Whether once intended for emergencies or even for the rare impulse purchase, credit card debt may quickly overwhelm some consumers. For some Michigan families, it may seem as though they are constantly pulling their card out as unforeseen emergencies and events roll in. This can sometimes lead to overwhelming credit card debt that can seem impossible to rise above.

Some consumers may find it difficult to admit — or even realize — when they are in over their head with credit card debt. In some cases, people pick up extra hours at work or even snag second jobs just to cover their burgeoning credit card bill. Even with the extra paycheck, if a consumer is only making the minimum payment on that bill, they are doing little more than watching it grow before their eyes every month and paying just enough to keep the collectors from calling.

Another surefire sign that a person has more credit card debt than they can handle is that they just can’t stop swiping it. Even as balances build and new lines of credit are denied, it can be difficult to put the card down. Those overwhelmed by debt might find that so much of their monthly income is going straight toward paying down their balance, and they are left with no choice but to use their card for essentials — even groceries.

In the case of overwhelming credit card debt, Michigan families may want to give careful consideration to their options and own financial capabilities. For some, a detailed financial plan that includes timely payments to creditors might be a viable option. In some cases, filing for bankruptcy might be the best answer for relieving financial burdens by eliminating some of their debt and enabling them to move forward with a more secure financial footing.

Source: MSN Money, 11 signs you have too much credit card debt, No author, Jan. 7, 2014