Concluding our blog series Settling Credit Card Debt: 6 Facts to Know, below we will wrap up this discussion by pointing out some final important facts to know when it comes to settling credit card debt.
Final Important Facts about Settling Credit Card Debt…
Fact 5 – There are alternatives to settling credit card debt you may want to consider first.
As appealing as settling credit card debt may seem, you should be aware of the fact that this is NOT the only debt relief option you have. In fact, some of the alternatives to settling credit card debt can include (but are not necessarily exclusive to):
- Contacting the credit card companies yourself – Before you pay a company to help you with settling credit card debt, why not try contacting the creditor yourself to see if you can make any headway without having to pay more money. With this, it’s key to be polite, persistent and calm. Explaining your situation can go a long way, and creditors tend to be more open to settling credit card debt when you can pay some portion of that debt back in the near future.
- Working with credit counselors – For some people, credit counseling (rather than debt settlement) may be the better option, particularly when people have money coming in (i.e., are not unemployed). In these cases, developing a budget and prioritizing debt payments can be more helpful than settling credit card debt, as these alternatives may be able to help free up sufficient funds to get back on track financially and to slowly start getting out of debt.
- Filing for bankruptcy – When people have more than just credit card debt to contend with, filing for bankruptcy may be a better option than settling credit card debt. In fact, when filing for bankruptcy, people can realize a number of benefits, only some of which include court protection via the automatic stay and discharge of a significant amount of debt, including credit card debt. To find out if this is a better option than settling credit card debt, contact the Law Office of Jon B. Clarke.
Fact 6 – You can find out if settling credit card debt is the right move for you by contacting the Law Office of Jon B. Clarke today.
Of all of the facts we’ve discussed thus far about settling credit card debt, perhaps the most important fact you should take away from this blog series is that, when you are considering settling credit card debt, you can get professional, trusted advice – and real help with debt relief – by contacting the Colorado debt relief attorneys at the Law Office of Jon B. Clarke.
Our dedicated lawyers have been committed to helping people figure out and pursue the best courses of action to obtain debt relief for over the past three decades. This means that you can trust us to help you obtain the financial fresh start you may need.
Colorado Bankruptcy Lawyers at the Law Office of Jon B. Clarke, P.C.
If you are overwhelmed by seemingly insurmountable debt and are looking for a financial fresh start, contact the trusted Colorado debt relief and bankruptcy lawyers at the Law Office of Jon B. Clarke, P.C.
For a thorough assessment of your situation, along with expert advice, call us at (866) 916-3950 or email us using the contact form on this page.
From our offices based in Denver, we provide people throughout Colorado with the highest quality debt relief legal services.