Wednesday, April 22, 2015

Behind On Your Bills In Georgia? King & King Can Help.

When your bills pile up, so does the stress. This can be even more frustrating if you have been making all your payments on time in the past. You may find yourself in this situation due to a job loss, a sudden unexpected expense, or health reasons. Whatever the reason, you may be able to get your finances back under control. Here are a few tips:

1. Create a priority list
First step, prioritize your bills. The essential bills on top, entertainment towards the bottom. Try not to leave anything out; rank them in terms of importance. Clear these bills one by one before you decide to spend a dime anywhere else.

2. Don’t run away from your creditors
When you have too many bills to pay, avoiding your creditors may seem like an easy way to deal with them. However, ignoring calls from your creditors will not make them go away. Try calling your creditors and explaining the situation you’re in. They may actually give you more time to pay your debts.

3. Reduce your expenses
This may be tougher than it sounds. If you have any extras you can trim for your expenses, now is the time to do it, even if that means canceling Netflix. Every dollar counts when restructuring your budget.

If your bills have become uncontrollable, bankruptcy may be an option. King and King can help; call our office at 404-524-6400 for a free consultation today.