Anyone can be overwhelmed by debt, even a debt relief counselor!
On behalf of Bankruptcy Law Firm of Clare Casas on Friday, February 7, 2014.
Recently, a debt counselor published an article in which he explains how easily debt can spin out of control. The author considers that one of the most memorable moments in his life is the memory of the expression on his wife's face when he had to break the news that filing for bankruptcy was their only option. Although the author of the article knew the many pitfalls consumers all over America including Florida face, he found himself overwhelmed by debt.
According to the author, it started with the student loans he and his wife had to pay as newlyweds. They made poor decisions. It seemed so much easier to pay mostly by credit. Soon things spun out of control: buying expensive furniture on credit, regularly replacing cars and traveling locally and abroad.
Two pregnancies, one shortly after the other, led to mortgage payments and then higher mortgage payments. The two bedroom house gave way to an even bigger house to accommodate the growing family. So it continued.
The story told by the author is one many other American consumers face. It is so easy to become overwhelmed by debt when living beyond one's means, piling up credit card debt and falling behind on payments. Like this author, there comes a time when one has to take a hard look at the facts and make a conscious decision. For some consumers in Florida, bankruptcy protection may be the best option. An evaluation by an experienced legal representative may be the best way to determine the most beneficial path out of financial strife.
Source: The Week, I'm a debt counselor ??? and I went bankrupt, Dave Landry, Jan. 29, 2014