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.
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.
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.
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.
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.
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.
Deep into the first month of the New Year, you may be pausing to see how your resolutions are coming along. Have you joined the gym yet? Is that closet organized? Are you connected with old friends? How about your finances?
You went to your doctor for your regular checkup. You were feeling run down but thought it was due to the stress of home and work life, then you got the news no one wants to hear. You have cancer. You've been fighting the good fight for a while now and it has left you physically and emotionally drained. It has also left you with some serious debt.
Perhaps you've consolidated all the bills you can; you cut back on expenses and even considered working with your creditors to settle your debts for a lower amount. You may have even looked into credit counseling agencies but decided against it after talking to other people and doing some research online.
If you have debt and need some relief, you may be curious about your bankruptcy options. There are two types of personal bankruptcies available to South Carolina residents: Chapter 7 and Chapter 13. If you are wanting to keep your property and have sufficient income to make some type of payment to your creditors, Chapter 13 may be right for you.