When you are having cash flow problems, the use of credit cards can quickly become addictive. You may find that you worry about not being able to pay all of your bills, so you use your credit card for everything that you can. Since it's technically not your money, using a credit card can lead to making impulse purchases. You may justify these purchases by convincing yourself that you will find the money to pay it off at some point in the future.
How can I stop using my credit cards?
What to consider before filing for medical bankruptcy
It's estimated that between 25% and 50% of all bankruptcies include a significant amount of medical debt. Those who are struggling financially may find that unexpected medical bills are the final straw that causes them to file for bankruptcy to clear all of their debt.
