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Pratical Debt Relief

Connecticut Debt Settlement & Debt Relief services

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Become Debt Free in as little as 12–36 months!
Cut your payments in half with our Connecticut Debt Relief Program!
Reduce and even eliminate those harassing creditor phone calls!
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Practical Debt Relief does not offer or constitute legal advice. For legal advice regarding your situation, please contact a licensed attorney in the state of Connecticut.

DEBT SETTLEMENT CT CONNECTICUT

The estimated population in Connecticut for 2009 was 3,518,288, says www.census.gov. According to first quarterly TransUnion report on state’s average credit card debt, Connecticut was 14th on the list, with an amount of $5,321 (www.dailyfinance.com). In the recent years, due to the drop in the economy, more and more consumers were forced into defaulting on their debts. It is however very important to find an option to repay your lenders, whether in full or partially by using an option like our Connecticut Debt Settlement. If you choose to ignore your debts, creditors might exercise their right to collect through litigation by taking you to court, obtaining a judgment and attaching your assets to it. You should, however, keep in mind that it is legal for creditors to sue the debtor only within a certain period of time upon defaulting on the account. In Connecticut this time limit is 6 years for open and written contracts accounts and 3 years for oral contract accounts according to www.carreonandassociates.com. If your creditors are successful at obtaining a judgment during that time frame (and statistically, in most cases they are), not only will this judgment then accumulate annual interest at up to 10%, but also your creditor can now go after your paycheck, deducting up to 25% of your pay after taxes, empty and freeze your bank account without prior notice, and/or put a lien on your property. What can you do if your creditors are suing you?

There are several Connecticut Debt Relief options available:

●   Connecticut Debt Relief through Debt Settlement

This option is available regardless of your account’s status in most cases. The only variable is the amount settled for. It depends on how the negotiation process is handled. Most debtors that attempt to settle on their own will accept a much higher offer than if they were represented by a debt arbitrator. Since most people are not familiar with collection and Connecticut Debt Negotiation practice standards, they are more likely to be pressured into an arrangement that does not benefit the debtor. That is why it is always a wise decision to be represented by experienced Debt Settlement Company, who will handle all communication with creditors. Once you have Practical Debt Relief, Inc. working for you, our negotiators will make sure that your accounts are settled for the lowest amount, so you can be debt free in the shortest period of time possible.

●   Fighting your creditor in court

Not a good option if you are not sure what you are doing. According to www.newsaic.com, 97% of the cases never make it to trial. Most of them result in default judgment because the debtor has not responded/failed to respond correctly. It is not surprising, because the majority of general public is not familiar with applicable laws. Also, it is nearly impossible to learn them within the time given to answer your lawsuit. Of course people who are being sued for not paying their credit cards will probably not have the money to hire an attorney to represent them in court. That is why most people choose not to answer at all, which is a “golden ticket” for the creditor. Once your answer is not received on time and default judgment is granted, there is nothing standing between the lender and your assets. Learn more about our Connecticut Debt Relief program to see what your options are. Even though we are not an attorney and will not provide legal advice, we can provide you with proper research, samples, and study material, so you can fight back and protect your paycheck, property and bank account.

●   Private arbitration

This process is available to all consumers whose card member agreement has an Arbitration Provision, which is most of them. If the debtor decides to initiate binding arbitration, all court proceedings have to be stopped. However, you need to know how and when to start this process according to your state law, otherwise it might be too late. If exercised correctly, this avenue is often too expensive for a creditor to follow, which contributes to their willingness to settle for less. Like most legal procedures, this one often has a deadline as well. To make sure that our clients can initiate arbitration on time and are knowledgeable about the process, we are happy to provide them with all necessary research materials.

Once your account goes to court, you will end up in a very unnerving and stressful situation. Let our Certified Arbitrators utilize our Connecticut Debt Settlement program for you. You will be relieved to see how easy and affordable the path to your financial freedom is. Contact one of our specialists for a Free Connecticut Debt Help quote today

 

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Testimonials

I didn’t think it was possible to cut my debt by over half. The stress of the phone calls and loss of credit was causing my blood pressure to skyrocket. Now, I feel much more relaxed and know I am on the plan to success. Thank you Practical Debt Relief.
Bill, Florida

Thanks for your hard work and being so patient with my Crazy Debt Situation. I am sleeping better at night because of you.
Nathan, New York

I never knew I had so many options when it came to handling my debt. Thank you Practical Debt Relief for taking me through the process and caring for my situation. The results are fast and impressive.
Kristi, California

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Practical Debt Relief, Inc.
5210 S University Dr Suite 104 Davie, Fl 33328
● Phone: # 888-839-3574 ● Fax: # 888-853-7651