If you are one of many who has received offers for zero-interest credit cards, you may be asking yourself if opening one would help or harm you in the long run. Typically, these cards allow you to make credit card purchases without paying interest for a predetermined amount of time, after which you must start paying interest.
You and your family have been struggling with finances for a while. You are unable to make your credit card payments, creditors are constantly calling you and now your house is being threatened with foreclosure. The prospect of bankruptcy has concerned you for some time, but you could never bring yourself to file for it.
Debt comes from all corners of life. Often, it’s payment on the interest or a loan that is not related to your current situation. When your financial situation is on the brink, you sell off items or get rid of extra costs—maybe the car that you’re still trying to pay off. Unfortunately, some loans still ask for money even after the collateral is gone.