Rotate Legal California Debt Relief Forms For Free

While there isn't a specific government debt relief program solely for credit card debts, various options exist to manage and reduce your debt. These options, such as credit counseling and debt management programs, are available for different types of debts, including credit card debts.

Are there government credit card debt relief programs? Currently, there are no government-sponsored or government-backed programs that provide credit card debt relief to consumers. For example, unlike what you see with federal student loans, you cannot apply to have credit card debt forgiven without penalties.

You enroll through a credit counseling agency. The agency will work with your creditors to reduce or eliminate interest and work out an affordable repayment schedule. Qualifying Californians can get out of debt in 36-60 payments, on average. Another option for California residents is debt settlement.

Debt Relief In California It can get you out of your financial hole relatively quickly (2-4 years), but you must stick to the program. Opting out or adding more debt to your credit card will invalidate the program, and considering one of the steps is to stop payments, you'll have to pay late fees with interest.

Bankruptcy is your best option for getting rid of debt without paying.

California's Fair Debt Settlement Practices Act prohibits debt settlement providers and payment processors from engaging in unfair, abusive, or deceptive acts or practices when providing debt settlement services or payment processing activities.