Reed Law Firm, P.A. is a federally designated debt relief agency. We proudly help people file for bankruptcy relief under the U.S. Bankruptcy Code.
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Giving You Hope For a Debt-Free Future

SOUTH CAROLINA
BANKRUPTCY ATTORNEY

Credit card debt is manageable with support

Whether the result of bad spending or situations beyond the control of the individual, it is clear that certain types of debt can be debilitating -- to say the least. Credit card debt is something of an epidemic here in South Carolina and across the nation, and it is pushing many individuals into difficult times. Thankfully, options exist to help those individuals discharge their debt and put themselves back on track towards a healthy financial life.

Many people have heard of debt restructuring, which is the act of rearranging debt and consolidating outstanding obligations to aid in paying them off, often at a lower interest rate. Debt settlement is also an option attractive to some individuals, as it offers the possibility to reach an agreement with a creditor to pay off an amount somewhat less than what was owed. However, these options are complicated and deserve further research before being attempted.

Chapter 7 bankruptcy is also an option available to those struggling with credit card debt. A Chapter 7 filing allows individuals to make use of physical assets to pay off debt through liquidation, which can help bring down or even eliminate outstanding debts. Filing for Chapter 7 bankruptcy typically results in the formal discharge of many -- if not all -- of a consumer's financial obligations.

For those in South Carolina suffering under a load of credit card debt they can no longer afford, help is available. Seeking out support and educating oneself about the options listed above is a good first step toward achieving financial security. It is important to remember, no matter what route an individual takes, it is not the end of the financial road. Rather, it is the beginning of a more stable one.

Source: nasdaq.com, "6 Ways to Get Credit Card Debt Help", , May 31, 2014

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Reed Law Firm, P.A.
220 Stoneridge Drive,
Suite 301

Columbia, SC 29210

Phone: 803-726-4888
Fax: 803-726-4887
Columbia Law Office Map

Reed Law Firm, P.A.
1807 West Evans Street,
Suite B

Florence, SC 29501

Phone: 843-679-0077
Fax: 843-679-0667
Florence Law Office Map

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