How to stop debt problems from getting worse

ARE debt problems making your life a living hell?  Doing your best to pay but creditors just won’t leave you alone?  Maybe you get nervous every time the phone rings or get scared to death just opening your mailbox, fearful of what you may find. Deep inside, you know that you can’t continue to live your life like this, don’t you?
You’re probably discouraged and feel like the only person on the planet going through your current problems.  Maybe you’re embarrassed to talk to others because of what they may say.  However, the reality is that you are not alone.  A lot of people face a financial crisis at one time or another in life.  Usually, the crisis seems overwhelming and a lot of people are either embarrassed to seek help or they become crippled with fear.  But more often than not, this situation can be overcome.  Yes, most debt problems do end- and life will go on.  What is also true is that your current financial situation does not have to go from bad to worse, unless you let it happen.
If you are currently in financial hot water, you’re probably wondering what options are available.  Well, the answer depends on the types of debts you are faced with and your level of commitment in finding a solution. I would like to suggest 2 steps you can take right now that can help you get right back on track.  These steps may be surprisingly simple but it’s amazing how a lot of people tend to overlook them in the process of dealing with their problems.
Stop Creating New Debts- If you had a deep, life-threatening wound and were bleeding profusely, what must you do first so you don’t bleed to death? I am sure you know the answer. You need to stop the bleeding until help arrives!  This may sound like common sense but believe it or not, a lot of people overlook the simplicity of this important first step in getting out of debt.  Stopping the bleeding means that you should refrain from creating new debts if you are already up to your neck in existing debts!  A lot of people also seem to think that they could simply borrow their way out of debt. So what do you think most of them do?  That’s right!  They use credit cards to pay other credit card debts hoping that somehow, they can survive until next pay day.  This is simply foolish and will only put you deeper in the debt hole.
Seek Legal Help- Finding out what your legal options are before things get worse is smart planning.  This is especially true if you have significant assets at stake such as a family home, money in the bank, other real property, etc.  I am often puzzled as to why people wait until the last minute to see a lawyer to find out what they can do legally to protect themselves.  For example, the other day, someone came to our office and told us that a creditor had levied on his bank account which contained his life savings of about $12,000.  Apparently, this creditor had been after him for some time for an unpaid credit card balance.  The creditor sued and obtained a money judgment. In other words, he saw this coming but never took any action to stop it. Unfortunately, it was too late to protect his life savings.  Had he come to me much earlier, I would have been able to help him protect what he considered to be the only savings and retirement money he had.
The worst thing you can do when you are in debt is to pretend that your problems don’t exist.  See, it is impossible to regain control of your situation as long as you remain “reactive” to things that happen to you.  What you need to do is to be “pro-active” instead and get back into the driver’s seat before your life spins out of control.
If you need help in figuring out your debt solution options, please call Toll-Free 1-888-752-8211 or (661) 775-4880 and let us review your situation. 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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