Call Now!
Call Us 414-326-9231 608-260-7133 Text Us 414-326-4709

What your credit cards say about your financial standing (1 of 2)

In this day in age, credit cards are convenient as well as easy to obtain. But just because you qualify for multiple credit cards and high credit lines doesn’t mean you should use them. In fact, one of the biggest reasons Americans file for bankruptcy is because of credit card debt that spun out of control.

Is your credit card spending driving you to bankruptcy court? Here are a few questions to ask yourself:

Do you rely on your credit cards to pay for your monthly expenses? Credit cards should be reserved for real emergencies such as a vehicle breakdown or an unforeseen medical procedure. Using credit cards merely to get by on a month-to-month basis without paying the balance off each month means that you are living beyond your means. If your credit card debt continues to pile up, you could soon end up with debt you cannot afford to pay back.

Do you know how much you currently owe on each of your credit cards? According to a spokesperson for a national nonprofit that provides financial counseling, one of the biggest mistakes people make is being afraid to see their financial standing for what it is. If you don’t know how much you owe on your credit cards, chances are that you are buying your head in the sand instead of facing your debt head on.

Check back later this week for the third question to ask yourself in effort to determine if your credit card spending could be driving you to bankruptcy or worse.

Source: Daily Finance, “10 Signs You Are Headed Toward Financial Ruin,” Ellen Chang, Sept. 19, 2014 

No Comments

Leave a comment
Comment Information
Email Us For A Response

Free Case Evaluation

* indicates required field

Miller & Miller Law, LLC
  • VISA
  • Master Cards
  • Discover
Milwaukee Office map Madison Office map Kenosha Office map

633 W Wisconsin Ave, Suite 500
Milwaukee, WI 53203

Toll Free: 866-678-9352
Phone: 414-326-9231
Phone: 414-312-6581
Fax: 414-277-1303
Milwaukee Office

2810 Crossroads Drive
Suite 4001
Madison, WI 53718

Toll Free: 866-678-9352
Phone: 414-326-9231
Phone: 608-260-7133
Madison Office

6123 Green Bay Road
Suite 210
Kenosha, WI 53142

Toll Free: 866-678-9352
Phone: 414-326-9231
Phone: 262-326-1669
Kenosha Office

Appleton Office
4321 W. College Ave.
Suite 200
Appleton, WI 54914

Toll Free: 866-678-9352
Phone: 414-326-9231
Phone: 920-280-3838
Appleton Office

Brookfield Office
200 S. Executive Drive
Suite 101
Brookfield, WI 53005

Toll Free: 866-678-9352
Phone: 414-326-9231
Phone: 262-261-0665
Brookfield Office

Glendale Office
6333 N. Green Bay Avenue
Glendale, WI 53209

Toll Free: 866-678-9352
Phone: 414-326-9231
Phone: 414-973-8662
Glendale Office

Fax: 414-277-1303 - We also have offices in Appleton, Glendale and Brookfield to better serve you.