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

Finding a balance to deal with credit card debt

Paying down debt can be extremely challenging, even for those of us with solid money acumen. South Carolina residents dealing with "bad debt" like credit card debt can find themselves fighting an uphill battle when it comes to seeing that debt paid down. Thankfully, there are a variety of tactics that can be used to tackle that debt, up to and including seeing some of it forgiven through a Chapter 7 personal bankruptcy filing.

But before bankruptcy is considered, why not try to pay the debt down in pieces? For some people, the best way to go about this is to address the credit card with the highest interest rate first. In some cases, it's possible to transfer that balance to a card with a lower interest rate, or to a card that is interest-free for the first year. In other cases, it just makes sense to tackle that card first because it's costing the most monthly.

For individuals who prefer to see a faster turnaround in terms of progress, dealing with the card that carries the lowest balance might be the way to go. Clearing debt on one card can feel like a triumph, which can motivate an individual to keep going. Of course, it really all depends on what works best for the individual. 

Dealing with credit card debt is vital to a South Carolina resident's financial stability. How each individual chooses to go about it is ultimately up to that person, but thankfully, support exist to help those struggling with debt to find ways to deal with it. Consolidation and bankruptcy are also options on the table, which can forgive debt for those who find themselves struggling under the weight.

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COLUMBIA OFFICE
220 Stoneridge Drive,
Suite 301
Columbia, SC 29210
Phone: 803-807-2565
Fax: 803-726-4887
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1807 West Evans Street,
Suite B
Florence, SC 29501
Phone: 843-679-0077
Fax: 843-679-0667
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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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