How not to crumble under medical and credit card debts

On Behalf of | Dec 18, 2022 | Bankruptcy |

Many Tennessee households include family members who are struggling with adverse health issues at this time. Medical care is expensive, even under the best of circumstances when a person has good insurance. What often happens is that medical patients cover their expenses by using a credit card.  

Financial trouble arises, however, when payment cycles come full circle and they are not able to pay off the balance. If a payment or two are missed, it exacerbates the problem. Before you know it, a full-blown financial crisis has hit.  

Stay calm and explore your debt relief options 

It’s easy to fall into despair as medical and credit card debts continue to rise with no way of paying down the balance. It’s good to know that there are often debt relief options available. You might even be able to restructure your payment plans so that you can resolve debt in a way that is more feasible, given your current financial circumstances.  

It is helpful to ask someone with experience to review your case 

There are numerous types of debt relief programs, each having its own eligibility requirements. If you are unsure which type of program best fits your needs, you might consider seeking a consultation with an experienced bankruptcy law attorney. Richard Banks & Associates, in Tennessee, provides debt relief support to clients who may be worried about foreclosure or vehicle repossession and other issues associated with rising debt. You can schedule a meeting by using the contact form that is located on our website for your convenience.  


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