How To Get A Dreaded Debt Out Of The Way Through A Debt Relief Program

The ideal way to live is to always be free from any kind of debt

. However, that is not always the case as many a times, without realizing, people fall into the debt trap while paying loans, credit cards, medical bills and others. For solving this problem, a debt relief program has been designed by many law offices. Debt relief programs include relief from many different kinds of debt, such as mortgages, credit cards, medical bills, student loans and others. Prior to enrolling in the program, a confidential review of the case can be done free of cost.

If the debt is valid and one is unable to pay creditors due to any reason, the creditors have the right to collect the debt. Some creditors call on phone, some send business letters, and some may even file lawsuits. In case of a credit card lawsuit, where bills on credit cards have remained pending since long times, one can contact law offices in order to seek means of legal resolution. Credit card bills are some of the most difficult bills to pay, especially if one misses a couple of monthly payments. In such cases, late fees, over limit fees and interest charges can make one feel helpless. However, through experienced attorneys, it is possible to use techniques such as debt settlement, better money management, debt management and bankruptcy, to settle these debts.

Ideally, a bankruptcy should only be filed as a last resort for debt payment. One should consult an attorney before doing so, as there may be a few other options of settlement as well. Filing of bankruptcy also depends on certain eligibility criteria, based on which certain debtors can file Chapter 7 bankruptcy. This allows debtors to protect their non-exempt assets and valuable possessions from the creditors, and is also known as a fresh start bankruptcy.

Creditors fall under two basic categories- the original creditor (bank) that issues credit, and the debt collectors, who work on behalf of creditors to get the debts and earn a percentage of the returns. Creditors and debt collectors can be downright ruthless, to the point of being scary, while collecting debt. Once the individual's case has been taken up by a recognized attorney and he has enrolled into a debt relief program, it is illegal for creditors to directly contact those individuals by telephone. The law offices would notify creditors of legal representation within one day, and if creditors still continue to call, they might need to pay $1000 in damages, and attorney fees.

Not being able to pay a credit card is not the end of the world. One should not fall into depression, but treat this as a wake up call, to manage finances better, and not spend beyond one's means. However, if still unable to pay the debt, one can take the help of an attorney if a credit card lawsuit has been filed.

by: Abbey Hudson

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