The San Antonio Bankruptcy Lawyer

sanbank — Sat, 11 Jul 2009 03:01:10 +0000

Credit cards or debt overwhelming you?

James (Jim) Montgomery recognized as a Texas Super Lawyer explores the benefits of settlement debt negotiation in “3 Ways To Stop Creditors In Their Tracks”, a free report that you must read. Click here to get the free report.

San Antonio bankruptcy courts may be an alternative to your debt situation.

In June and July of 2009, a large number of home loans that were made with adjustable rate mortages will be resetting to new interest rates. Many of these loans were made with terms that will result in a substantial increase in the interest rates as well as an increase in payments.

People are facing obstacles in their lives never before confronted. Loss of job, loss of income, investment loss from the Wall Street debacle have reduced cash flow for many. Some, feeling that things would improve, have borrowed to finance their living expenses. Others have borrowed to finance a business that they did not realize was failing and could not recover.

There is relief. If you are a wage earner, you may qualify for a Chapter 13 bankruptcy which is a reorganization that allow you to pay your debts over a period time in some cases.

Call 210-690-3700 for a free needs analysis report with one of our attorneys.

debt management vs credit card settlement for my 73YO mother?

sanbank — Fri, 26 Feb 2010 01:44:55 +0000

sfdj66 asked:

she owes 25K on credit cards and unsecured loans. 1 option is Debt management, a higher payment over more time but less credit damage. Another is a settlement, less $ paid off sooner but seriously dinged credit. She still may move once in her life, meaning a lease or purchase. Suggestions?

Caffeinated Content

Please help with, Credit Card Debt Negation Settlement Or Other options?

sanbank — Sat, 20 Feb 2010 00:07:36 +0000

To Financial Freedom asked:

Seeing a friend fall deep in debt in no time, I like to help him, get an idea of what his options are – Bankruptcy or Settlement.

He made huge debt (over 50 thousand) to 4 major credit cards while in New Jersey.

Since Feb 2006, he has no job, no nothing … literally nothing, stopped paying, moved out of state, no contact with creditors or response to court orders. (A lot happened with other cards). Now,

Card-1:
With Original Creditor
Principal 10K.
With penalties 15K

Card-2
Been sold 3 times and with an outside recovery company.
Principal 19K.
With penalties 27K.

QUESTIONS:

We understand Bankruptcy may be best option… its apparent it’s quite easy in his case. BUT please advice on the below.

1) In this scenario, how much these agencies would agree for one time payment?

2) How should we proceed OR should we hire an attorney to do this work for us?

3) Are there any better options such as consolidating?

4) Plz recommend attorneys, consolidators, any thing.

Big Thanks.

Website content

Has anyone used one of those debt settlement companies for your credit card debts?

sanbank — Thu, 18 Feb 2010 16:30:57 +0000

SearchDude asked:

They’re saying they can settle for around 50% or less. But the web address URL ( http://www.americandebtsettlementgroup.com ) doesn’t work, however they are listed in the BBB under this law office: http://data.phoenix.bbb.org/commonreport.html?bid=97015677

Anyone ever tried American Debt Settlement Group? Or any other debt settlement or debt consolidation companies?

Caffeinated Content

Is it OK to pay a settlement amount on credit card debt?

sanbank — Thu, 18 Feb 2010 05:09:36 +0000

amusic.mana asked:

I am paying off my cards which are over 5 yrs old, and they’re giving me settlement amnts to pay them off. Most of the balance is late fees, my credit is slowly going up. Am I going to have problems in the future getting credit if they ve seen that even though I paid all my debt, I chose to make a stlmnt amount to close it? Anyone in similar boat?

Create a video blog

How adverse does a settlement for credit card debt effect your credit ?

sanbank — Wed, 17 Feb 2010 12:58:47 +0000

Smiley asked:

Does it matter the amount – settled ?

Caffeinated Content – Members-Only Content for WordPress

Has anyone used one of those debt settlement companies for your credit card debts?

sanbank — Mon, 15 Feb 2010 21:30:55 +0000

Anyone ever tried American Debt Settlement Group? Or any other debt settlement or debt consolidation companies?

Caffeinated Content – Members-Only Content for WordPress

Credit Card debt.Settlement Question?

sanbank — Fri, 12 Feb 2010 23:32:37 +0000

England Chick asked:

I am young and went a little over on my credit cards. I have about four credit cards and it equals up to about $4000.00 they are already in collections and are closed. Due to me being out of work and having some other personal problems I wasn’t able to pay anything for several months. I was lucky and was able to save a little over a thousand dollars from working two jobs. I want to call them to try and settle one company already sent me a letter saying I could settle for about a hundred and I owed six hundred. How should I go about settling with the other credit card companies?

Caffeinated Content

Any reccomendations on paying off a credit card debt of $20K.Does debt settlement really work?

sanbank — Thu, 11 Feb 2010 10:05:21 +0000

pendy49 asked:

I was able to negoiate and close CCs and set up other credit cards on low 2-3% interest rate 5 year plan…The bank will not negotiate my other $20K…has anyone ever refused to pay off a credit card & settle with the bank

Caffeinated Content – Members-Only Content for WordPress

High credit card debt. Is the credit settlement companies the way to go? or is settling with the actual co?

sanbank — Tue, 09 Feb 2010 17:42:34 +0000

DF asked:

Is the credit settlement companies the way to go? or is settling with the actual company?

Caffeinated Content