Very often, when people face hardship, they rely on credit cards to help make ends meet. Unfortunately, the ease and convenience of those cards usually come with a high-interest rate, upwards of twenty-one percent, and during times of financial struggle, it is increasingly difficult to repay the entire balance every month to avoid interest charges, or on time to avoid late charges. This causes people’s debt to become out of control, and many times the credit card company files a lawsuit against the person who has failed to repay the card according to its terms.
An experienced lawyer can help negotiate a payment plan for you to repay the debt, often at a lower interest rate, or can help negotiate a lower lump sum payment to satisfy the debt in full. Whether your debt is $500 or $50,000, the attorneys at The DeVries Law Firm, P.A., are here to help.