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Legally Eliminate Credit Card Debt in Arizona

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Eliminate Credit Card Debt

In March 2012, the Phoenix Business Journal reported that for the months of January and February, average credit card and mortgage debt in Arizona had fallen, while debt in those categories had risen, albeit only slightly, elsewhere in the nation. Nevertheless, Arizona remains 32nd in the country in credit card debt, with the average credit card debt in the Phoenix metro area around $6,200. Arizonians fared much better in the credit score arena, however – while credit scores have plummeted around the country, Arizona ranked 19th nationally with an average credit score of 659. The statistics beg the question: how does one decrease their credit card debt without destroying their credit score indefinitely? The answer for many in Phoenix, Arizona has been to legally eliminate credit card debt in Arizona with attorney negotiated debt settlement.

Can I negotiate a debt settlement on my own with creditors?

Yes and no. Although in theory you can negotiate debt reduction on your own, the reality is that most people who attempt to do so without representation are not as successful as those who do obtain representation. Here’s why: creditors who agree to settle are ultimately losing out on money – sometimes a lot of money. Because they want to maximize their recovery (aka get the most money out of you), they will often make it as difficult as possible for an individual without representation to secure a debt settlement agreement. Moreover, the vast majority of people aren’t prepared to deal with the relentless creditors and collection agencies – and rightfully so. As if not being able to pay your bills isn’t stressful and emotional enough already, dealing with incessant phone calls and threats of lawsuits can be too much for many people to handle. Depending on how many different creditors you owe money to, the negotiation process can take months, or even years. Because negotiations do not always pan out, you need to have a backup plan in place to avoid the prospect of being sued.

The best thing to do if you find yourself several months behind on your bills is to hire an attorney to negotiate a debt settlement agreement for you. The debt settlement attorneys at McCarthy Law have years of experience working with collectors in Phoenix, Arizona. If you want to reduce your debt amount, get respite from the collectors and avoid the legal hassles of negotiating a settlement on your own, we are here to help. Give us a call today to set up a free consultation. Below, are some of the reasons clients choose us to negotiate a debt settlement:

We deal with the creditors so you don’t have to.

We send a letter to all of your creditors that requires they direct all communication to our firm. In fact, we counsel our clients to not communicate any further with their creditors. When faced with our aggressive legal defense, most creditors will become much more willing to negotiate.

We save you money and time.

Compared to the alternatives, an attorney negotiated debt settlement typically saves you money and time. Debt settlement can be accomplished in as little as six months and for a fraction of the balance your creditor claims is owed.

Debt Settlement

We are skilled and dealing with multiple creditors at the same time.

For people with multiple creditors or numerous accounts, it can be overwhelming to try to successfully negotiate a settlement with all of them. How would you know how much you should pay to one creditor without settling the other ones? We’ve been down this road many times and now how to maximize the savings for our clients.

Call us for a free consultation with an attorney.

Legally Eliminate Credit Card Debt in Arizona was last modified: November 6th, 2014 by Kevin Fallon McCarthy
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Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.
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