Credit Card Debt Relief Attorney in San Diego, California

san diego credit card debt attorney for debt helpIf you’re looking to lower your credit card debt, our credit card debt relief services can guide you on the right path. Visit our client success stories page to learn about people just like you who are living a life free of debt. Many Americans can only afford to make the minimum payment on their credit cards. Once you get caught in that trap, your monthly statement will tell you your grim future. If the A.P.R. on your credit card is 18%, you will likely pay back about twice what you owe and depending on how high the balance, you could be paying for 20 years before the full debt is paid off. Start reducing your credit card debt fast and request a FREE Debt Consultation today to become debt free! You can also check out our credit card debt settlement video to learn about your options.

The profits the banks make are maddening. The banks love it when you only pay the minimum due. You are their best friend. But, what happens if you miss a payment? The banks slap you with their penalty rate of 29.99%. Now, your already difficult minimum payment just jumped higher and the length of time to pay off this debt just doubled. And your old best friend, the credit card company? They fight dirty, putting you into collections and starting the repetitive robo-calls to your house and employer, or even taking you to court. 

Resolve your credit card debt problems with debt relief services from attorney Daniel Gamez.

Contact a San Diego debt relief attorney today for credit card debt relief!

What Are My Options For Credit Card Debt?

While bankruptcy is always a last resort, there are other options for credit card debt. 

Consolidate Debt: If you have several debts carrying high interest rates, you might consider debt consolidation. This arrangement involves taking out a new loan, the funds from which go toward paying down the other accounts. The end result is that you’re paying just one bill instead of several and you might be able to negotiate a lower interest rate and reduce monthly payments. However, consolidating doesn’t reduce the total amount you owe.

Hardship Programs: Some lenders are willing to negotiate a new payment plan if you qualify for a hardship program. If you have a long-term illness, a disability preventing you from working or a military deployment, some companies may be willing to work with you to lower payments or allow you to suspend them. You’ll need proof to support your claim for a hardship in order for a company to approve the arrangement.

Debt Settlement: A debt settlement is when a consumer negotiates with their creditor (the credit card company) to reduce the overall amount of debt that you owe. Once your overall debt amount is reduced, then you pay it off in a lump sum or over a short-term payment plan.  Credit card debt settlement is a good choice if you have more debt than you can pay off in a 2-3 year period or if you have experienced a significant financial hardship that has caused you to fall behind on your monthly payments.

View what to do when sued for credit card debt!

Why Would A Credit Card Company Agree To a Debt Settlement?

It’s no big secret that banks are in the business of making money. Especially when they get a consumer stuck in the cycle of paying the minimum monthly payment, resulting in a small principal pay down. But, once you stop paying the minimum, they lose their income and debt settlement allows them a way out, since the banks can now claim your account as a loss. They then use the losses to offset other profits and reap the benefit of creative bookkeeping.

 

Can I Negotiate A Debt Settlement On My Own?

Credit card debt settlement contains no “secret sauce” formula. If you owe a small amount to one or two creditors you could talk to them to settle your accounts yourself. However, if you owe significantly more money, you should consult an experienced debt settlement attorney. It’s often difficult to determine what defines a good settlement. Should you disclose your financials? Is the offer you receive the best you’re going to get? What makes this a valid offer? Does it need to be in writing? Is the written offer valid and binding on all parties? Hiring an experienced and knowledgeable credit card debt relief attorney will relieve you of the stress of dealing with this situation on your own. Imagine the relief you will feel knowing that an experienced credit card debt relief attorney will handle all of the negotiations, finalize all of the settlements and create a plan to fund these settlements. You can learn the in’s and outs of how to reduce your credit card debt with a debt settlement by viewing our SlideShare presentation. 

Why Chose Gamez Law Firm For A Credit Card Debt Settlement?

At the Gamez Law Firm we have successfully saved our clients thousands of dollars in credit card debt through debt settlements.  Through a debt settlement, our firm negotiates aggressively with your creditors to reduce the total amount that you will pay back. Oftentimes, we can cut your debt in half or more. Call San Diego debt relief attorney Daniel Gamez at 858-217-5051 for a free consultation to go over your credit card debt options.

To learn more about debt settlement, visit our FAQ page

debt settlement frequently asked questions

Credit Card Debt Settlement Success Stories

  • Our client owed Citibank in excess of $14,000. After sending several letters to various departments of Citi’s collection departments, they agreed to take the balance down to $0.00. That’s a 100% savings! This was the final account for our client and he is now heading into retirement debt free!
  • Our client owed Bank of America $11,134.27. After explaining her significant hardships, Bank of America offered to settle the matter for $3,000.00. Our client paid approximately 27% of the amount owed, saving a little over $8,000.00 on this account.
  • Our client owed Capital One in excess of $10,000. We negotiated the balance down by 50%, with up to 24 months to pay off the balance of the settlement.

To read more Gamez Law Firm credit card debt settlement success stories, visit our Client Success Stories page

debt relief success stories

Download Our Free eBook – The Ultimate Guide to Credit Card Debt Settlement

credit card debt help ebook

Learn More About Credit Card Debt Settlement

See What Our Amazing Clients Have To Say

Feedback: We value our clients and appreciate your comments. Click to leave a review or view testimonials & read about the debt settlements we have achieved for our clients.

Resources for Credit Card Debt:

Credit card debt help to set you on the path to financial freedom. Knowing how to properly use a credit card is the key to responsibly managing your credit. Become more familiar with credit related topics to enhance your knowledge of how credit affects you and your financial life. Below are some credit card debt articles & more!  For more information on credit card debt relief, credit card debt settlement and other types of debt solutions, contact our office for a free debt consultation to see how we can help!

Schedule Free Debt Consultation!