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

September 2017 Archives

Student loan debt overwhelming for some in South Carolina

The current debt that the Millennial generation carries is likely heavier than most people realize. However much of that debt is in the form of student loans, which are typically not able to be discharged through bankruptcy. However, bankruptcy can still be an effective approach for South Carolina residents who are facing insurmountable debt, even if that means freeing up the funds to put toward ongoing student loan payments.

Making the tough choice to file for Chapter 13 bankruptcy

Making the decision to file for bankruptcy is not an easy one. This decision likely came after significant financial difficulties, calls and threats from debt collectors, and other struggles. If you believe that bankruptcy is the right choice for your individual situation, you will then have to decide if Chapter 7 or Chapter 13 is the best option. 

Credit card debt carries heavy burden in South Carolina

Credit cards often seem like a lifeline when people in South Carolina have trouble making ends meet. While lines of credit can be invaluable tools for building a credit report or making sure there is food on the table, they can also impose a heavy burden. As household debt recently hit a record high, some economists worry that more consumers might be struggling with staggering monthly bills.

Medical debt reform might not be helpful for South Carolina

Becoming sick, injured or otherwise unwell is an inevitability of life for many people in South Carolina. Although health insurance can help defray the high cost of seeking care, copays and payments from the insurance company usually fail to address the total bill. Indeed, many of the individuals who seek the help of a seasoned medical debt attorney are covered by health insurance, but still struggle with the final cost of their health care treatment. While various credit bureaus are reforming how they report medical debt, some of those who are truly in need of help will not be affected.

Ways to manage credit card debt

Many households in South Carolina and around the country use credit cards as part of their overall financial resources. If used properly, they can be a valuable tool in a family's budget. However, many consumers accumulate a large amount of credit card debt by paying only the minimum due each month. Unfortunately, unless action is taken to break this cycle, the debt will continue to grow. Financial experts suggest several tactics for reducing or eliminating credit card debt.

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Reed Law Firm, P.A.
220 Stoneridge Drive,
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Columbia, SC 29210

Phone: 803-726-4888
Fax: 803-726-4887
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Reed Law Firm, P.A.
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Florence, SC 29501

Phone: 843-679-0077
Fax: 843-679-0667
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