Well, I received the following email subject line in my inbox last week, Looming Crisis’: NJ Courts Brace for Impact of 194,000 Eviction Cases by Next Year. The email was an article from the New Jersey Law Journal.
While I am not surprised, as I’ve been cautioning about riding the wave of government help and not seeking real help for your financial situation, it is a frightening statistic.
If you were living paycheck-to-paycheck, only able to pay the minimum balance on your credit card debt, and using credit cards to pay for your basic necessities before the pandemic, NOW is the time for you to talk to a professional. Don’t add eviction stress to the pile.
It Is Time To Act
Although I am a bankruptcy attorney – I don’t urge clients to file bankruptcy unless they must. I also help with debt settlement (the ethical version of debt consolidation), debt relief, and solving your debt problems.
Dealing with your financial woes is not shameful. Ensuring you and your family are financially secure is the smartest thing you can do.
Stop ignoring your debt – it will not go away on its own. Think about what is in your best interest in the long run.
Ask yourself these questions:
- Should all “extra” money be directed to paying off your debt?
- Should you incur new debt?
If you are uncomfortable with the amount of debt you have, and you may be facing eviction or loss of your home, you should halt spending and create a budget. Then think about your social contract – honestly, and without judging yourself.
Who comes first?
Who’s getting hurt if you continue to carry bad debt?
Who are you helping and… why?
Do you feel good right now?
Would you feel better if you did not have to struggle with making those minimum payments every month while the interest and fees keep building up?
It is time to think about what will really make you feel better…So make that budget. Figure out what you really have available at the end of each paycheck for the little extras. And figure out how to budget towards a fresh start. We can help you. Call us to schedule an appointment.