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

February 2017 Archives

Payday loans hurt more than they help

Money struggles are an issue for many South Carolina residents. Living paycheck to paycheck simply seems to be the norm these days. What happens, though, when funds run out before the next payday? Quite a few people tend to turn to payday loans, but in the end find that they hurt more than they help.

What are the signs that it's time for debt relief?

The decision to file for bankruptcy does not often come easily. Someone in South Carolina may wait until all other options are exhausted, such as when the house is in foreclosure or his or her family is ready to fall apart, before realizing the benefits of bankruptcy. While everyone's situation is different, there are some signs that may help a person decide it may be time to consider whether Chapter 7 or Chapter 13 debt relief is the best option.

Chapter 7 bankruptcy offers a hopeful future

People who are facing financial hardships know what they are up against. They see the bills come month after month and hear the phone ring when creditors call. If money coming in is not enough to cover their bills, no one has to tell them they are in financial trouble. Those in South Carolina who are in this situation may be perfectly aware that bankruptcy is an option. In fact, the hardest part of Chapter 7 bankruptcy may be admitting that it is time to take the step.

Which chapter is right for you?

If you hear someone talking about chapter 13, chapter 11 or chapter 7, you might assume the topic is the latest novel on some bestseller list, right? However, if the conversation also includes words such as "creditors" "threat of foreclosure" or "debt relief," then it might not be books but various types of bankruptcy at the center of discussion. It's no secret that many South Carolina residents are among those throughout the nation who have been struggling to get back on their feet after serious economic crisis.

Columbia, South Carolina borrowers may avoid foreclosure

Falling behind on one's mortgage payment can create a snowball effect of debt piling on debt. Sometimes a medical emergency or other financial loss create a shortfall from which the homeowner simply cannot recover. Columbia, South Carolina residents may feel they have no options when they receive the letter from the mortgage holder saying that the foreclosure process is pending. However, there are alternatives that may bring relief to many.

Emotional spending may lead to credit card debt in South Carolina

Strong emotions, whether they are excitement or stress, seem to drive Americans to overspend. Almost half the people in the country admit to emotional spending. If someone in South Carolina is low on cash, it is common for him or her to pull out the credit card and charge whatever is desired. This may make a person feel better until the credit card debt becomes overwhelming.

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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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