King of Prussia, PA
Need financial relief in King of Prussia?
Our King of Prussia office is conveniently located off I-76 and US 422 between 1st Ave. and N. Gulph Rd. You’ll find us on Freedom Business Center Drive next door to 1st American Title Insurance Company.
From there, we help families throughout Montgomery County save their homes and finances from predatory lenders and overwhelming circumstances. Montgomery County has a high cost of living and a tough job market. Don’t think you’re alone. Many of your neighbors have already come to us, and have been happy with the results.
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What Problems Will a High Credit Card Balance Create?
The problems created by a high credit card balance are numerous and can seep into all aspects of one’s life. To start, a high credit card balance can quickly become unmanageable for an individual. While minimum payments may initially only amount to $30 to $50 a month, as the balance grows the payments will as well. If you happen to miss one or several payments, penalties may apply. These penalties can include missed payment fees and sky-high interest rates. Interest on high balance accounts accrues quickly. Once the balance reaches tens or even hundreds of thousands of dollars, the individual may endeavor to pay down the debt but only end up falling further and further behind. Needless to say, facing a debt situation of this type can feel like fighting through quicksand; the harder the individual fights to get out of debt, the further they nevertheless sink.
However, serious financial problems can exist even prior to the debt becoming unmanageable. While these problems may not yet warrant a bankruptcy filing, they are clear signs that the individual’s finances are moving in the wrong direction. For instance, simply carrying a revolving debt balance that approaches one’s credit limit can drag one’s credit score down. Similarly, multiple, maxed-out cards raise the temptation of “robbing Peter to pay Paul.” The financial gymnastics required to balance these competing creditors is anxiety inducing, stressful, and increases the likelihood of mistakes that may trigger harsh penalty provisions described above.
Perhaps the most distressing part of falling behind on credit cards and other debts for many people are the seemingly non-stop creditor and bill collector calls. These calls are often directed at your home, work, and any other location you are frequently present. Many individuals find these calls extremely embarrassing and simply want to make them stop.
You Should Not Try to Tackle Tough Creditors Alone
Your creditors have big teams of in-house lawyers. Meanwhile, if you try to represent yourself, you’ll be expected to have the same knowledge of the law, court proceedings, forms, legal writing, and case precedent as any other lawyer.
Bankruptcy is more than a form you fill out.
You haven’t had the benefit of law school. You’ve never spent time working under a more experienced lawyer. The practice of the law requires a post-graduate degree, vigorous testing, and practice with the guidance of other professionals before anyone can do it effectively.
For example, the Pennsylvania Eastern District Bankruptcy court is a federal court, rife with labyrinthine procedures and pitfalls. Do you really want to stand in front of a federal judge with the paperwork you printed off the internet?
The odds are never in your favor.
The truth is, very few people manage to defend themselves from foreclosure without the help of a lawyer. Most Chapter 7 cases don’t achieve a discharge without the help of a lawyer. And there hasn’t been a single Chapter 13 case that we know of that has ever successfully resolved itself without a lawyer.
We’re here for you, King of Prussia.
We know you’re nervous about paying a lawyer when you’ve already got financial problems. Who wouldn’t be?
That’s why we use flat rates and straightforward pricing you can understand. It’s not about how many hours we work, it’s about the representation we give you.
That’s why we offer free consultations and payment plans.
Take advantage of it! Call 24/7 to ask questions, set up your appointment, and find out what it will take to save your financial life.