Connecticut Credit Card Debt Relief Lawyers
Credit card bills are the most widespread form of debt in Connecticut and across America. Credit card debt has the highest interest rates of any form of consumer debt. This means it has the lowest ratio of principal reduction of any form of debt. As families begin to accumulate credit card debt, small amounts grow larger and minimum payments cause monthly hardship, which affects mortgages, car loans and other more important monthly payments.
Credit Card Debt Is The Worst Form Of Unsecured Debt
Credit card debt is the most common form of unsecured debt, and it is the type of debt that gets most people into serious financial trouble. When you cannot afford to make more than the minimum payment on credit card debt, it is time to consider the help of a qualified attorney who will meet with you in a confidential free consultation under the care of an experienced professional. Unsecured debt is one of the easiest forms of debt available, but unprofessional debt management or credit consolidation scams often make matters worse.
Credit card debt can quickly become a permanent drag on a family's monthly income each and every month for years, as even the smallest monthly necessities are charged on a credit card. This ultimately leads to unmanageable financial stresses to other portions of the family's monthly budget. Budget strain from monthly credit card payments causes missed mortgage payments, credit card reliance, further borrowing and other problems leading to lawsuits and home foreclosures.
True debt settlement and consolidation by local, committed professionals can be a valuable alternative to the bankruptcy process. However, it must be pursued by an experienced negotiator who has a comprehensive understanding of your budget and your family's entire financial picture.
Seek advice swiftly. Sometimes it's possible to avoid bankruptcy by acting quickly against mounting debt. However, bankruptcy is often the only solution if creditors have begun garnishing your wages, placing levies on accounts, attachments on property, or filed lawsuits against you.
Bankruptcy Offers A Fresh Financial Start
Chapter 7, Chapter 11 and Chapter 13 bankruptcy filings provide an automatic stay, which halts liens, levies, garnishments, lawsuits or collection actions. The bankruptcy filing also relieves you or your business of various types of unsecured debt.
At The Law Offices of Neil Crane, L.L.C., you will immediately speak with an experienced lawyer on the telephone for a free telephone conversation and free office consultation. We have offices in Hamden, Bridgeport, Waterbury, Rocky Hill and Ridgefield, and we are always available at 203-230-2233 or 888-249-3027 toll free.
Benefits of Discharging Unsecured Debt
Credit card debt has high interest and low principal payment. It stresses the family budget each month and is rarely ever reduced or eliminated. Credit card use leads to credit card dependence, as high interest credit cards are used for all family necessities like gas, groceries, and even the smallest of purchases. This is credit card dependence, and it quickly interferes with much more important car payments and mortgage payments.
Maintaining low debt-to-income ratios are essential to Connecticut middle class families, and most families cannot afford to lose any current monthly money to credit card debt for past purchases. Credit card debt is a permanent and unproductive form of debt. You can't drive it or live in it, and often, credit card payments can lead to car repossession and home foreclosures. Controlling or eliminating credit card debt is the key step to long-term financial health and home ownership in Connecticut.
Since 1983, we have been helping people just like you find the debt relief necessary to get their finances permanently back on track. A financial fresh start through bankruptcy allows you to completely discharge all unsecured debts (e.g., credit card debt). Debt discharge and bankruptcy can help you in several other ways, including:
- Discharging tax debt
- Freeing up money to pay off secured debt such as a mortgage loan or auto loan
- Helping you rebuild your credit score
- Placing an automatic stay on all collection actions
- Protecting other assets
- Removing tax liens and levies
- Stopping and preventing repossessions
- Stopping creditor harassment
- Stopping foreclosure
- Stopping unfair debt collection practices
We can protect your assets and the path to a financial fresh start through bankruptcy protection. We help you find the permanent debt relief you need with personalized legal help. With five different office locations throughout Connecticut, we are available to meet with you at your convenience to map out a plan for your best possible debt relief option and a successful financial future.
Contact Our Experienced Connecticut Bankruptcy Attorneys
Credit card debt relief as a part of your family's financial recovery through efficient, experienced and dedicated legal is a phone call away. Contact our offices today for free, prompt service and to speak with an experienced debt relief attorney.
Call 203-230-2233 or 888-249-3027 toll free to schedule a free initial consultation at The Law Offices of Neil Crane, L.L.C.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.