With all of the problems going on in the U.S. now, with temporary government shutdowns, jobs folding up, corporate mergers which push people out of jobs, it is easy to see how things can turn financially sour for an individual or family quickly. Are you or someone you know in such a fix that your debt has become an incredible onus upon your back? There is relief for your burdens. A debt settlement attorney in Chicago, Illinois offers help by telling you how to avoid getting into the overwhelming debt problem to begin with. With the complexity of making large purchases and trying to maintain certain lifestyles, avoiding debt of some kind is almost impossible. There is nothing wrong with debt; everyone will experience some measure of it if whether they are buying a house or a new car. The problem is when the debt gets out of control. Try these tips:
- Don’t have a credit card if you at all avoid it. Some have credit cards for emergencies, but unless you have exceptional self-control, it is hard to resist the temptation to use it otherwise.
- If you can pay cash for your items or wait until you have saved enough cash, that is the best way to use your finances. Avoid getting a loan if possible.
- Pay your bills on time and avoid late fees and interest charges that will add up.
- Learn to discipline yourself, create and stay on a budget. It is said that most people in huge debt are so because they live beyond their means.
These are just a few tips to help you avoid the monster called excessive debt. LakeLaw, the law office located in Chicago, Illinois wants to help you in case you end up in high debt, in a state of foreclosure or on the verge of bankruptcy. The law office is experienced in personal bankruptcy, business bankruptcy, mortgage foreclosures, loan modifications, trustee and fiduciary. LakeLaw is recognized for excellence in bankruptcy issues. The practice serves customers and clients not just in Chicago and Cook County, but also Lake County, Racine County, Waukesha County and also practices fiduciary law in the State of Wisconsin. For a debt consolidation attorney in Chicago contact LakeLaw in the office or log on to the website.