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Americans Still Suffering From Credit Card Debt

Published April 21, 2015 by Erin B. Shank, P.C.

Though Americans today are generally improving at managing credit card debt, a recent survey found that many are still seriously affected by large amounts of these debts, a KOMO News article stated on April 10.

The survey, which was released by the National Foundation for Credit Counseling, pointed out that at least one in every three household members cannot meet their monthly credit card debt balance. Those who are in trouble with such debts tend to roll over their balance to the following months, resulting in even higher debts due to interest rates. NFCC Communications Vice President Bruce McClary advised people to pay off their debts and not allow their them to roll over. Paying debts on time may result in increased savings, McClary added.

Facing overwhelming debt is often stressful and frustrating, especially if you believe that you are running out of options. If you are in such a situation, a skilled lawyer may be able to offer you workable legal solutions that can allow you to regain your financial security. Contact attorney  Erin B. Shank, P.C., in Waco today at (254) 296-1161 to learn more about your legal options.

erin b shank

I have been practicing exclusively bankruptcy law in Texas for almost 40 years. Unlike most other law firms, my firm is exclusively dedicated to helping individuals and small businesses find a way out of their financial difficulties through the use of our nation’s bankruptcy laws.

Associations & Awards
  • avvo
  • Preeminent Award | Erin B. Shank
  • Client Companion Award | Erin B. Shank
  • state bar of texas
  • avvo
  • state bar of texas
  • nacba
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