Sherman Oaks Credit Card Debt Lawyers
If you are facing a credit card lawsuit, have been getting dozens of phone calls a day from credit collection companies, or want to take action to get your credit card debt under control by consolidating your loans or negotiating with the credit card company for a better interest rate, a Sherman Oaks credit card debt lawyer is here to help. Wadhwani & Shanfeld has a solution for virtually every type of credit card problem.
Why Credit Card Debt is so Common
Americans have gotten used to paying for everything with our credit cards. This was no accident; credit card companies are excellent marketers, and lure millions of people into bad financial decisions every year. However, the top reasons most people get buried under credit card debt is:
- A medical emergency forced the debtor into their situation
- Non medical financial emergency, such as a job loss, unexpected car maintenance, or home repair
- Divorce
- The cost of living (mortgage, rent, groceries, etc.) has gone up, while wages have remained stagnant
- Credit card companies have dramatically raised interest rates
Of course, the COVID pandemic and inflation have only made matters worse. While the ten richest billionaires saw their wealth double during the pandemic, over eight million Americans slipped into poverty. While some claim that overspending on lattes puts people in debt, the truth is that wealth and wage inequality is to blame. But no matter how you get into credit card debt, there are options for you to get a clean slate.
Options for Reducing Your Credit Card Debt
- Renegotiate payment terms with the credit card company
- Consolidate your credit card debt for simplified payment
- File for Chapter 7 Bankruptcy
- Credit card debt settlement
Credit Card Lawsuit Defense
If you are being sued by a credit card company, you need to take immediate action to protect yourself against wage garnishment and other harsh penalties. Usually, credit card companies are willing to negotiate with debtors and their attorneys to come up with a better solution than going to trial. A lawyer may be able to help you negotiate a loan repayment plan, have some of the debt forgiven, or win your lawsuit by revealing wrongdoing on behalf of the creditor, such as harassment or illegal debt collection practices.
Credit Card Debt Harassment and Lawsuit Solutions
Consumers are protected from unfair debt collection practices under the Fair Debt Collection Practices Act, though few people understand their full rights. We can help end harassing phone calls and threats, and can even use these unlawful debt collection practices in your favor to win your case if the debt collector engaged in wrongful practices, such as improper service of a summons, lack of standing, or that the statute of limitations has expired.
Call a Sherman Oaks Credit Card Debt Lawyer Today
There are solutions to every credit card debt problem, including credit card debt lawsuits, credit collection harassment, and impossible payment plans that constantly keep you in the red. Here at Wadhwani & Shanfeld, our Sherman Oaks credit card debt lawyers have seen it all, and are prepared to do whatever it takes to protect your best interests. Call us today at 818-658-2669 consultation at your soonest convenience.
