Lancaster Financial Stress Lawyers
Millions of Americans are coping with financial stress, and they don’t even know it. However, one day, they might wake up and realize that they have absolutely no way to pay their bills. Sadly, many people will feel paralyzed. At Wadhwani & Shanfeld, our Lancaster bankruptcy attorneys have helped thousands of people relieve financial stress by discharging debts in bankruptcy. This might be an option for you. Below, we highlight the most common symptoms of financial stress and encourage you to be proactive in addressing them.
Red Flags for Financial Stress
If you notice any of the following, you could be in financial distress:
1. You are living paycheck to paycheck. This means you have absolutely no money left over at the end of the month, so you never have any money saved. Once you pay for shelter, food, clothing, and transportation, there is nothing left. We sympathize. However, this is a big red flag that your finances are stretched to the max.
2. You have no emergency savings. Savings help cushion the blow caused by your car breaking down or having your hours reduced at work. Very few Americans have enough money saved to pay even $500 without using a credit card.
3. You must use credit cards to pay your monthly bills. This is a surefire sign that you are living beyond your means. If you are using a credit card for groceries, gas, or medical care and not paying the balance off at the end of the month, then you are in debt.
4. You are receiving calls from collection agents. This means you have defaulted on certain debts and collection agents are using aggressive tactics to get you to pay.
5. You think about money all the time. Money problems have a way of dominating our thoughts. If you lie awake at night thinking about debt—or if every conversation you have revolves around money—then you are feeling financial stress.
6. Money fears make you sick. It’s very easy to become physically ill when worried about money. The mind and body are connected in ways doctors are still trying to untangle. More than one person feeling financial stress has literally felt sick to their stomachs.
7. You take out a payday loan. These are some of the worst loans to take because the interest rate is very high. Most people only go to a payday lender when they have absolutely no way to pay a pressing bill, like their mortgage. But taking this kind of loan only will put you further behind.
Take Control of Your Finances—Contact Our Law Firm Today
Bankruptcy is an attractive option for many people feeling distress. It is possible to eliminate some of the worst debts—credit cards, payday loans, and medical debt—in as little as 4 months. Sadly, some people are too embarrassed to file because they don’t want anyone to know they have fallen on hard times. At Wadhwani & Shanfeld we can describe the process in a confidential consultation and, if hired, begin filling out your bankruptcy forms. Call our Lancaster symptoms of financial stress attorney to get started.
