Debt Relief Options in Florida

Sat, Jun 4, 2011

Debt Mitigation

Debt ReliefYou see the commercials all the time for credit counseling. Our country is racked with debt and sometimes it seems like there’s no way out. Almost everyone has debt, and some people need a way out.

If you’re in Florida and you need debt relief, there is hope. You can hire a debt attorney to advise you in managing credit card debt, mortgage foreclosures, lawsuits and wage garnishments, and other insurmountable debt you might be facing. A lawyer would be able to guide you through the process of legally erasing that debt and finding relief.

There are many ways a person can find themselves with too much debt. It might be too many credit cards with too much debt; a recent injury that resulted in a loss of job; maybe a death of a provider and credit cards were needed to pay necessary bills. These reasons and more can find you in need of Florida Debt Relief.

When you can’t pay your house payment regularly and you start to go into foreclosure, it can put a lot of stress on a family. Because lenders must file these foreclosures publicly, you can receive phone calls, emails, and mail from companies promising to help you manage and eliminate your debt. You need to be careful with these because most of them can be fraudulent and a scam.

There are specific laws to ensure that banks and lenders do not take advantage of you in this trying time, and to protect you against fraudulent schemes. Having an attorney on your side can arm you with the law, and your lawyer can ensure that these banks and lenders follow the law and not take advantage.

A lawyer can also help get you more time to come up with a plan to get current on your mortgage and loans, so that you don’t lose what you’ve been trying to keep. There are also legal ways to restore your credit to good standing, and to lower interest rates which will make lower payments each month, making it easier to pay off your debt.

Something most people don’t think about is what would happen to your debt if you were to die or have an accident which left you unable to make financial decisions. It is wise to make a trust where you would make specific guidelines and instructions on how to deal with the debt, and other assets that you might have. Your estate could still be controlled and managed by your wishes even after you’ve passed on or if you are unable to make these daily decisions.

Florida Trust would also enable you to place guardianship for minors or elderly parents. You can designate who would inherit properties, grants, and other monies or properties. A trust would also give instructions for personal care such as a DNR (do not resuscitate), organ donation or use of donor blood if needed, and directions such as nursing care situations.

No matter what your legal need, whether you need debt relief, or you’re looking into a trust, getting legal advice and counsel is always what’s best.

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