Millions of Americans are facing mounting credit card debts. In the midst of the current economic crisis, credit card companies are becoming increasingly desperate to maintain a revenue stream. As a result, many of these companies are ratcheting up the seriousness of their collection efforts – not to mention minimum monthly payments and interest rates. Fortunately, there are a number of recent federal and state laws that have been enacted to protect consumers who are struggling financially. To obtain a clear understanding of the new laws and to determine how they might help to improve your financial situation, schedule a meeting with a credit card debt lawyer in your area. He or she can help you understand your legal options and evaluate whether bankruptcy or debt consolidation may be your best bet.