Floridian residents who are in a financial bind may be tinkering with the idea of looking into debt relief options. There are many benefits to different methods of relieving debt, but there can be potential drawbacks as well. A person should be aware of both before making a decision.
If you are one of the many Americans who are behind on your credit card, house, medical bill or car payments, you may have been contacted by a debt collector. While many times they appear as annoying phone calls periodically during the day and/or night, debt collectors may use a number of ways to get you to make a payment on your late account. The Fair Debt Collection Practices Act prohibits collectors from calling excessively, using profane language, using scare tactics, posing as attorneys or saying that you owe more than your actual debt amount. However, there are many stories of debt collectors going beyond what is allowed and harassing people.
If you, like so many others across Florida, are facing increasing pressure from debt collection agencies, you may be searching for ways to end the harassment and regain control over your finances. Debt collectors will often resort to a broad range of tactics to try to get you to pay up, but in some cases their methods cross the line and become illegal. At Kingcade Garcia McMaken, we recognize how stressful it can be when debt collectors continuously contact you, and we have helped many clients facing similar circumstances find solutions that meet their needs.
Florida couples share everything from big-ticket homes and cars to practical every-day items like towels and toothpaste. When things are going well, they may not mind making purchasing choices together and feeling equally responsible for any debt they incur.
Many people in Florida and across the country sigh a breath of relief once their bankruptcy is discharged. With a clean slate, they are finally able to rebuild their credit and create a new financial identity. Hopefully, this new financial start is not marred by overwhelming credit card bills and overdue expenses. One common path people take on their way to rebuilding their credit is applying for a credit card, with the intentions of paying off the balance every month. Although this can be a great way to increase one's credit score, people should take extreme caution when getting another credit card after filing for bankruptcy.
When bills keep piling up, you may feel overwhelmed and wonder how to survive today when you cannot seem to get past yesterday. Some Florida beachcombers who find themselves under a growing pile of debt can only blame their personal spending habits and uncontrollable use of credit cards.
If you live in Florida and are finding it increasingly difficult to stay on top of your finances, you may be considering setting a meeting with a credit counselor. A credit counselor is someone who offers credit counseling, debt management or financial education services for consumers in need, and credit counselors often help people regain control over their finances or work through common financial obstacles.
You might have started out with manageable debt in what seemed like some good investments, such as real estate or a small business. One bad turn led you to owing too much to your lenders. At Kincaid Garcia McMaken, we take pride in the fact that we have helped our clients make a fresh start through debt reorganization strategies, Florida bankruptcy counseling and repayment planning.
At Kingcade Garcia McMaken, we know that plenty of law-abiding Florida residents are the targets of ruthless-- and sometimes illegal-- harangues on the part of people to whom they owe money. There are even professional debt collection companies that make a sport and a business of hassling our neighbors.
The last thing that Florida residents want is to add more problems to their divorce process. Unfortunately, since the state's divorce courts divide debt in a similar manner to assets, financial stress is sometimes unavoidable. While no debt relief strategy is perfect, there are ways to minimize the impact of post-divorce debt.