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  • Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
    --Donna
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
    --David
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
    --Anonymous
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
    --Anonymous
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
    --Joanna
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.
    --Danielle

Credit Card Debt Facts

As we begin a New Year, many people look back to what happened over the course of last year. When considering a major source of consumer debt for Americans, credit card debt, 2017 saw a dramatic increase in credit card spending. As of October 2017, the Federal Reserve announces that the average credit card debt per U.S. household was $8,308, which surmounts to a whopping $1.011 trillion in total credit card debt. This surpasses the previous record set in April 2008 and is the highest amount of credit card debt Americans have ever seen. So will the trend continue or will 2018 see a drop in the amount of consumer debt that Americans are carrying?

Credit Card Debt Facts

  • Here are a few things you should know about credit card debt in the U.S.:
  • 70% of Americans were reported to have at least one credit card.
  • Of the individuals that have a credit card, 38% reported that they are currently carrying a balance on their credit card.
  • The average household pays a total of $904 in interest on their unsecured, revolving credit per year.
  • Four major spending categories have outpaced income growth over the last 10 years and they are medical expenses, food and beverages, housing, and “other expenses”.
  • More retailers and businesses are expected to launch their own credit cards in 2018.

Paying Down Credit Card Debt

The best possible way to tackle credit card debt is to make more than your minimum monthly payment each month. If you are only making the minimum payment, interest continues to acquire and creates a situation where you are never able to get your balance back down to zero. Another way to pay down your debt is to try the no credit card for 30 days challenge. This works well for people who have a habit of spending on everyday items using their credit card. Instead of pulling out the plastic, take out enough cash to match your budget for everyday expenditures such as gas, food, etc. This will not only draw more attention to how much you spend but once it’s gone you can’t spend money you don’t have. This plan also works two-fold as it prevents you from accruing additional credit card debt.

If you aren’t able to begin 2018 on solid financial footing consult with an Auburn bankruptcy lawyer about your debt problems. We can help you develop a strategy for getting back on track.

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