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Cedar Park & Round Rock Debt Relief Attorney

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Get Relief From Your Debt The Legal Way

With the increased cost of living in the United States, it is understandable how easy it is for some to fall into significant debt, which couldn’t be truer in Texas. Many times, individuals are pressured by car dealers, real estate agents, and others in the sales industry to purchase luxurious items that may not be as affordable as consumers are led to believe. By trying to live the “American Dream,” it is far too easy to get buried in debt.

Although many individuals won’t purchase something unless they can afford the monthly payments obligations, there are times when financial surprises can influence their budgets. Furthermore, many individuals don’t expect to lose their jobs, become hospitalized, or become tasked with taking care of an elderly parent. Those who live paycheck to paycheck are taking a serious risk for a significant impact on their finances if the smallest mishap occurs.

It is all too easy for individuals who can barely keep up with monthly bills to suddenly become flooded with debt they can’t pay. However, these individuals shouldn’t lose hope. A skilled debt relief attorney can provide individuals with guidance in the following matters:

  • Student Loans
  • Unpaid taxes
  • Foreclosures
  • Vehicle loans
  • Credit Card Debt

A law firm with skilled attorneys, such a Jackson Law Firm, can help individuals decide the best way to approach their debt problems. For some, Chapter 7 bankruptcy or Chapter 13 bankruptcy may be the best approach. However, the attorneys at Jackson Law Firm may be able to negotiate with debt collects to establish an affordable payment plan and have any negative information removed.

Chapter 13 vs Chapter 7

There are some instances where Chapter 13 is a better choice than a Chapter 7. If an individual is behind on his or her mortgage payment or business payments and does not want to lose his or her property, then a Chapter 13 bankruptcy may be the only option in Texas. This type of bankruptcy will enable an individual to catch up on his or her past due to payments. In addition, those with too much income or debt that can’t be discharged may have to file Chapter 13 bankruptcy.

However, many Texas residents who want to get relief from a significant debt burden without repaying the full amount may find Chapter 7 is a better option. A Chapter 7 bankruptcy will give an individual a fresh start, and when the bankruptcy is discharged, an individual will only have to pay off any secured assets that are agreed upon with a Reaffirmation Agreement. Furthermore, an individual will have instant protection from any creditor’s efforts to collect payments and garnish wages. Those who need help in making the best choice should contact a skilled attorney for guidance.

What can an Individual do to Improve his or her Credit Report?

Those who are trying to fix their credit should follow three important steps. First and foremost, it is vital to contact an attorney serving Williamson County, Cedar Park, and Round Rock. The skilled debt relief attorneys at Jackson Law Firm have the legal knowledge to increase the chances of a positive outcome.

Furthermore better credit management will require that individuals:

  • Don’t be afraid to dispute inaccurate information. When individuals discover information on their credit reports that are false, then they should challenge it with credit reporting agencies. Credit reporting agencies have to verify any disputed information in a timely manner, or they must remove it from an individual’s credit report.
  • Try to negotiate any remaining debt. An individual should take action and speak with creditors in an attempt to establish a plan to pay off some of his or her debt at once or with an extended payment plan. In addition, this is an ideal time to ask to have any negative information, which is true, removed from his or her credit report. During this process, it is suggested to have a debt relief attorney who can provide assistance negotiating, which can be helpful when creditors are being reluctant. A skilled attorney could discover any errors that were made by the creditors that could be used in the negotiation process.

Establish Good Credit

When an individual has current debt, it is vital to start to rebuild his or her credit. If individuals have past problems paying debts, it is imperative to prove they have the ability to pay debts on time. Credit agencies want to lend individuals money, so an individual needs to prove he or she has the ability to pay credit agencies back on time.

Take Action and Contact a Debt Relief Lawyer

Although individuals may have gotten into debt on their own, they don’t have to handle it on their own. A skilled debt lawyer has the capability to navigate through the complexity of the legal system. If individuals try to handle debt on their own, they may have difficulty making the best choices. Furthermore, it is against Texas law for debt collectors to harass individuals who are behind on payments. If an individual is being harassed by debt collectors, it will only add to the stress that comes with significant debt, which is another reason it is imperative to contact Jackson Law Firm.