Being in over your head with credit card debt can feel embarrassing and overwhelming, which is why many people stay in a state of denial. They may push financial worries out of their minds while continuing to spend money they don’t have. These individuals may even find themselves lying to friends or loved ones because they don’t want to face the reality of their financial situation.

The good news is that there is help available for people facing serious credit card debt. One option is to file for Chapter 7 or Chapter 13 bankruptcy. In fact, credit card debt is one of the primary reasons Americans choose to file for bankruptcy. Although it is often a choice of last resort, bankruptcy can offer individuals who are overwhelmed by credit card debt a fresh start.

Are you someone who is facing insurmountable credit card debt? Here are a few signs that you may be in over your head and talking to a bankruptcy lawyer may be a good idea:

  • You are afraid to check the outstanding balances on your credit cards.
  • Your credit cards have high interest rates making repayment extremely difficult or downright impossible.
  • You only make the minimum payment on your balance or no payment at all.
  • You have maxed out at least one credit card.
  • You live paycheck-to-paycheck and depend on credit to barely get by.

If these scenarios sound familiar, you may want to pick up the phone and call a bankruptcy lawyer in your area who can discuss the pros and cons of filing for bankruptcy with you. When filing for bankruptcy, it’s important to file in the best way for your own unique circumstances, which is why it’s essential to have an experienced lawyer on your side.

Source: MSN, “11 signs you have too much credit card debt,” MSN Money Partner, Jan. 7, 2014