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Credit Card Debt in Olympia
Falling behind on credit card payments can quickly cause serious financial problems because high interest rates can make it impossible to get caught up. Eventually, most of your monthly payment is going to pay interest, and barely making a dent in the principle. If you happen to miss a payment or two, debt collectors will call you at all hours of day and night in an effort to embarrass and intimidate you into making payments you simply cannot afford.
Falling behind on monthly credit card bills does not make you a failure in life, and it doesn't give creditors the right to treat you as such. Olympia residents sometimes get caught up in a cycle of debt that makes it impossible to get back in the black. Bankruptcy laws were created to help hard working people get a fresh financial start when they need it most, and it helps countless people all over the country enjoy a fresh start. Our credit card debt relief attorneys in Olympia can help you take steps to completely eliminate credit card debt if you qualify for bankruptcy.
When you petition the bankruptcy court for relief, all debt collection is required by law to stop immediately, and this includes credit card debt. Contact our law office for a free consultation and find out if filing for bankruptcy can work for you.Wipe out your credit card debt once and for all
- All credit card debt is discharged in the majority of Chapter 7 bankruptcy cases
- When you file Chapter 13, the creditor may receive a percentage of your credit card debt, but it's usually nothing or very little
- The second you file for bankruptcy, all debt collection stops
- If you would like to wipe out credit card debt for good, contact one of our Thurston County bankruptcy lawyers today
People living in Olympia sometimes fall behind on credit card debt due to circumstances beyond their control. They may lose their job, get sick or suffer injury, or experience some other hardship that makes it impossible to keep up with bills.
Credit card companies routinely offer exorbitant credit lines with high interest rates, knowing that unexpected hardships can befall anyone at any time. If you suddenly don't have enough money to pay your bill for a few months, these same credit card companies will often sell the debt to a third party collection agency for pennies on the dollars.
Debt collection agencies are often ruthless, and are only interested in making a profit at your expense. They may call you at all hours of day and night asking for money, and may even make good on threats to call your place of work or family members. They may even urge you to dip into your retirement to pay down your debt, which may further damage your finances without even getting rid of your credit card debt.Our Olympia bankruptcy attorneys will help you fight back against debt collectors
When your lawyer files your case in bankruptcy court, creditors must cease all contact with you. Credit cards are also the last debt in line to be paid during bankruptcy, so all or part of it is usually discharged by the court. If you file for Chapter 7 bankruptcy, all or most of your credit card debt will likely be wiped out. If you file Chapter 13, you are only required to pay what you can afford, which is often nothing or next to nothing.
If you decide to file for bankruptcy, our Olympia debt relief lawyers urge you to stop making charges on all of your credit cards. You may want to stop making payments, which will free up money for other expenses, but if you do, don't wait too long to file bankruptcy or your creditors may serve you with a wage garnishment lawsuit.Contact one of our Thurston County bankruptcy attorneys for a free consultation
You can quickly re-earn the trust of lenders after debt is discharged by proving you are financially responsible, which means that filing for bankruptcy won't ruin your credit. Contact an Olympia credit card debt relief attorney for a free consultation and put an end to credit card debt.