Bankruptcy Lawyer St Petersburg on Avoiding Credit Card Debt

June 2, 2016

At the Law Office of Michael A. Ziegler, bankruptcy lawyer St Petersburg, we serve a wide range of clients from various areas in Florida. As a top bankruptcy lawyer, and debt collection defense attorney, Michael A. Ziegler can represent your case and help you with collection harassment, debt litigation, and bankruptcy.

Avoiding Credit Card Debt

No matter what your income or where you are located, you can find yourself in debt unexpectedly. The shopping in St. Petersburg and Clearwater is equally tempting, and credit card debt is more common than you may think.

Since this debt is one of the main reasons you may end up needing a bankruptcy lawyer, it’s best to avoid the issue before it begins. Here are some inside tips on how to avoid credit card debt.

Bankruptcy Lawyer St Petersburg Tips to Avoid Credit Card Debt

The most obvious, of course, is not to purchase items you can’t afford. Try to only use your credit card for items that you could pay for in cash at the time of purchase, but prefer not to. This way you do not exceed your capability.

If this rule is too strict, at least follow the guideline to not purchase anything that you would not be able to pay off by the end of the month, while still paying your regular expenses.

Don’t miss your credit card payments– ever. If you keep up with your monthly credit card payments, it is much more difficult to wind up in credit card debt.

Not only does it honor the agreement you made with the credit card company, but it is a monthly reminder of the cost of your purchases. If you make this bill a priority and do not brush it aside, you will be thinking about paying the statement every time you make a purchase.

That way, the next time you are out to dinner in St. Petersburg, you’re not swiping your card for a bottle of wine to serve the table when you really should only be paying for a glass for yourself.

Cash advancements are one of the main culprits in credit card debt. The reason is that you shouldn’t need them if you are following the first rule. Never pay for items you can’t afford in cash- including the cash itself.

Pay attention also to rewards offered by credit card companies. Are you spending more than the value of the reward to earn the reward? Be aware of the gifting systems and how they work, and don’t spend more than you need to just to earn rewards.

If you do find that your balance is more than you can handle, contact a professional debt collection defense or bankruptcy lawyer immediately.

At the Law Office of Michael A. Ziegler, bankruptcy lawyer St Petersburg, we are experts at communicating with collection companies, and we know your rights and the compromises you may be entitled to. We can help you avoid more drastic steps and manage your debt if we are informed soon enough.

Don’t allow yourself to become a victim of credit card debt. Follow the advice in this article, and contact us as soon as you think you may be taking on more than you can handle.

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About the Author

Ziegler Diamond Law: Debt Fighters, provides effective legal services to consumers in Clearwater, Florida, and throughout the Tampa Bay area who are facing home foreclosure, unmanageable debts, debt collector harassment, or other debt-related problems.