Are you living the American Dream? It’s the place we all imagine exists, where if you work hard enough for long enough, you’ll get to enjoy financial freedom and make a better life for your family.
Most people aren’t living that dream, because they can’t afford it. They have too much debt.
Corporations and the government and even very well-meaning individuals preach that debt is just a part of life. But I don’t agree. As a bankruptcy lawyer in Memphis, I’ve come to realize debt isn’t natural – it’s poison.
Mortgage debt is one of the most common, followed by student loan debt and auto loans. And it’s completely understandable why people go into debt for these things. Who could live or work without a house and car? Isn’t education required for getting any decent job these days?
Then there are credit cards. Credit cards are like sirens, calling out to us, seducing us to get into more debt. They are a very effective, very dangerous trap.
Sometimes it’s true that debt is unavoidable. Medical debt often falls into this category, and if you’ve experienced an illness or job loss or other sudden problem, you know that debt can accrue by surprise.
But unexpected emergencies aren’t the reason so many of us go into debt. Instead, we believe the best way to get the American Dream is to borrow it on credit. Unfortunately, we find out too late that creditors and high interest rates have nothing to do with freedom.
My best advice on debt is not to spend money you don’t have. From used cars, to modest homes, to saying no to the latest gadget, sometimes we have to choose less in order to be happy. But I understand how hard that can be.
You might need to start over. I can help.
Contact me today to talk with a Memphis bankruptcy attorney for free about your situation. I even offer help to restore your credit. Let’s get you back to that American Dream.