Shelton Credit Card Debt Settlement Lawyer

Shelton Credit Card Debt Settlement Attorney

Many Connecticut residents rely on credit cards as an integral part of their financial planning. The opportunities and incentives behind using a credit card have improved and increased significantly over the last few decades, and they can be very simple to utilize.

Unfortunately, many quickly get buried in debt, unable to continue paying off increasingly insurmountable credit card payments. If you are struggling to stay on top of your payments, speak with Tim Pletter, a Shelton credit card debt settlement lawyer for help.

The team at Ambrogio, Pletter & Associates, LLC are here to help you climb out of debt. We will explain the options you have available for debt relief solutions, including credit card debt settlements.

Using Credit Card Debt Settlement as an Alternative to Bankruptcy Filing

Easy access to multiple credit cards and low interest rates make it easy to quickly accumulate more debt that you can handle, and many fall behind on credit card payments. Having a large amount of credit card debt and high interest make it feel impossible to get back on your feet and find relief from the debts. Our team will make suggestions about what practical solutions are available to you, including credit card debt negotiation or settlement.

Filing for bankruptcy might is not the right option for everyone. Instead, negotiating a settlement plan is often the better option, depending on your unique situation and the amount of debt you currently owe. Negotiating a credit card debt settlement could have the following benefits:

• Reorganizes any unsecured debt and lower reduce principal owed
• Lower or eliminates interest payments
• Eliminates any late fees
• Eliminates any creditor harassment and lawsuits

When you speak with Attorney Tim Pletter at Ambrogio, Pletter & Associates, LLC, he will work alongside you and your credit card company’s lawyer to develop a fair and sound plan for repayment.

We can even negotiate reduced debt that has already been given over to a collection agency, it is vital that you speak with Attorney Tim Pletter, a Shelton Credit Card Debt Settlement Lawyer, as soon as you hear from the debt collector.

Credit Card Debt Settlements: Advantages and Disadvantages

It is important to keep in mind that a credit card debt settlement in Shelton, CT has both several advantages and disadvantages, as well as risks. Advantages to credit card debt settlements include the following:

• Paying off your debt much sooner
• Stopping calls coming in from collection agencies
• Negotiating a settlement for less than you actually owe
• Avoiding bankruptcy

Unfortunately, credit card debt settlement also has its own drawbacks. These include the following:

• Creditors who are unwilling to negotiate with you on a settlement
• Impact on your credit
• Possible income tax implications
• Lump sum payment requirement, which could affect your personal finances

FAQs About Shelton, CT Credit Card Debt Settlement Laws

Let’s Talk About Your Financial Future: Contact Our Team Today

Dealing with high credit card debt can be an overwhelming problem. However, with help from the team atAmbrogio, Pletter & Associates, LLC, Attorney Tim Pletter will reassure you and do everything possible to help you bring your credit card debt down.

We make this complicated and intimidating legal process manageable so you can recover financially and get back on your feet. Reach out to our offices today to schedule your consultation.