans on time then you are on the right track to avoiding bankruptcy. You can apply to all the credit cards you want but keep in mind that you must have self-control when spending and calculate your spending limit according to your income to avoid excessive spending that you will not be able to pay off in time.
Paying bills on time is the most important part of avoiding bankruptcy! Not only does you credit score decrease tremendously but you’re walking towards the edge of the cliff that leads you to bankruptcy. Take a step back by contacting our Personal Bankruptcy Lawyer to assist you in calculating your income to match up with what you need to pay every month, how you can reduce your money spending, how to avoid your credit from going from good to bad, and much more!
Many people aren’t aware that just because they have money saved in the bank means they can afford expensive clothing or to spend their money on variety things. Having multiple credit cards open the doors to excessive spending! Did you know that having too many credit cards can put you at greater risk of credit card fraud? Our Personal Bankruptcy Lawyer is able to help you out in handling your spending through the income you receive and to avoid applying for credit cards as many possible. The reason why many people get credit cards is to extend their time to pay off their debt, to have more money to spend then owe it later, boost your credit score, to receive cash back, and much more. It’s important to be careful because all these benefits seem attractive but if you’re not receiving enough income then you’ll just drown in the sea of debt. Our Personal Bankruptcy Lawyer will help you create an emergency fund to prepare yourself for any sudden spending you have to do. At Law Offices of Andres Montejo, we guarantee that you will walk out knowing the ways of avoiding bankruptcy, and to turn around from the path leading to bankruptcy.
Too much spending, having multiple credit cards, not paying your bills on time can all lead to bankruptcy! Learn how to manage your spending habits, contact our Personal Bankruptcy Lawyer today! Call Andres Montejo Law at (305) 817-8533 or click here to make an appointment.