Do You Have Unmanageable Credit Card Debt?
Millions of Americans are struggling with unmanageable credit card debt. There are a number of reasons why so many are in this untenable position. A very few have not been responsible in the use of their credit cards. Most, however, are in such a position due to factors beyond their control. With the national economy in a nose dive the first and most adversely affected are those who have had to use credit to survive. For some the loss of a job, a reduction in pay, and illness are contributing factors.
Credit card companies do not have “clean hands”. They charge interest rates that, in the not so distant past, would be considered “usury”, a violation of criminal statutes. In the “fine print” on the credit card application contracts they have inserted a contractual right for them to capriciously increase interest rates and charge onerous over limit and late cardholder starts falling behind on their payments, their financial situation quickly deteriorates. Many can never dig their way out. That is, they can’t do it without help.
Options for beleaguered credit card holders exist.
First
The credit card holder might choose to do nothing. Taking this path is folly. Credit card companies make money by collecting money owed them, and they will.
Second
A credit card holder might try to deal with the credit card companies directly. Most find that to be an unpleasant, unproductive experience.
Third
A credit card holder might consider bankruptcy. For some this might be the only answer. Most find that bankruptcy does not provide the relief they need.
Fourth
Some consumers choose to become involved in credit counseling services. Most credit card debt counseling is made up of companies who actually work for, and are paid by, the credit card companies. Whose side are they on?
Fifth
Most debtors select debt settlement or debt settlement negotiation. There are debt settlement pros and cons. When performed by a licensed professional attorney, skilled in debt relief settlement, debt relief by a debt settlement attorney is indeed a viable option. This attorney will negotiate with your creditors and give you the best credit card debt help available.
The credit card holder can get settlement for an amount that is substantially less than the outstanding balance, get repayment plans, and in some instances get forgiveness of all accrued interest and fees. By using an attorney rather than a debt settlement company, the consumer can get debt settlement services that are without the risk associated with the use of a debt settlement company.
Associated Attorneys, LLC will provide you with a qualified, experienced debt settlement attorney.
The attorney fee is very reasonable. The costs will be less than that charged by a debt settlement company. No retainer, upfront fees or hidden costs. Inquiries can be made at (866) 411-4693 or www.associatedattorneys.com.
About the Author: Melvin R. Singleterry, licensed practicing attorney, former judge and elected District Attorney, specializing in credit card debt negotiation and debt settlement. Owner and manager of Associated Attorneys, LLC.
Link to this page