If you have credit card debt that seems to keep growing, never seems to shrink, and the interest and late fees are out of control, you need help fast. Contact a Dallas credit card debt relief attorney to help you determine which of these options is in your best interests:
- Credit counseling
- Debt management plans
- Debt consolidation
- Debt settlement
You can get rid of credit card debt by filing for a Chapter 7 bankruptcy or a Chapter 13 bankruptcy. Unless your credit card debt is secured, the creditor does not have a lien on any of your property and cannot repossess any items, even if you fail to pay your credit card debt. Credit card debt is one of the primary reasons why people file for bankruptcy.
If you choose the bankruptcy option for dealing with debt, retain the advice and services of an experienced Dallas credit card debt relief attorney who can guide you through the bankruptcy process. Richard Weaver can help. When you file for bankruptcy, your creditors are prevented from harassing you or taking any further debt collection actions.
Credit Counseling and Debt Consolidation
Credit counseling is designed for those who are interested in re-evaluating their spending and saving habits while making monthly debt payments through a credit counseling service. Use caution; some counseling services are for-profit, so you could end up actually paying more. Debt consolidation is taking one loan to pay off your existing debts, thus leaving you with only a single monthly payment on the consolidation loan. This option will incur interest and require on-time monthly payments. Exercise caution in choosing a debt consolidation company. If it sounds too good to be true, it probably is. Watch out for companies offering low interest, easy credit, and guaranteed-to-qualify loans.
Debt settlement is a new approach to dealing with debt. You stop making payments to your creditors; the money that you would have paid goes into a savings account. Once you save the sum owed to your creditors, a negotiation for a reduced lump sum payment is arranged through a debt settlement company. You have a variety of options for dealing with credit card debt, but if your debts are overwhelming, let an experienced Dallas credit card debt relief attorney help you choose the option that’s right for you. If you struggle with debt in the Dallas-Fort Worth area, call Richard Weaver promptly at (817) 422-5929 or (214) 960-4125.