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San Antonio Bankruptcy - Borrowing from one Credit Card to Pay Another

San Antonio Credit Card Debt & Bankruptcy

Credit Card Debt and Credit Card Debt & Bankruptcy are often heard together as is the phrase “borrowing from Peter to pay Paul”. If you apply that to credit card debt then it should be easy to realize that borrowing from one credit card to pay another is a quick path to bankruptcy. Borrowing from one credit card to pay another is usually a sign that you might want to consider your bankruptcy options. As San Antonio Bankruptcy Lawyers, we have helped thousands eliminate millions in credit card debt, and we may be able to help you. If you are reading this then you might be considering bankruptcy. As experienced San Antonio Bankruptcy Attorneys with offices in Austin, Houston, San Antonio, and Dallas, we can help you eliminate your credit card debt so you don’t have to borrow from one credit card to pay another credit card.

Chapter 7 Bankruptcy Can Get Rid of Credit Card Debts…

When a person files bankruptcy to eliminate credit card debt, it’s not because credit cards are necessarily bad, it’s usually due to their credit card debt getting out of control. Credit cards can sometimes seem like free money or easy money. The ease of credit cards use to borrow from one to pay another can make conditions worse for people in financial trouble. Credit card companies make it far too easy to transfer credit card balances which can influence those seriously in debt to make bad decisions. Credit cards can easily allow you to get into debt beyond your control when life’s problems come your way. Divorce, loss of employment, medical problems or illness, can impact you financially to the point where you turn to your credit cards to live on. The credit card companies make living on credit cards all too easy. You may have received credit card checks in the mail from the credit card company. Those checks which are tied to the credit cards can be used to pay for almost anything, which includes of course other credit cards. You can even write the checks for cash if you want to. It’s when you use credit card checks to pay the minimum on other credit cards, that’s a sign bankruptcy may be around the corner.

Credit card companies encourage you to spend more now and pay later because as long as you make your minimum payment it will all be ok. What making the minimum payment really does is make it much easier to sink further into debt. Credit Card offers that entice you to transfer your balance from one credit card to another can make many people indebted beyond their ability to ever entirely pay off their credit cards. Credit cards get people into financial trouble because credit cards are just so easy to use. By obtaining a cash advance on a credit card to pay another credit card, or transferring a balance from a credit card to pay another credit card, you are potentially heading for financial ruin. People with money problems will sometimes do things that aren’t always the best for them. Borrowing from one credit card to pay another is one of them. If you really stop for a moment and think about the phrase “Borrowing from one Credit Card to Pay Another”, you are borrowing from a “Credit Card” and incurring “Debt” to pay another “Credit Card” which is incurring more “Debt”. Adding to your debt by incurring new debt to keep up the old debt will make it so you never catch up. In fact, all of you debt will eventually catch up with you and will collapse. It is no wonder that one of the most basic images of getting rid of debt is cutting up your credit cards.

Chapter 7 Bankruptcy eliminates Credit Card Debt. Put another way, Chapter 7 Bankruptcy gets rid of Credit Card Debt. If you are eligible for Chapter 7 Bankruptcy then you can either get rid of your credit card debt. If you are eligible for Chapter 13 Bankruptcy, you can significantly reduce the amount of your credit card debt.

If you have fallen on difficult times and are living paycheck to paycheck, or don’t receive a paycheck because you lost your job, don’t add to the financial fire by borrowing from one credit card to pay another. This will most always make debt problems go from bad to worse. If you file for bankruptcy, a credit card company could make a case that you were insolvent when you started borrowing from one credit card to pay another. They could try to convince the Bankruptcy Court that you never intended on paying their credit card debt because you were broke when you incurred the debt.

The bottom line is that borrowing from one credit card to pay another is not the path to financial well being. It’s a path that leads to more debt. Don’t let credit card debt ruin your life.

Chapter 7 Bankruptcy can reduce or even eliminate your credit card debt, fines, and late fees. Many people think Chapter 7 is not available anymore because of the changes to the bankruptcy law, but that simply is not true. Many people will still qualify to file Chapter 7 bankruptcy.

Chapter 13 Bankruptcy allows you to reorganize your debt so you can pay it off over a longer period of time. It reduces or eliminates fines and late fees. Chapter 13 consumer bankruptcy makes your credit card debt more manageable as you work to pay it off.

Credit card debt is one of the primary motivating factors for people who file for bankruptcy. Filing bankruptcy to get rid of credit card debt can be a great way to start over financially. If you are eligible, bankruptcy is a debt relief option for credit card debt. If you are borrowing from one credit card to pay another, contact the San Antonio Bankruptcy Lawyers at R.J.Atkinson for a free initial consultation. We can answer your questions about Credit Cards and Bankruptcy and help you decide if bankruptcy is an option for you to eliminate your credit card debt.

Get Rid of Credit Card Debt… Bankruptcy Can Eliminate Credit Card Debts…

Contact the San Antonio Bankruptcy Lawyers: 210-805-9909

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San Antonio Bankruptcy Lawyer offer Affordable Bankruptcy & Debt Relief Services. San Antonio Bankruptcy Attorney provides Low Cost Bankruptcy & Discount Rates on Bankruptcy Attorney Fees serving San Antonio, Texas.

Bankruptcy Attorney Lawyer RJ Atkinson provides Chapter 7, 11, 12, 13, Affordable Bankruptcy Help & Discount Legal Services in San Antonio
Filing Bankruptcy can sometimes be the fastest way to get out of debt and may be the most affordable way to get a fresh financial start. Chapter 7 Bankruptcy can quickly wipe out your debts, increase your credit score, stop wage garnishments, get rid of credit card debt, eliminate medical bills, stop payday loans, stop bill collectors, erase negative credit reporting, and reestablish new credit after bankruptcy. RJ Atkinson, San Antonio Bankruptcy Lawyer has payment plans to make filing Chapter 7 or Chapter 13 Bankruptcy affordable which include low cost flat fees for Chapter 7 that may be considered the cheapest bankruptcy attorney fees compared to fees other bankruptcy lawyer charge. Chapter 13 Bankruptcy can save your home from foreclosure, save your car from repossession, lower monthly payments, reduce interest rates, get rid of late fees, reduce credit card interest, payoff high credit card debt, raise your credit score, stop creditor harassment, get rid of debt, reduce debt, eliminate creditor calls at work, stop collection calls, start over financially, discharge debts and/or be debt free in 3 to 5 years. IRS tax problems, tax levies, wage garnishments, back taxes, payroll taxes, income taxes can often be handled in Chapter 13 bankruptcy. Divorce/Bankruptcy – past due child support arrears, alimony, spousal support, and divorce debt can often be handled in chapter 13 bankruptcy. The Law Offices of RJ Atkinson handles debt consolidation, loan modifications, credit card debt settlement, debt negotiation, lawsuit defense, IRS problems, credit card lawsuits, TROs temporary restraining orders to foreclosure, forbearance agreements to foreclosure, FDCPA Fair Debt Collection Practices Act lawsuits, FCRA Fair Credit Reporting Act lawsuits, credit report disputes, debt collection lawsuits, adversary complaints in bankruptcy, bankruptcies, foreclosure workouts, mortgage short sales, real estate property tax disputes, civil litigation, commercial litigation, tax lawsuits, small business bankruptcy, corporate bankruptcy, business creditor representation, and most every kind of debt related issue or financially based legal problem on a case by case basis.

San Antonio Bankruptcy Attorney at RJ Atkinson handles Personal Bankruptcy, Business Bankruptcy cases and discount legal services in and around San Antonio TX Bexar County, as well as in New Braunfels, Cibolo, Comfort, Bandera, Boerne, Kerrville, Hondo, Castroville, Medina, Poteet ,Pleasanton, Lytle, Live Oak, Leon Valley, Jourdanton, Floresville, La Vernia, Nixon, Poth, Stockdale, Carpenter, Ingram, Hunt, Center Point, Selma, Seguin, Schertz, Helotes, Garden Ridge, Hill Country Village, Fredericksburg, Uvalde, Alamo Heights, Terrell Hills, Universal City, or in the counties of Atascosa, Bandera, Bexar, Comal, Dimmit, Edwards, Frio, Gonzales, Guadalupe, Karnes, Kendall, Kenney, Kerr, Maverick, Medina, Real, Terrell, Uvalde, Val Verde, Wilson, Zavala.
Pursuant to 11 U.S.C. §528, “We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.”
San Antonio Bankruptcy Lawyer 8000 I.H. 10 West, Suite 600, San Antonio, TX 78230-3868. Bankruptcy Phone: 210-805-9909