More than a year in, the pandemic continues to impact the financial health of millions of Americans. One of the biggest worries for many right now is coronavirus-related credit card debt. According to a CreditCards.com poll, 51% of U.S. adults have added to their credit card debt during the pandemic so far. With stay-at-home orders in many states and a slow vaccine rollout, that number is likely to grow before the economy recovers.
This is not a case of Americans being irresponsible; it’s a national crisis.
Though the vaccine is starting to be distributed and there’s light at the end of the tunnel, our lives and our workplaces continue to be affected. Many folks have taken a reduction in income or lost their jobs altogether. It’s no wonder so many of us have had to rely on credit cards to make ends meet.
In financially distressing times, credit cards are one of the easiest ways to access cash. And too many Americans don’t have the safety net to endure a crisis of this magnitude. Even before COVID-19 hit, 80% of Americans were living paycheck to paycheck. Many are not prepared for an unexpected bill of even $400, let alone months or a year of unemployment.
But there’s no need to feel ashamed about debt, especially now. Your coronavirus-related credit card debt is not a reflection of poor choices, it’s a reflection of survival.
There is a way out of your credit card debt. Permanently.
Bankruptcy is a powerful tool designed to give you lasting debt relief. It has the power to take away the constant worry about how to pay your bills, and allows you to begin again with a clean financial slate.
Many people find renewed hope about their financial future after filing for bankruptcy. It completely wipes away all dischargeable debt, including credit card balances, medical bills, and more — those particular types of debt that can easily worsen during these circumstances.
Completing the process of filing for bankruptcy can happen as fast as you want it to – even in a matter of days. But it’s important to have an experienced bankruptcy lawyer who knows the law and can make the process as smooth and easy as possible.
I’ve helped thousands of folks get out of credit card debt and I can do the same for you.
If you’re one of the millions of Americans who has incurred significant credit card debt during the pandemic, don’t despair. Here at Darrell Castle & Associates, PLLC, we are offering a FREE consultation, no strings attached.
Call us today at (901) 327-2100 or contact us online. We can help you make a plan for your specific situation, and restore a sense of hope.
Getting out of debt, even in this trying time, is possible. We can help ease the load.