Credit card debt can impact every area of a person's life and finances. There are many solutions touted for those looking to take back control. However, Florida residents should know the difference between responsible and logical ways to handle overwhelming credit card debt and solutions that can result in deeper financial trouble.
Some credit card companies will dangle the enticing option of balance transfers as a means of getting a 0 percent interest rate to pay down a balance. Some of these offers are only for a short amount of time. This means failure to pay off the debt in the allotted special percentage offer time frame could result in deeper debt that is even more difficult to pay off. Car title loans are another option that can result in a lien on a car and even more debt.