Many people who are loaded with debt often resort to taking out additional loans to pay off the original loans. These additional loans, however, typically come at a high price. 

If a debtor has a high credit score, then additional lines of credit will often include high interest payments. In the long run, this strategy can fail because creditors will stop lending and debtors will be left with an even larger pile of unpaid debts. 

If you or anyone you know has questions about your debt problems, contact the Austin bankruptcy lawyers of Slater Kennon LLP, at 512-338-1100.