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Denver Lawyer Clark Daniel Dray

Credit Card Debt

Credit Card Debt Attorney in Broomfield, Colorado

One might not expect how serious dealing with credit card debt is. The only consequences most people are aware of are your interest rates and credit scores. But, it is a well-established rule that the debt collector can legally sue you if you fall behind paying your credit card bills. Thus, it is indeed more serious to deal with debt in this sense than you ever wondered. If you or someone you know is currently dealing with debt collectors, you need an experienced bankruptcy attorney.

The Law Office of Clark Daniel Dray is a passionate bankruptcy law firm in Colorado. We offer prudent debt solutions for you with extensive years of practicing and helping people with debt recovery. We have a strong dedication to providing excellent customer service because we can deeply understand where you are coming from. By executing a higher degree of integrity and diligence in resolving complicated cases, we can help you get out of debt. If you are available for free consultation, schedule an appointment now!

Why do I need a Credit Card Debt Attorney in Colorado?

While numerous bankruptcy lawyers are available to assist you, selecting one who can guarantee excellent legal service should still be considered. Take note of the following good qualities of an excellent bankruptcy lawyer:

  • Personalized Service. Every credit card debt situation is unique. Your situation may be completely different, or it may be more or less complex than the other. Consider hiring a bankruptcy law firm where you will receive personalized service and attention to detail, which will result in a favorable outcome. Choose a lawyer with a limited number of clients. This allows them to focus more efficiently on your case and present the best and most distinctive options to pursue.
  • Good Communicator. It is normal to have numerous questions with a wide range of emotions when facing financial difficulties. You deserve a bankruptcy attorney who is committed to knowing your needs. Choose someone who will listen to you the entire time. This includes being knowledgeable in bankruptcy law. A competent communicator must be able to present the finest bankruptcy alternatives, in addition to active listening skills. 
  • Strategic. Your bankruptcy attorney should be a strategic thinker. Credit card debt is indeed bothersome, and the solutions available are vast. Although bankruptcy may be offered to you, your circumstances may preclude you from filing. Aside from bankruptcy competence, your lawyer must be strategic enough to provide sound advice on how to proceed without filing for bankruptcy. After all, your goal is to eliminate credit card debt. A strategic lawyer must be able to provide solutions while being unbiased in bankruptcy.

The Law Office of Clark Daniel Dray is a reputable law firm in Colorado that you can rely on. Clark Daniel Dray completed his law degree in 2009, during the height of the recession. He witnessed the lives of those who have been horribly affected by the events. As a result, he became passionate about assisting people in getting a fresh start. Empathy is our recipe in understanding your situation, and providing unique strategies is your desire.

We strive to make our team available at all times to meet your needs. We understand that your finances are at stake, so providing you with immediate response and personalized service is our top priority. If you want to discuss your case with us, make an appointment for a case evaluation right away!

What is Credit Card Debt?

Credit Card Debt attorney colorado When you fall behind on your credit card payments, you pile up credit card debt. When you receive your credit card, you will be asked to sign a document. That agreement defines both your rights and the credit card company’s rights. If you fall behind on your debt payments, this is considered a breach of the agreement and the company. As a result, the latter has the legal right to sue you.

The creditor will first attempt to sell the debt to a debt collector. Once obtained, the debt collector becomes the legal owner of the debt, and the credit card company’s rights are delegated to them. If you are unable to settle this debt, they may resell it. In addition, the debt collector can bring the case to an attorney’s office to file a lawsuit.

Pertinent Elements for Debt-Settlement

  • The obligation must be in default – The best bargain you can strike with your creditors is to pay them according to the conditions. They will have no reason to throw you a break as long as you follow the rules. However, your personal hardships will not suffice to reach an agreement with the creditor. You, as the debtor, must demonstrate or represent a risk for the lender to accept your arrangement.
  • Cash in lump sums are required – Creditors may take 50% of the amount owing as long as you represent credit risk. However, it should be emphasized that making one-time payments should also be considered. The danger of default is eliminated with lump-sum payments. 

You don’t want to have a default on settlement payments. If you fall behind on a payment, the settlement agreement will automatically terminate the debt settlement plan. As a result, the total you owed, plus interest, will be less than whatever money you paid for the settlement.

  • Not all debts can be paid off – In most circumstances, only other forms of unsecured debts, such as hospital bills or credit card debts, can be settled. Other sorts of debts, such as car loans and mortgage payments, cannot be paid without sacrificing collateral. If the creditor repossesses the collateral, you can still settle the deficiency.

Steps in a Credit Card Debt Lawsuit

The federal law governs the rules and procedures. Credit card companies must abide when they initiate a lawsuit against you.

  • The Credit Card Company Initiates a Complaint – The credit card company will submit a complaint form outlining how much you owe them and why they believe you owe it.
  • You May Then File a Counter Affidavit to the Complaint – You have the option of admitting or denying the credit card company’s charges against you. In doing so, you should provide adequate proof to either deny or admit their complaint. In the case when you refute all of the charges in the complaint, you are defending yourself against false statements. These denials are inherently about whether or not something is true.

Aside from responding to the complaint by making denials, you should also consider and state any affirmative defenses that your case merits. Put the portion in your response where you address the complaint’s defenses.

Call our Credit Card Debt Attorney Now!

You might not anticipate credit card debts to allow debt collectors to sue you. Having a record that you have been sued by a credit card company has a bad influence on your reputation. For this reason, you should not take credit card debt lightly. To avoid this, you need an experienced bankruptcy attorney who can help you manage your debt while also defending you from a lawsuit. To respond to legal action, another legal action is required. You should think about hiring a law firm that is available, experienced, and reputable.

The Law Office of Clark Daniel Dray in Colorado will assist you with credit card debts. If you are in a problem and cannot decide what steps to take, we are here to help. Aside from bankruptcy, our team also handles estate planning. If you or someone you know is in need of our assistance, schedule a consultation now!

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