Pelley Law Office LLP
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903-813-4778

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Credit Card Debt

Credit card debt haunts many families in the U.S. these days.  Once you incur the debt, it is very hard to pay off because of high interest rates, late payment fees, and other penalties.  For example, if you have $30,000 of credit card debt then it may seem like if you just paid $500 a month for 5 years you could pay it off.  Right?  Wrong. 

If you have an average interest rate of 20% on your cards then that is costing you $6,000 per year in interest.  There are 12 months in a year.  So, dividing $6,000 by 12 means that in that scenario you are being charged $500 per month in interest!

You do have options to help you relieve your debt problem.  Filing for a Chapter 7 or Chapter 13 bankruptcy can help you eliminate debt and stop the interest from continuing to accrue.  Also, you may want to consider your debt settlement or debt consolidation options.

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Office Locations

Plano office
Sherman office
Dallas office

Plano Office
1312 14th Street, Suite 100
Plano, Texas 75074

Phone: 972-608-0335
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Sherman Office
905 North Travis Street
Sherman, Texas 75090

Phone: 903-813-4778
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Dallas Office
6060 North Central Expressway, Suite 602
Dallas, Texas 75206

Phone: 214-733-1775
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