Kingcade Garcia McMaken
Set Up a FREE In-Office Consultation
305-285-9100
Open Every Saturday Morning 8 AM to 11 AM.

Debt-relief techniques can help balance your finances

You never expected to be the person who was struggling with their income. You always worked hard and saved your money. You tried to pay off your credit cards every month, and you always saved up to make sure you'd have money for an emergency.

You could never have expected that a medical emergency would result in your running up your credit cards or being unable to continue working in your field. Today, you work a lower-paying job and have thousands of dollars in debt that you aren't sure you can pay back. What should you do?

Debt relief is possible: Your options

To start with, you should know that you can get relief from your debts. There are a few ways to work with debt. Some include:

  • Negotiating settlements with your creditors.
  • Looking for grants or programs to pay off medical bills, such as charities that provide support through the hospital's accounting department.
  • Consolidating your debt with a consolidation loan. This can reduce what you pay every month as well as lowering the percentage rate on the loan.
  • Bankruptcy. You can file for Chapter 7 or Chapter 13 bankruptcy to restructure or discharge your debts, depending on the specifics of your situation.

These aren't the only options, but they are several viable possibilities for those looking for debt relief. The kind of debt relief method you choose will vary based on the factors that have impacted your life, e.g., your income, debt-to-income ratio, missed payments and others. Our website has more information on what you can do to stop creditor harassment and get the debt relief you need.

No Comments

Leave a comment
Comment Information

Set Up A Free, In-Office Consultation

Open Every Saturday Morning 8 AM to 11 AM.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

EMAIL US FOR A RESPONSE

Firm Location

Kingcade Garcia McMaken
1370 CORAL WAY
Miami, FL 33145

Miami Law Office

Firm Number Phone: 305-285-9100
Review Us