High interest rates on several credit cards could make it difficult to pay any of them off, particularly if you are stuck making the minimum payments on each. Getting out of debt in Florida may seem impossible at that pace, but transferring all the balances to a single card with a 0 percent interest annual percentage rate could be a solution.
When you fall behind on your payments and your creditors begin garnishing your wages in Florida, you may consider getting a second job to try to keep up with your living expenses. However, adding another income source does not necessarily mean that you will be bringing all of that money home. At the Law Offices of George Castrataro, P.A., our team understands that federal and state laws are not always sufficient to protect the income you need to live on.
Increases in the cost of living in Florida without corresponding increases in your salary can put you in trouble quickly. Using a credit card to keep up could strain your finances further. If at some point you decide to file for Chapter 7 bankruptcy and get relief from your debt, you must first prove that you are eligible through the means test.