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Posts tagged "Debt Relief"

Debt relief could still be possible for those without savings

Financial debt has become commonplace in the lives of many Louisiana residents. Credit cards and how they are used often play a significant role in a person's finances and can easily lead to monetary problems. Luckily, those facing these types of financial issues often have several options for debt relief available to them.

Bankruptcy could provide debt relief to Louisiana residents

There are myths surrounding bankruptcy that may make some Louisiana residents hesitant to file. However, these myths may cause people to miss out on a helpful debt relief option. Bankruptcy can be a useful tool in difficult financial situations where people are facing overwhelming amounts of debt. Rather than struggle for an indefinite amount of time to pay off significant debt, many may benefit from filing for one of the various forms of bankruptcy.

Debt relief still possible for those facing credit card debt

There are many reasons Louisiana residents may be facing financial hardships. One of the top reasons is often due to credit card debt. Luckily, those who are dealing with this problem may still have several debt relief options available. Among other solutions, bankruptcy could provide relief for some to begin regaining financial stability.

Paying attention to interest rates could help with debt relief

Credit card debt is a common worry for many Louisiana residents. Besides the emotional toll owing debts can create, there can also be significant financial consequences. Knowing all the possible alternatives to relieving debt can help to regain financial stability. Fortunately, those in debt have several options that could aid in debt relief.

Debt relief after the death of a loved one

The loss of a loved one is difficult on everyone. Besides the emotional stress involved, families often deal with financial stresses as well. One common issue families face is what to do about credit card debt. Several debt relief options could be available to Louisiana residents who face monetary problems following the death of a family member.

Debt relief: What to do if a loan application is rejected

Louisiana consumers who are going through tough financial times may try various options to regain financial stability. Applying for a personal loan is likely one of the first remedies sought to obtain debt relief. However, many loan applications are not successful, and those already anxious about their financial situations may stress even more, not knowing how to resolve the problem.

Debt relief: The pros and cons of debt negotiation

Times can be tough financially, especially following the holidays, and debt loads may overwhelm some Louisiana consumers. While many people know about the protection offered by personal bankruptcy, some prefer to try alternative options before filing for bankruptcy. Fortunately, help is available to guide them through choosing other debt relief options.

Can minimum credit card payments bring debt relief?

Louisiana consumers with credit card debt who suffered job losses, wage cuts or other financial emergencies will likely be looking for methods to remedy their dire situations. Different debt relief options may suit the circumstances of some, but none of them is a quick fix. Careful consideration is necessary because the chosen method may cause even more hardship as time goes by, and to compare the available options with the protection offered by the U.S. Bankruptcy code may be informative.

Debt relief options to consider before filing for bankruptcy

As in other states, many consumers in Louisiana struggle to pay debts that have become overwhelming. There are several ways to achieve debt relief, though some are more effective than others. Typically, a debt settlement company collects payments from the consumer and negotiates a settlement with the creditor. Once an agreement is reached, the accumulated payments held in a dedicated account are used to pay the creditor.

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Richoux Law Firm, L.L.C.
110 E. Kaliste Saloom Road
Suite 205
Lafayette, LA 70508

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