Reed Law Firm, P.A. - bankruptcy

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Florence: 843-536-0073

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Tips on cutting costs after bankruptcy

For those considering bankruptcy, you may be worried about the decision plummeting an already-suffering credit score into a hole you can't dig yourself out of. But bankruptcy is meant to help you get back on your feet and credit scores are subject to change.

Avoiding the trap of payday loans

A payday loan is a general term that refers to high-cost, short-term loans. These types of loans typically fall under the $500-range. You usually owe back the amount of that loan on your next payday. 

Eligibility for Chapter 13 and Chapter 7 is not guaranteed

South Carolina is by no means a stranger to the fluctuating economy to which other states in the nation are regularly exposed. Whether you've lived here for decades or are a newcomer to the state, you likely understand how challenging it can be to overcome significant financial problems when they arise. Perhaps you've already rebounded from such situations a time or two in the past. If so, the type of solution you chose may have greatly affected your outcome.  

Don't let temporary financial problems cost you your home

You may be one of many South Carolina residents who recently suffered a major financial setback due to loss of employment, medical emergency or some other unexpected situation. Then again, your spending habits may have simply gotten out of hand, which also often leads to serious financial crisis. In any event, many people have gone through similar experiences in the past.  

Is all your debt dischargeable?

Overcoming a serious financial crisis is definitely no small matter. Sometimes, it's simply a matter of adjusting your spending habits while other situations are not so easily rectified. Perhaps you've been considering bankruptcy as a debt relief option, which many people in South Carolina have filed for in the past to get things back on track when their finances got out of whack. Bankruptcy stays on your credit report for quite some time, which is one of the reasons some people hesitate to file. 

The connection between credit card debt and your love life

South Carolina readers know their finances can have an impact on various areas of life, including their relationships. Money and financial hardship can cause a significant strain on your relationship with your partner or your significant other, eventually causing a permanent and irreparable rift between the two of you.

Is the root of your health problems in your credit card debt?

Most Americans use credit cards, and many credit card holders have debt they carry over from month to month. While many people are able to effectively manage these balances, there are times this type of debt becomes unmanageable, leaving a South Carolina consumer struggling with minimum payments, accumulating interest and receiving calls from creditors. 

Which is better, Chapter 7 or Chapter 13 bankruptcy?

If you stepped into 2018 with serious financial problems, you are definitely not alone. In South Carolina and throughout the nation, many people are currently trying to overcome serious financial obstacles. For some, unexpected job loss or medical crisis quickly turned financial stability to chaos. On the other hand, you might simply be one of many whose spending got out of hand and credit card bills began piling up until your debt outweighed your financial resources. The good news is that most financial problems are temporary.

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Columbia Law Office
220 Stoneridge Drive, Suite 301
Columbia, SC 29210

Phone: 803-807-2565
Fax: 803-726-4887
Columbia Law Office Map

Florence Law Office
1807 West Evans Street, Suite B
Florence, SC 29501

Toll Free: 843-536-0073
Fax: 843-679-0667
Florence Law Office Map