Louisiana consumers may be in a position where they are unable to manage their balances, particularly those for credit cards. Many use these cards for everything from everyday purchases to paying for medical expenses, and it’s easy for the overall balances to reach a point where full payments are no longer possible. There are several options for a consumer to deal with credit card debt, including balance transfer credit cards.

Balance transfer credit cards allow a consumer to move his or her credit card balances to this card. It is often an attractive option because of lower interest rates and the ability to make fewer payments, but they can also come with unexpected costs as well. There may be fees associated with moving balances to the new card.

There are some balances transfer cards that do not come with fees, but like other types of credit cards, there may be surprises hidden in the fine print of the credit agreement. This is why quick fixes for certain types of debt are not always effective. They may even result in more financial setbacks and unpaid balances.

When a Louisiana consumer is struggling with credit card debt, it may be helpful to first learn about the benefits of consumer bankruptcy. Chapter 7 bankruptcy allows for the discharge of certain types of unsecured balances, including those associated with credit card debt. An assessment of the case can allow a potential applicant to see if this is most beneficial way forward for his or her situation.