How to tackle Credit Card Debts Before filing for Bankruptcy?

In the present scenario, it is common to have credit cards. Taking loans over your credit card is quite obvious and this can sometimes land you in tough times ahead. Citizens opting to file for bankruptcy in California should take notice of this aspect as well. There are many queries that can crop up in your mind while using your credit card, just before filing for bankruptcy. The first one that takes space is:

"When should I stop paying my credit card debts?"

Well, the answer to the above is immediately. If you are making payments towards your credit card debts and simultaneously filing for bankruptcy, then you are doing no good to your money. In fact, you are just wasting the amount.

Wait, Wait..! There are some consequences that you should go through before considering to stop making your payments.

The first priority of a client is to get in touch with a bankruptcy lawyer in California. You should work out the details together with the prospective date of your filing the suit. This is important as every individual will not qualify for the same bankruptcy case. Some will have to qualify for Chapter 7 case first, or might have to decrease their payments if involved in a Chapter 13 case. Filing for bankruptcy within 30 days will have a less impact. Some might have to postpone their filing to eliminate a preference payment issue. So every case has its own dimensions and solutions. 

The second scenario is that if you miss one payment towards your credit card, then you can expect collection calls to start troubling you. Creditors will start making calls to each and every place, wherever they have a probability of finding you. Your lapse can be their gain and can cause additional trauma on your mind. The creditors know this and thus tend to create more pressure on you. Once you have filed for bankruptcy, these calls will stop automatically. 

Thirdly, your credit score gets damaged on your missing a payment. Filing for bankruptcy will do no good to your credit score either, but missing a payment can cause further damage. Some attorneys are of the opinion to stop making credit card payments for six months or longer on a trot until there's a legal judgement pending. Though bankruptcy puts a final stop to lawsuits, collection actions and discharging of the credit card debt, there is no relief from your previous shortcomings.

Lastly, you might not be interested in filing bankruptcy as time progresses. You might stop making the payments and later on change your mind. On doing so, you will have to face late payment fees, default interest rates and harassment. So, file your suit before you stop making the payments. 

Tackling credit card debts requires experience. So, you should get in touch with a California Bankruptcy Lawyer before taking any decision. Expert assistance is provided with reviews over your finances and solutions for delay in filing your bankruptcy.

Contact Attorneyforbankruptcy.com to hire professional bankruptcy lawyer in california. Here you may hire most exprienced tax relief lawyers and also get detailed information on debt consolidation in california