THIS is a common scenario. You’re in debt and you know that you need to do something about it because your financial situation continues to get worse month after month. You keep hoping that things will turn around for the better but things are not improving. As a matter of fact, they’re getting worse because your debt continues to grow. You start having sleepless nights and you can never relax even when you’re not working because you worry all the time about money.
You can barely make the minimum payments on your credit card bills every month. Your whole paycheck is gone the same day you get paid because you just wrote checks to pay the bills from last month and they’re already charging you late fees which keep adding to you debt. You’re sick and tired of playing “catch up”; perhaps you’ve even been tempted to use credit cards to pay other credit cards.  Is there a way out of this seemingly hopeless situation?
Yes, most likely there is. But if your finances need to change, it all starts with you. See, a lot of people already know what they need to do but like the proverbial ostrich burying its head in the sand, they pretend that everything is OK until one day they realize that they’ve made their situation worse by failing to take corrective action.
For example, I often wonder what goes through people’s minds when they apply for those (loan shark) payday loans that charge outrageous interest rates (so high you would think it’s criminal) when they’re already buried in credit card debt and they’re already “short” every payday as it is. They know full well that they will not be able to pay back the loan sharks and yet they continue to bite off more than they could chew. Out of desperation, I guess. When they’ve ran out of creditors to borrow from and their credit has been maxed out, they will accept any loan at whatever payment terms from anyone advertising on TV, the radio or the internet without even considering what they’re getting into and with no regard for the immediate consequences.
The truth is that you can’t borrow your way out of debt.  Trust me, a lot of people before you have already tried- and failed. What you need to do is to stop borrowing as soon as possible and to find a way to reduce or eliminate the debts you already have.
Sometimes, bankruptcy may be a solution although it’s not for everyone. Whatever the solution might be for you, my point is that you need to stop digging every month if you want to get out of the financial hole you’re already in. Sounds simple? Yes, it’s a simple first step but one that most people tend to ignore. Remember what they say: If your goal is to drain the swamp, it’s hard to do so when you’re up to your neck in alligators.
If you are struggling with debt, I want to help you figure out your best options. For a free consultation, call my office at Toll-Free 1-866-477-7772 and we will help you step by step in finding a solution that’s right for you. We have offices in Pasadena, Cerritos and Valencia.

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None of the information herein is intended to give legal advice for any specific situation.  Atty. Ray Bulaon has successfully helped thousands of clients in getting out of debt. For a free attorney evaluation of your situation, please call  Ray Bulaon Law Offices at  TOLL FREE 1 (866) 477-7772.  

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