You have always been good with money, but over the recent year, you’ve found that you’ve been putting more and more onto your credit cards. You want nicer things, and since you make plenty of money, you only think about debt in terms of how long it will take to pay it off once you stop charging items.

Unfortunately, you couldn’t have predicted that you’d suddenly lose your job. An economic downturn in your industry led to significant cuts, and you weren’t someone they felt was essential.

This isn’t an unusual situation, and it’s one that you can handle with grace. Fortunately, there are many options for someone like you.

Credit debt: A norm in America

Every state has a different average amount of credit debt per household. As of March 2019, American consumers were carrying a shocking $1.003 trillion in debt on their credit cards. Per household, that averages out to around $5,700. With interest rates that can be anywhere from 16 to 30%, it is no surprise that many people have a hard time paying down what they owe, especially if they suddenly have a cut in their wages.

Florida has an average debt per household of $8,444, higher than the U.S. median. If that sounds like you, then it’s not a surprise that you may wonder how you’ll pay back what you owe. This can be $300 a month or more just for a minimum payment.

If you’re struggling with debt, the time to act is before you find yourself in real financial trouble. Your attorney can talk to you about debt relief options, bankruptcy and other ways that you can get back into control of your finances and back on track.