Indianapolis Credit Card Debt Relief Lawyers

Marion County Bankruptcy Attorneys

Eliminate Credit Card Debt - Stop Collections Harassment

Credit card debt is one of the major stressors that drives individuals and families into serious financial crisis. We've all heard the phrase, "Robbing Peter to pay Paul," and credit cards are a seemingly perfect source of funds to pay for more urgent needs like groceries, utilities and clothing.

At the Indianapolis bankruptcy law firm of Saeed & Little LLP , we believe that no one should be condemned or penalized for accumulating a burdensome level of credit card debt — no matter the cause. Every person has the right to credit card debt relief. For 30 years, our experienced bankruptcy lawyers have shown Indiana residents different ways to escape the dangerous whirlpool of credit card debt with relief options tailored to meet each person's individual needs.

In most cases, though not in all, personal bankruptcy is an excellent method of achieving credit card debt relief. If you qualify for Chapter 7 bankruptcy, all your unsecured debt — including credit card debt — will be discharged. "Discharge" means "erase," which means your credit card debt will no longer exist. If you do not qualify for Chapter 7 bankruptcy, you may still qualify for credit card debt relief under Chapter 13 bankruptcy, which allows you to create a repayment plan that you control - rather than being controlled by your creditors. You pay what a reasonable budget shows you are able to pay.

If you've heard horror stories about bankruptcy, you might find peace of mind after reviewing our Bankruptcy Myths and Rebuilding Your Credit pages and reading more about what to expect and how our law firm can help you with credit card debt relief.

Why Don't Debt Repayment Companies Work for Credit Card Debt Relief?

We've all seen the advertisements for debt repayment companies that promise to take the worry off your hands and negotiate repayment plans with your credit card companies. Sometimes, these types of debt consolidation plans work. However, investigate the company and how it operates with extreme care before signing up. In the worst-case scenario, you could end up worse off than you were before.

• Debt repayment companies can be expensive, and those funds could be better used elsewhere.
• Your credit rating may suffer anyway because any individual credit card company may choose to not participate in the debt repayment company's proposed plan and sue you for the debt instead. In bankruptcy, the credit card company has no choice but to participate.
• In a sad but true category, some of these companies are fly-by-night operations that take consumers' hard-earned money and keep it rather than paying off credit card debt with it.

Why Not Negotiate Directly With the Credit Card Companies for Debt Relief?

Some credit card companies advertise individual repayment plan agreements, whereby the credit card company will freeze your interest rate and agree to accept a lower monthly payment that will eventually pay off your entire debt within a three to five year period. This sounds a lot like a Chapter 13 bankruptcy plan, right? Wrong.

• Unlike in Chapter 13, the credit card company has no legal obligation to agree to a voluntary repayment plan with you.
• If you have multiple credit card debts, you will struggle to find a monthly repayment amount that is acceptable to each credit card company and fits your budget. Unlike in Chapter 13 bankruptcy, the credit card companies do not have to work together and do not have to acknowledge the reality of your other debts.

Central Indiana Credit Card Debt Relief Solutions — Toll Free 1-866-660-6928

Learn more about how Chapter 7 or Chapter 13 bankruptcy can provide you with much-needed credit card debt relief, as well as strong protection for your credit rating and your future financial stability. Call Saeed & Little LLP, in Indianapolis, at 317-800-6181 or toll free at 866-660-6928 or reach us online by completing the brief form located on the Contact Us page of this Web site. We offer reasonable payment plans and will deduct initial consultation costs from your fee should you decide to retain us.

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