Credit Card Debt Relief Attorney in San Diego, California
If you are feeling overwhelmed and need to lower your credit card debt, contact us for a FREE consultation to learn more about how our debt relief services can help you. We help many of our clients nationwide save money and get out of credit card debt with debt settlement. Find out how to get out of debt without bankruptcy. Many Americans can only afford to make the minimum payment on their credit cards. Once you get caught in that trap, your monthly statement will tell you your grim future. If the A.P.R. on your credit card is 18%, you will likely pay back about twice what you owe and depending on how high the balance, you could be paying for 20 years before the full debt is paid off. To see if you qualify to reduce your credit card debt fast, then contact us for a FREE Debt Consultation.
The profits the banks make are maddening. The banks love it when you only pay the minimum due. You are their best friend. But, what happens if you miss a payment? The banks slap you with their penalty rate of 29.99%. Now, your already difficult minimum payment just jumped higher and the length of time to pay off this debt just doubled. And your old best friend, the credit card company? They fight dirty, putting you into collections and starting the repetitive robo-calls to your house and employer, or even taking you to court.
Resolve your credit card debt problems with debt relief services from attorney Jonathan Haskett.
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Contact a debt relief attorney now for credit card debt help. Serving consumers nationwide with offices in San Diego and Los Angeles, California”
What Are My Options For Credit Card Debt
While bankruptcy is always a last resort, there are other options for credit card debt.
Consolidate Debt: If you have several debts carrying high interest rates, you might consider debt consolidation. This arrangement involves taking out a new loan, the funds from which go toward paying down the other accounts. The end result is that you’re paying just one bill instead of several and you might be able to negotiate a lower interest rate and reduce monthly payments. However, consolidating doesn’t reduce the total amount you owe.
Hardship Programs: Some lenders are willing to negotiate a new payment plan if you qualify for a hardship program. If you have a long-term illness, a disability preventing you from working or a military deployment, some companies may be willing to work with you to lower payments or allow you to suspend them. You’ll need proof to support your claim for a hardship in order for a company to approve the arrangement.
Debt Settlement: A debt settlement is when a consumer negotiates with their creditor (the credit card company) to reduce the overall amount of debt that you owe. Once your overall debt amount is reduced, then you pay it off in a lump sum or over a short-term payment plan. Credit card debt settlement is a good choice if you have more debt than you can pay off in a 2-3 year period or if you have experienced a significant financial hardship that has caused you to fall behind on your monthly payments.
Why Would A Credit Card Company Agree To a Debt Settlement?
It’s no big secret that banks are in the business of making money. Especially when they get a consumer stuck in the cycle of paying the minimum monthly payment, resulting in a small principal pay down. But, once you stop paying the minimum, they lose their income and debt settlement allows them a way out, since the banks can now claim your account as a loss. They then use the losses to offset other profits and reap the benefit of creative bookkeeping. The banks would rather get some of the debt you owe them than to have you declare bankruptcy and receive nothing. Besides, settling your debt means no more costly legal court battles.
Can I Negotiate A Debt Settlement On My Own?
Credit card debt settlement contains no “secret sauce” formula. If you owe a small amount to one or two creditors you could talk to them to settle your accounts yourself. However, if you owe significantly more money, you should consult an experienced debt settlement attorney. It’s often difficult to determine what defines a good settlement. Should you disclose your financials? Is the offer you receive the best you’re going to get? What makes this a valid offer? Does it need to be in writing? Is the written offer valid and binding on all parties? Hiring an experienced and knowledgeable credit card debt relief attorney will relieve you of the stress of dealing with this situation on your own. Imagine the relief you will feel knowing that an experienced credit card debt relief attorney will handle all of the negotiations, finalize all of the settlements and create a plan to fund these settlements.
Why Us For A Credit Card Debt Settlement?
At The Debt Settlement Lawyer we have successfully saved our clients thousands of dollars in credit card debt through debt settlements. Through a debt settlement, our firm negotiates aggressively with your creditors to reduce the total amount that you will pay back. Oftentimes, we can cut your debt in half or more. Call San Diego debt relief attorney Jonathan at 844-729-4866 for a free consultation to go over your credit card debt options.
To learn more about debt settlement, visit our FAQ page
Credit Card Debt Settlement Success Stories
- A consumer owed Citibank in excess of $14,000. After sending several letters to various departments of Citi’s collection departments, they agreed to take the balance down to $0.00. That’s a 100% savings! This was the final account this consumer and he is now heading into retirement debt free!
- A young lady owed Bank of America $11,134.27. After explaining her significant hardships, Bank of America offered to settle the matter for $3,000.00. She paid approximately 27% of the amount owed, saving a little over $8,000.00 on this account.
- Another consumer owed Capital One in excess of $10,000. His debt settlement lawyer negotiated the balance down by 50%, with up to 24 months to pay off the balance of the settlement.
Resources for Credit Card Debt:
Credit card debt help to set you on the path to financial freedom. Knowing how to properly use a credit card is the key to responsibly managing your credit. Become more familiar with credit related topics to enhance your knowledge of how credit affects you and your financial life. Below are some credit card debt articles & more! For more information on credit card debt relief, credit card debt settlement and other types of debt solutions, contact our office for a free debt consultation to see how we can help!
- Blog Posts On Credit Card Debt Relief – get various tips to help with credit card debt and using credit cards wisely.
- Additional Resources For Credit Card Debt – videos, articles, SlideShares and more focusing on credit card debt help!