The holidays are a fun and relaxing time—at least until the bills come in. Even if you shopped on Black Friday to get the best deals, you may still find yourself overwhelmed by holiday expenses. At the start of the New Year, how can you eliminate debt and start fresh?
Go to a professional and make a plan.
Prime Bankruptcy by Bizar & Doyle is a trusted firm with the bankruptcy attorney Illinois residents need to solve their debt problems. We will help you consider all debt relief options, even if bankruptcy is not the right solution for you. We will become your advocate, talking to creditors so you will be able to meet monthly payments.
Here are additional steps we recommend you take to minimize your debt and help you pay it off faster:
Manage your credit card balance. Although we will fight for lower payments and interest rates on your credit cards, you may want to take advantage of balance transfers. Some credit card companies will let you move your balance to another credit card with lower or even 0% interest for a certain amount of time. This type of offer is more common at the start of the year. Make sure you can pay off what you owe before the interest rate changes dramatically.
- Put any extra funds toward your debt. Until your debt is gone, be more frugal with your income.Hold off on big purchases, look for sales and coupons for the items you need, and use gift money and bonuses to minimize your debt.
- Plan ahead for next year. The holidays will come around again, so set aside a little bit of money toward the end of the year for gifts and other purchases.
Let a Chicago bankruptcy attorney settle your debt and get you back on track. Contact Bizar & Doyle today at (888) 536-0213.