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October 2016 Archives

Credit card payoff strategies

When South Carolina residents become overwhelmed with credit card debt, they will often begin to look for strategies for managing their financial situation. Because most people want to meet their obligations and pay down their balances, these consumers will often consider one of two popular strategies.

Mandatory pre-bankruptcy credit and financial counseling

The rules dealing with personal bankruptcy filings changed in 2005 when Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act, and South Carolina debtors must now obtain two certificates. The first certificate is granted after petitioners have participated in pre-filing credit counseling sessions, and the second is received after the filing and before a discharge is granted. The latter course covers a variety of budgeting and financial topics.

Strategies that help seniors pay down credit card debt

Senior citizens in South Carolina often live on fixed incomes while attempting to pay off credit card balances. The National Council on Aging reported that credit card bills worry seniors almost as much as medical bills and utilities. To reduce their debts, financial experts recommend paying the bills with the highest interest rates first and avoiding late fees.

The Huggins Law Firm, PA

Columbia Office
1812 Lincoln Street
Suite 201
Columbia, SC 29201

Phone: 803-764-1558
Fax: 803-764-1563
Columbia Bankruptcy Office

Columbia Office

Charleston Office
925-D Wappoo Road
Charleston, SC 29407

Phone: 843-509-0039
Fax: 866-481-2325
Map & Directions

Charleston Office