Debt Relief Attorneys in Panama City Are Warning Clients of the Dangers of Credit Card Debt

Panama City, Fla – While credit card companies have been hesitant to file lawsuits on debts due to the coronavirus (COVID-19) pandemic, many of these companies have now begun pressuring for more lawsuits against borrowers. Last year, many people took on more credit card debt than ever as a result of the hardships caused by COVID-19. Debt relief attorneys in Panama City, Martin Lewis and Steven Jurnovoy, are warning their clients of the dangers of accumulating unpaid credit card debt.

Debts on credit cards can be a major warning sign of financial problems, even if the customer is making the minimum payments. Due to higher interest rates, credit card debt can be difficult and will take much longer to pay off by only making minimum payments. As debtors become unable to make these payments, credit card companies may file lawsuits against these debtors to recover the money they are owed. Legal judgments may allow them to garnish wages, bank accounts, or seize assets.

Recognizing the warning signs of potential financial troubles due to credit card debt is important for individuals working to pay off these kinds of debts. Luckily, for those who do find themselves in financial trouble, there are options to help. “Recognizing warning signs is the best way to know you need help and to visit a bankruptcy attorney to determine your options for getting out of your finical hole. If you are struggling the best time to call is now,” stated Steven Jurnovoy, an experienced bankruptcy attorney in Panama City.

The law offices of Lewis & Jurnovoy, P.A. are proud to be a highly trusted source for debt relief services in Panama City, Crestview, Pensacola, and Fort Walton Beach. The pair specializes in both Chapter 7 and Chapter 13 bankruptcy and is experienced in helping clients find financial relief options to meet their needs. For more information or for help managing the financial stress caused by credit card debt, give them a call at (850) 913-9110 or visit them online at www.lewisandjurnovoy.com.