Stop! Don’t Send Your Tax Refund to the Credit Card Company!

The holidays are over. The bills have come in and now what? You usually get an income tax refund about this time every year. You can pay the holiday bills with that money, right? You can, but why would you?

Let’s Look at the Math

Let’s estimate that you carry at least $20,000 in credit card balances and that your income tax refund is $3,000.

You can send all of the refund to the credit card companies, and they will thank you, but it barely puts a dent in your overall debt.

• The Reality: You are still paying at least 12% interest on $17,000 of debt.

The Smarter Alternative

In the alternative, let’s use that $3,000 to hire a competent bankruptcy attorney.

Instead of making a small dent, this investment allows you to eliminate your credit card, on-line loan, and medical debt permanently.

The Result: A True Fresh Start

By choosing this path:

• Start Fresh: You start fresh with no high interest rates.
• Break the Cycle: You can save for holiday celebrations all year so you don’t have to go into debt to have fun.
• Benefit Yourself: You are debt-free and you used your income tax refund for your benefit, not for the benefit of lenders (most of whom you have paid off several times over with the interest they have charged you over the years).

Make your refund count. Contact Moseman Law Office to discuss how to use your tax refund to secure your financial freedom.