Some people think they are doing OK by only paying the minimum credit card payment each month. While it’s true that this will keep a person current each month, it also means that a debtor will pay the maximum amount of interest possible. If they are able, a debtor should pay as much as possible towards a credit card in order to minimize these interest charges. As a Missouri debt lawyer, I know that it is easy for a person who is only making minimum payments on their credit card to fall into serious debt trouble.
For instance, if a person has a $5,000 credit card balance, their minimum payment each month is 1% of their balance plus interest. Their minimum payment in the first month is $125. Assuming they only made the minimum payment each month, it would take 273 months to pay off their card. In total, they would pay $6,923 in interest on top of their balance.
This shows just how easy it can be to fall into debt problems. A person might think they are doing alright without realizing just how much it is costing them. Suddenly, an unexpected illness or job loss happens and they have no extra money. When this happens, a bankruptcy lawyer can help get your debt problems under control and help with get your life back.
At Westbrook Law Group, we have helped many clients discharge debt in Chapter 7 or reorganize debt under Chapter 13. We will find the right solution for your debt problems and can help keep important assets while getting your debt under control. To learn more about how we can help with your debt issues, call (636) 486-1122 or fill out the online case evaluation.
We know reducing credit card debt is a huge priority for you. We also know you want to get back to normal life, and the quickest way to do that is to rebuild your credit score as quickly as possible. We searched high and low for the best credit education program available to our clients. After testing the program (720 Credit Score), we learned that people who have been through 720CreditScore.com’s credit program, are usually able to transform their credit scores within 24 months of declaring bankruptcy.
With this kind of result, we decided to make this program available to every single one of our bankruptcy clients FOR FREE!
The credit education program usually costs $1000.00 for enrollment. However, in order to give as much value to our clients as possible, and to set them up for ultimate financial success in the future, we enroll ALL of our bankruptcy clients into the program at no charge.
“Brent Westbrook and his associates were wonderful…they helped me through a very difficult process, and I would highly recommend them.”
Rating: 5/5 ⭐⭐⭐⭐⭐
February 8, 2021
Read more of our 152+ reviews on Google!
Westbrook Law Group is here to help you move toward a brighter financial future. Our rates are reasonable and we will work with you to find a payment structure that meets your needs. We understand that our clients are facing financial difficulties and are flexible in our fees. Your initial consultation will be free of charge and you will meet directly with an experienced credit card debt attorney in St. Charles or Troy, MO who will evaluate your case and let you know what course of action would be best for you. To help our clients rebuild credit after bankruptcy, we offer 720CreditScore‘s credit program to all our clients free of charge! To schedule a free consultation, call us today at (636) 486-1122 or fill out our online case evaluation form, and a member of our staff will be in touch with you shortly.