GET OUT FROM UNDER CREDIT CARD DEBT, PAYDAY LOANS AND MEDICAL BILLS
Credit cards are a two-edge sword. When we have enough money to pay them off, they're a great convenience. When we really need credit – after a drop in income, a medical emergency, a car breakdown or a marital separation – it's easy to get in over your head. With interest rates of 21% to 39%, it's easy to feel like a modern day indentured servant.
If you've got medical debt, chances are a health problem in your family is making it nearly impossible to work enough hours to pay it off. All too often, though, medical debt is so high it could never be paid off.
Payday loans are the worst. With interest rates of 250% or more, payday loans are like a noose around your neck. Chances are you're now facing rude, bullying and even threatening collection calls. Some of the clients of Rhode Island bankruptcy attorney John Simonian have even had collection bullies come to their homes threatening them with arrest!
Put a stop to it! Just because you needed to use credit, that does not mean creditors have a right to beat you down. Call Providence bankruptcy lawyer John Simonian at 401-941-4800 to learn how Chapter 7 and Chapter 13 bankruptcy can help you get out from under credit card debt, payday loans and medical bills.
As soon as you file for bankruptcy your creditors MUST stop harassing you. No more phone calls or threatening visits to your home. You can feel safe again.
- If you qualify for Chapter 7, all of your unsecured debts (medical and credit card debt; not mortgages or car loans) will be wiped clean and you will have a fresh start on life.
- If you have sufficient income and want to keep some property that you might otherwise lose, filing for Chapter 13 will restructure your debts so you can make payments that are affordable for you.
COMMONLY ASKED QUESTIONS ABOUT CREDIT CARD DEBT
- Can I Use My Credit Cards Right Before I File Bankruptcy? If you recently incurred a large amount of credit card debt for "luxury goods," this could make your debts "non-dischargeable." It could be considered bankruptcy fraud. Tell your bankruptcy lawyer about this immediately.
- Will Bankruptcy Harm My Credit Rating? Ironically, bankruptcy may actually help your credit rating because discharging your debts greatly improves your debt to income ratio.
EVEN SMALL STEPS IN THE RIGHT DIRECTION CAN BRING GREAT RELIEF
If credit card debt is overwhelming you, don't get discouraged! Contact Rhode Island bankruptcy lawyer John Simonian today. He will help you understand your options for addressing late fees, interest penalties, harassing phone calls, threatening letters, court summons and lawsuits from creditors. He assists clients in both Rhode Island and Massachusetts.
Bankruptcy Lawyer for Rhode Island & MA.
474 Broadway Pawtucket, RI 02860
phone: 401-941-4800 fax: 401-785-8313