Torrance Credit Card Debt Lawyer
Credit card debt has become a silent burden for many individuals. The ease of swiping a card for everyday expenses can quickly spiral into a cycle of mounting interest rates and late payment fees. Before you know it, the minimum monthly payments become overwhelming, and the debt seems insurmountable.
At Wadhwani & Shanfeld, our team of experienced Torrance credit card debt lawyer understands the challenges of this financial predicament. We recognize that credit card debt can affect people from all walks of life, and our mission is to provide tailored solutions that alleviate your financial stress and pave the way toward a debt-free future.
Getting Rid of Credit Card Debt
Getting rid of credit card debt in Torrance can be daunting, but effective solutions are available. One option is to file for bankruptcy, specifically Chapter 7. Under this chapter, credit card debt is categorized as non-priority, unsecured debt, which means the bankruptcy court can eliminate or discharge it. Once discharged, you are legally not required to repay that debt, providing a fresh start.
Alternatively, if you do not qualify for Chapter 7 or prefer to file under Chapter 13, credit card debt can be adjusted and included in a repayment plan. With Chapter 13, you only have to pay what you can afford, which may even be nothing at all. Upon successful completion of the repayment plan, any remaining unpaid credit card debt can be discharged, offering relief from the burden.
Other Reliable Options
While bankruptcy can provide an effective solution for credit card debt, it may not be the preferred option for everyone in Torrance. At Wadhwani & Shanfeld, we understand this and offer alternative, reliable options to help you regain control of your financial situation.
One such option is debt settlement negotiation. Our experienced credit card debt lawyer in Torrance can negotiate with credit card companies on your behalf to reach a mutually agreed settlement amount that is less than the outstanding debt. Credit card companies are often open to accepting a lesser sum, as they risk receiving nothing if you were to file for bankruptcy.
Our credibility as a renowned bankruptcy law firm, coupled with our Board-Certified specialists and extensive experience in handling thousands of cases, lends substantial weight to our settlement discussions. Credit card companies and their legal representatives take our negotiations seriously, knowing that we have the leverage of bankruptcy as a viable alternative. This credible threat is crucial in achieving favorable settlements for our clients.
Talk To Our Torrance Credit Card Debt Lawyers
If you are struggling with the overwhelming burden of credit card debt in Torrance, it’s time to take action. At Wadhwani & Shanfeld, our Torrance credit card debt lawyers are here to guide you through this challenging situation. We understand that the mounting interest rates and late fees can feel like a never-ending cycle, but you don’t have to face it alone.
Our team of experienced attorneys will carefully assess your unique circumstances and provide personalized solutions tailored to your needs. Don’t wait any longer. Contact our Torrance credit card debt lawyers today and schedule a complimentary consultation.
