Credit Card Debt Relief and Lawsuits
When a borrower takes out a credit card from a bank, certain promises are made. The bank promises to extend credit subject to terms, and the borrower promises to repay the credit every month. Unfortunately, if a borrower is unable to pay the account, the account goes into default. The bank may try to collect the loan, but it may choose to transfer the loan to a debt collector.
What You Need to Know
Debt collectors employ a number of strategies to try to get people to pay their debts. They make harassing phone calls and mail letters. They also sue people in district court. First, a creditor will file a complaint. Normally, the complaint is for breach of contract. The creditor gives a copy to the borrower, and the borrower now has a short period to respond. If they don’t respond, the court will enter a default judgment against the borrower.
Once a creditor has a judgment, it can take a number of steps that we do not like. It can bring you into court and ask probing questions under oath about your finances. If you ignore the court date, they can ask that you be arrested and brought into court. It can use the judgment to garnish your wages. It can also encumber your property by placing liens on your home, bank account, and car.
Options Are Available
You have options to overcome credit card debt. Bankruptcy prevents lawsuits, liens, and wage garnishment. It stops wage garnishment immediately and strips liens off of exempt property. It forces the creditor dismiss the lawsuit against you so that they can never bring you back to court.
Debt settlement is another way to resolve credit card debt. Attorney Weinkauf regularly negotiates settlements with creditors involving both lump sum payments to satisfy the debt in whole and payment plans to prevent further court action and reduce accumulated interest.
If you would like to learn more about credit card debt relief and credit card lawsuits in Massachusetts, contact Attorney Weinkauf to schedule a free consultation. We can answer any questions you might have about the options available for credit card debt relief and provide you with solutions that can help you to achieve financial freedom and take care of credit card debt for good.
Let Us Help You Resolve Financial Challenges
Our experienced team specializes in a wide range of legal matters, including asset protection, Chapter 13 bankruptcy, Chapter 7 bankruptcy, debt relief, foreclosure prevention, loan modification, short sales, wage garnishment, credit card debt relief, debt collector harassment, eliminating second mortgages, levy garnishment, rebuilding credit, debt settlement, lien release, repossession, tax matters, and family law, wills, and trusts. We understand the overwhelming challenges that financial difficulties can bring, and we are here to provide you with expert guidance and representation. Trust Attorney Logan Weinkauf to advocate for your rights and help you navigate through these complex legal processes with confidence.
In conclusion, Attorney Logan Weinkauf offers a comprehensive range of services aimed at providing effective solutions to your financial and legal challenges. Whether you are seeking asset protection, debt relief, foreclosure prevention, or assistance with tax matters, our experienced team is dedicated to guiding you through the complexities of bankruptcy law. We are committed to helping you regain control of your finances, protect your assets, and find the best possible resolutions for your unique situation. With Attorney Logan Weinkauf by your side, you can trust that your case will be handled with expertise, compassion, and a commitment to achieving your desired outcomes. Contact us today to schedule a consultation and take the first step towards a brighter financial future.
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You shouldn’t have to tackle all of the stress and frustration associated with these common individual and small business financial issues alone. Contact Attorney Weinkauf if you are facing serious financial trouble, and we will provide you with professional advice on what you can do to get out from under it all. Tell us about your concerns and the problems that you are facing, and we can explore your legal options together and find a solution that is right for you.
Logan Weinkauf has advised clients on creditor and debtor matters across many diverse areas of law, including corporate law, real estate, and family law issues in addition to bankruptcy. His experience puts him at the leading edge of debtor’s rights, asset protection, and litigation, working as a trusted advisor to individuals, families, entrepreneurs, and business owners throughout Massachusetts. Call 508-375-3878 to schedule a consultation today and take the first step toward financial freedom. Contact Us Today