Credit Card Debt Reduction
Lawyers To Negotiate Settlements In New York
It goes without saying; the inability to make minimum payments on monthly
credit card bills is quite horrifying. And, why it wouldn't it be?
Delinquency has serious repercussions. Besides for negative credit reporting
and repetitive calls from debt collectors, a person that has stopped making
payments is also at risk of a
credit card lawsuit.
The good news is you can get help by hiring a lawyer. Our experienced attorneys
are adept at negotiating settlements to reduce credit card debt, but before
we offer our negotiations assistance, we will first analyze your situation
to help you determine whether your profile is a good fit for the settlement process.
For example, some of our credit card evaluation criteria is as follows:
What is the status of the debt? We only offer assistance to reduce debts that are already in default.
If you are on-time with your payments, you would not qualify to enroll
in the debt mitigation program with out law firm. Furthermore, if a lawsuit
was brought, you may need our assistance with debt defense, as opposed
to debt negotiation.
Do you acknowledge the claim? If you have a dispute regarding the validity of the balance, we suggest
you work to resolve the dispute prior to engaging in settlement negotiations.
Although the goal is to reduce the debt, this is not a recommended course
of action if you have genuine concerns as to whether the debt belongs to you.
Do you have funds available to make payments? We strive to negotiate deals that are within the client's budget. However,
before a client is offered our assistance, we evaluate whether the client
has access to funds to make an offer that our attorneys feel have a reasonable
chance of being accepted. Part of that calculation is looking at the credit
card balance, and comparing it to the funds available for settlement.
We also keep in mind prior results we've achieved for client's
with similar debts so we can make an informed decision as to whether a
client's debts can be negotiated.
After we’ve fully analyzed your situation, we facilitate you with
practical legal advice. Our legal team will review all of your options,
which may include
credit card bankruptcy, debt settlement, or credit report disputing. We can also review your
file to help determine potential violations under consumer laws such as
the FDCPA, and help pursue those claims. In addition, if a credit card
lender, a bank, or any other creditor sues you in court, our lawyers can
provide effective litigation defense services.
Reduce Your Credit Card Debt! Speak To Our Legal Team Today.
OR CALL: (888) 301-0584
Reasons People Accrue Credit Card Debts
According to a web story by The Nerd Wallet*, “The average household has $130,922 in debt out of which $15,762
is on credit cards.”
Well, many of you would identify yourself with this data as almost every
New Yorker owns a credit card today and has some debt running on it. A
fast fact from Debt.org* says: The average New Yorker owes an auto loan debt of $2,700—an
amount that’s well below the national average.
That being said, let’s quickly know major causes why one might fall
behind on credit cards and how the situation can be handled with the assistance
of a skilled legal advocate:
Loss of Job
At times, unexpected loss of job can also make it difficult for you to
pay your bills timely, the result being piling debts. So, instead of thinking
that’s it temporary, get your expenses in line with current status.
Almost every other person can identify with the word “divorce”
and needless to say it can surely put anyone in heavy debts, especially
if one spouse becomes substantially responsible for credit utilized during
the course of the marriage.
Reduced Income vs. Same Expenses
At times, people delay aligning expenses with reduction in income for a
good number of reasons and leave debts unfulfilled for the worst. The
earlier you get in tune with your current income/job status, whether it’s
permanent or temporary, the easier it will become to understand how to
best resolve your credit card debts.
Lapsed health policies, gaps in coverage, and growingly expensive alternatives
are a major reason why doctors want to be paid the same time the service
is provided and therefore accept credit card payments. This is just another
reason why so much debt is revolving on credit lines.
Gambling is something that can easily take your assets, even house from
you. Very addictive, irresistible, and easy availability of loans are
some factors that make it a major cause of credit-card debts. Gamblers,
and others, might also be tempted to tap into overdraft lines of credit,
or even cash advances with their credit card issuers, oftentimes with
high fees and interest that make the debt more challenging to repay .
Poor Money Management
There’s a high possibility that you might be spending a good amount
unnecessarily every month without being aware of it. Creating a clear
list of monthly expenses & income on a piece of paper can help provide
tremendous clarity as to your available budget to pay rent, necessities,
and credit card debts.
How Can We Help Reduce Credit Cards?
Our debt reduction lawyers have helped countless people settle their credit
cards with nearly every major bank, such as:
- American Express
- Capital One Bank
- Bank of America
- Discover Bank
- FIA Card Services
- Wells Fargo Bank
- Barclays Bank
- And many more...
Contact us at
877-717-0098 for a free evaluation and to learn how our New York attorneys can help
you negotiate reductions to your credit card debt.