The lower credit card debt average can be attributed to multiple factors. However, many experts assert that consumers have reduced confidence in credit cards due to high unemployment and are far less likely to spend. People are more conscientious of their spending and are working hard to lower their debt to avoid foreclosure or filing for Chapter 7 bankruptcy.
Are you struggling with credit card debt and considering filing for Chapter 7 in Texas? If so, contact our practice and get reliable advice from a San Antonio bankruptcy attorney now!