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Managing credit card debt in times of unemployment

Posted on July 10th, 2015 No Comments

A June 23 article on NerdWallet offered four workable tips on managing credit card debt for individuals during times of unemployment. These include the following:

  • While looking for a new job, make sure to change your spending habits to stretch your funds.
  • Retain your contingency funds and savings, although make it a point to settle minimum credit card payments.
  • Get in touch with your credit card providers and tell them your situation, as you may be able to negotiate monthly payments that you can cover.
  • As much as possible, avoid financial assistance offered by credit cards, such as cash advances.

Though the following tips are worth considering for unemployed individuals for handling credit card debts, another option is by seeking legal help from a skilled lawyer. If you are currently struggling with overwhelming credit card debt in Cincinnati, get in touch with Ryan J. Ruehle Attorney at Law, LLC. Call our legal team today at (513) 621-0999 to find out how he may help you get your debt under control, so you can look to the future with a fresh start.

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