Credit Card Debt Attorney in McAllen, Texas

Many Texas residents turn to credit cards to pay bills and meet their financial needs. While credit cards offer an amazing safety net, there is also the potential of overspending and falling into unnecessary debt. A shopping spree, unexpected medical expenses, emergency bills, or even accumulated daily spending can throw you into credit card debt. 

If you have more credit card debt than you can pay or if you need help paying off a credit card debt, consulting with an experienced Texas bankruptcy attorney is crucial.

At Oliva Law Bankruptcy, we’re committed to offering knowledgeable legal guidance and reliable advocacy to clients in credit card debt matters. Our skilled legal team can evaluate your unique financial situation and explore your available options to achieve credit card debt relief. 

Oliva Law Bankruptcy is proud to serve clients across McAllen, Texas, and the surrounding areas of Corpus Christi, Brownsville, Harlingen, as well as throughout the Rio Grande Valley.

Credit Card Debt in Texas 

Nobody wants to get into credit card debt. However, it usually happens. A person could get into credit card debt through any of these ways: 

• Shopping spree 

• Unexpected medical expenses 

• Financial emergencies, such as home or car repair 

• Falling for card-reward tricks of credit card companies 

• Making minimum payments 

• Credit card fraud 

• Overspending 

• Confusing credit card terms 

• Getting multiple credit cards 

Unfortunately, getting into credit card debt means you’ll have to deal with the overwhelming stress of the situation, creditor harassment, and deceitful creditor tactics. The interest and penalties for late payments will make it even harder to pay off your balance. Therefore, when you’re overwhelmed with credit card debt, you need to speak with an experienced attorney to enlighten you about your options for debt relief. 

What Is Debt Settlement? 

Debt settlement – also referred to as debt adjustment or debt relief – is a debt repayment method that allows you to settle your credit card debts for less than the actual amount owed. It requires proposing a huge lump-sum payment to the creditor. A debt settlement company will contact the creditor on your behalf to negotiate a reduced payment amount. Through debt settlement, you can settle your credit card debts quickly and for less than the exact amount you owe. 

What Is Debt Consolidation? 

Debt consolidation involves combining several credit card debts, loans, liabilities, and other expenses into a single larger debt. In debt consolidation, you will have to take out a new loan to pay back your existing debts. If you’re overwhelmed with huge credit card debts with high-interest, debt consolidation may be an option for you. However, while debt consolidation can help streamline your finances, it may not solve your financial problems totally. 

Is Bankruptcy an Option? 

When overwhelmed with credit card debts, bankruptcy may be a promising option to help you achieve debt relief. Credit card debts are considered “unsecured debts.” This means that such debts can be discharged or wiped out through bankruptcy without losing the assets and property you bought with the credit card. 

Also, filing for bankruptcy can help stop creditor calls and other collection efforts of the debt collector. An experienced Texas bankruptcy attorney can enlighten you about your options and determine which bankruptcy chapter is right for you. 

The Importance of Skilled Counsel  

Being buried by credit card debt can be an overwhelming and unsettling experience. In addition to your debt issues, you will also have to deal with creditor harassment and dishonest creditor tactics. Thankfully, you may be able to achieve debt relief through bankruptcy, debt consolidation, or debt settlement. An experienced debt relief attorney can explore your different options and help determine the right one to settle your credit card debts. 

At Oliva Law Bankruptcy, we have the diligence, experience, and resources to help consumers who are overburdened with credit card debt achieve relief. As your legal counsel, we can assess your personal financial situation, enlighten you about your possible options, and help you decide on the ideal debt relief solution that best fits your unique circumstances. In addition, our trusted team will fight vigorously for you, handle creditor harassment, and negotiate with creditors on your behalf to create a feasible repayment arrangement.