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Pratical Debt Relief

Texas Debt Settlement & Debt Relief programs

Call 888-839-3574 for your free Texas Debt Settlement quote today!

● Become Debt Free in as little as 12–36 months!
● Cut your payments in half with our Texas Debt Relief Program!
● Reduce and even eliminate those harassing creditor phone calls!
● 1 Lower Monthly Payment!

Debt Reduction Begins Here

 

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 Texas.

DEBT SETTLEMENT TX TEXAS


The estimated population in the state of Texas in 2009 was 24,782,302, says Census.gov. TransUnion released its first courtesy quarterly report for 2010 DailyFinance.com, which has a state-by-state list of debt levels. Texas was #20 on the list with an average debt of $5,265.00 per person. Nowadays, due to hardships among credit card holders caused by a bad economy, more and more accounts end up in default making Texas Debt Settlement a popular debt relief alternative. Without Texas debt relief, a program that the credit card companies actually started, it would mean huge losses for credit card companies. They are no longer profiting from interest charges and fees, and end up writing defaulted accounts off as a loss after 180 days of non-payment. In addition, there was a new reform adopted early this year called CCARD Act. It establishes new rules about charging interest rates and fees, and is costing banks millions and for some billions of dollars. This could be the reason for creditors becoming so aggressive while collecting on past due accounts. For this reason these same creditors have become more and more interested in entertaining a consumers request for Texas Debt Relief otherwise known as Debt Reduction or Debt Settlement. Consumers are dealing with numerous phone calls from banks and collections companies, threats, verbal abuse, scare tactics, harassment, etc. In some cases creditors can decide to collect by filing a lawsuit against the debtor. This is an approach commonly used by some creditors to make sure that when a consumer chooses debt relief, they will be at the front of the line for debt settlement. The good news for Texas residents seeking debt relief is that according to Texas Statutes, www.statutes.legis.state.tx.us creditors are not able to garnish a debtor’s wages. Please keep in mind that even though your paycheck is safe, this does not mean you can ignore your debt and hope it will go away. If the lender has received a judgment against the debtor, it is in effect for 10 years and can be renewed. It can also accumulate interest of up to 10% annually. As you can see, you can carry this debt on your credit forever, and it will only keep growing. You can find this information here CarreonAndAssociates.com. According to the same source, the Statute of Limitations in Texas is 4 years for open and written contracts. This means that your creditor can sue you for this debt within this time period after defaulting on the account. If a consumer is sued outside that timeline, expired Statute of Limitations may be used as a defense to withdraw the case (according to Texas Rules of Civil Procedure www.supreme.courts.state.tx.us). Even though the lender is not able to use a judgment to garnish borrower’s paycheck, it is still a very negative mark for the consumer. Not only is it a public record, but also it might prevent from qualifying for credit in the future, or become a reason for dramatically higher interest rates. While credit card lawsuit is a very extreme option, dealing with collection companies can be very difficult as well. Many of them engage in unlawful practices. They are ready to say just about anything, whether legal or not, to persuade debtors into making a payment. You can find more information on what collectors can and cannot do by reading this act FTC.gov.
Dealing with collection companies/attorneys, their phone calls and scare tactics is without a doubt a very stressful process. Many consumers try to handle it themselves, many of them fail. While communicating with collectors is only one part of the process, negotiating a low settlement is a very tough and stressful prospect if you’re the consumer. Your lenders know that you feel obligated and responsible for your debt. They will use every trick to make you accept a deal that will benefit THEM, not YOU. That is why it is best to seek help from certified professionals, who know how to handle this type of communication and save you as much money as possible. By taking care of your debt and hiring a legitimate Debt Settlement company offering Texas debt relief, you are not only cutting your current debt by almost half, but you are also able to get out of debt within a shorter period of time. All debt negotiators at Practical Debt Relief, Inc. are experienced and certified by I.A.P.D.A. We have already successfully settled millions of dollars of unsecured debt, and welcome the opportunity to do the same for you. If you are READY to get on the path to a debt free future and interested in seeing what your savings might be, contact a specialist for a free Debt Reduction 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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