Bankruptcy doesn't have to be something bad.
It can actually be the start of something good.
Your situation is unique, and it's personal.
Your attorney should be as well.

Student Credit Cards

If you have ever wandered around a college campus near the beginning of the school year, you may have noticed a large number of student credit card booths posted up in various places. Many large financial institutions offer what are known as “student credit cards” to young adults who are attending college. These special credit cards allow students to build up credit without running a large risk of overspending.

Student Credit Card Restrictions

It can often be difficult to open up a new credit card account if you have no credit to begin with. Student accounts, however, are targeted toward those who have never before had the chance to build up credit. Often times, a low spending limit is placed on the account owner, so that he or she cannot buy more than can be feasibly paid off on time. Those who exceed their credit limits will face penalties in the form of fees.

Student credit cards also often come with high APR rates, which will affect those who do not pay off their bills in full at the time they are due. Typically, student APR rates start at around 16% and may be higher, depending on the card you select. You may be able to lower your APR after a few years of building good credit.

These low credit limits and high annual interest rates are in place in order to encourage account owners to be responsible in their spending and to pay their debts in a timely fashion. If you fail to do so, you will face high fees and interest payments that can be financially devastating.

Contact Us

If you have accrued debts that are too high for you to handle, then you may want to consider filing for bankruptcy. The Birmingham bankruptcy lawyers of Greenway Bankruptcy Law, LLC can help you assess your situation and determine the best course of action. To learn more, contact our offices today by dialing (205) 324-4000.

"When I had my power cut off because I just didn't have the money to pay the power bill, a friend suggested I call Paula Greenway. From the moment I walked in her office I felt like a burden was lifted from my shoulders."
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"I would just like to say that I was impressed by the staff of Greenway Bankruptcy Law, LLC and their attention to professionalism. They made the bankruptcy process not only pleasant but simple."
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I can't tell how comforting it is to know your attorney is working on your case. I would and have recommended their service to friend and associates."Ed H.
"I would like to thank Greenway Bankruptcy Law, LLC for the way in which they handled my bankruptcy case."
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Greenway Bankruptcy Law, LLC
505 20th St N #1220
Birmingham, AL, 35203
Phone: (205) 324-4000
Tuscaloosa: (205) 737-3350
Gadsden: (256) 467-6650

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Greenway Bankruptcy Law, LLC All rights reserved. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. The following language is required pursuant to Rule 7.2, Alabama Rules of Professional Conduct. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

Greenway Bankruptcy Law, LLC 505 20th St N #1220, Birmingham, AL, 35203 | Phone Number: (205) 324-4000 |  Directions | Paula Greenway+