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How to Tell If a Debt Relief Company Is Legitimate and When to Call a Law Firm Instead

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When people feel overwhelmed by debt, the promise of fast relief can sound like a lifeline. Unfortunately, the debt relief industry includes both legitimate organizations and companies that take advantage of people in vulnerable financial situations. Knowing how to separate the two is the first step toward protecting yourself and finding real help.

This guide will walk you through the signs of a legitimate debt relief company, the red flags to avoid, and why working with a law firm that handles debt resolution can offer stronger, safer solutions.

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The Appeal and the Problem

Debt relief can sound simple: a company negotiates with your creditors, reduces your balances, and helps you become debt-free faster. In reality, some companies overpromise, charge high upfront fees, or disappear before your debts are settled.

Understanding what legitimacy looks like helps you avoid scams and find professionals who act in your best interest.

Red Flags of Illegitimate Debt Relief Companies

Be cautious if you notice any of the following warning signs:

  1. They demand large upfront fees.
    Under federal law, most debt settlement companies are prohibited from collecting fees before they deliver results. If someone wants payment before any debt is reduced, that’s a red flag.

  2. They guarantee specific results.
    No one can promise a specific dollar amount or percentage of debt reduction. Legitimate professionals explain possible outcomes, not guarantees.

  3. They tell you to stop paying creditors entirely.  Ending payments to your creditors in order to enroll with a debt relief company must solely be your decision. It’s true that most people cannot afford to make payments to their creditors while making payments to a debt relief plan. Furthermore, creditors are more likely to negotiate on past due accounts. However, be aware that ending payments to creditors can lead to late fees, lawsuits, and damaged credit.

  4. They lack transparency about who they are or where they’re located.
    Legitimate companies clearly display business information, contact details, and credentials. Hidden ownership or vague websites are cause for concern.

  5. They pressure you to sign quickly.
    Scammers often create urgency. Real professionals give you time to review agreements and ask questions.
Lawyer and client sign variou financial legal contract to mediat

What Legitimate Debt Relief Looks Like

A legitimate debt relief company should demonstrate:

  • Clear communication. They explain all fees, timelines, and expectations in writing.
  • Proper registration or licensing. Depending on your state, certain debt relief providers must be registered or bonded.
  • Client education. Ethical providers help you understand the risks and alternatives.
  • No unrealistic promises. They discuss both benefits and potential drawbacks honestly.
  • Positive reviews and verifiable history. Look for consistent feedback and an established track record.

Why Legal Debt Resolution Offers More Protection

A law firm that handles debt resolution provides an extra layer of security. Attorneys are bound by professional ethics and can offer legal advice tailored to your specific situation.

Here’s why that matters:

  • Attorney-client privilege. Your conversations are confidential, giving you a safe place to discuss financial details.
  • Direct legal authority. If a creditor does takes legal action, a lawyer can provide appropriate legal advice and manage the lawsuit to lead to a successful outcome.
  • Integrated strategy. Law firms can evaluate all your options, from negotiation to potential legal defenses, ensuring the path forward fits your entire financial picture.
  • Regulated oversight. Attorneys must follow state bar rules that protect clients from unethical conduct.

When to Call a Law Firm

If you’re facing lawsuits, wage garnishment, or harassment from collectors, or if you simply want legal protection while resolving your debt, a law firm is the safer option. Debt resolution through a law firm focuses on settling your debts while minimizing legal risks.

Final Thoughts

There are trustworthy companies that help people get out of debt. The key is knowing how to identify them and understanding when your situation calls for a legal approach. If you want debt relief with the security of legal representation, contact National Legal Center to explore your options with a team that protects your rights and works toward lasting financial freedom.

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Is Debt Settlement Right for Me? How the Process Works and When It Makes Sense

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If you are struggling with overwhelming debt, you may have heard about debt settlement, sometime referred to as debt resolution, as a possible solution. In the right situation, it can save you a significant amount of money and help you regain control of your finances. However, it is not the best fit for everyone, and it is not always the first step you should take.

Before you decide, it is important to understand what debt settlement is, how the process works, and when it might be the right choice for your situation.

What Is Debt Settlement?

Debt settlement is a process where a professional negotiates with your creditors to accept less than the full amount you owe. Instead of making your regular monthly payments, you deposit money each month into a dedicated account. Once there is enough in the account, those funds are used to resolve debts one at a time.

Debt settlement is most often used for unsecured debts such as:

  • Credit cards
  • Personal loans
  • Medical bills

It does not work for secured debts like mortgages or auto loans because those are tied to collateral.

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When Debt Settlment Might Not Be the Best First Step

If you are still current on your credit cards and can manage your minimum payments, debt settlement may not be the right option. Instead, you might consider a Debt Management Plan (DMP) through a nonprofit credit counseling agency.

A DMP can:

  • Combine multiple payments into one
  • Often lower your interest rates
  • Have less of a credit score impact than debt resolution

When Debt Settlement Can Be a Smart Choice

Debt settlement may be worth exploring if you:

  • Are behind on payments or about to fall behind
  • Cannot afford the minimum monthly payments
  • Have accounts more than 90 days past due or already in collections
  • Have received a lawsuit or judgment from a creditor
  • Owe far more than your income can realistically handle

In these cases, negotiating with creditors for a reduced payoff can be a practical path forward.

How to Prepare for Debt Settlement

Proper preparation can make a big difference in how successful the process is.

  1. Gather financial documentation – Hardship proof can help negotiations. This may include layoff notices, medical bills, divorce papers, pay stubs, tax returns, or a clear breakdown of income and expenses.
  2. List all your debts – Include creditor names, balances, interest rates, and how far behind you are. Review your credit reports from all three bureaus and your most recent statements.
Concept of Debt Settlement write on sticky notes with gavel isolated on Wooden Table.

When to Stop Making Minimum Payments

Debt resolution typically only works if accounts are behind. However, do not stop making payments without a plan in place. Some people stop all at once, while others stagger their missed payments depending on creditor behavior or debt size. A reputable company can help you choose the right approach. However, it’s important to understand that only you as the debtor can make the decision to end making payment to your creditors. A reputable company should not advise someone to end payments, however, once you choose to enroll into a debt settlement service the firm will support you in your decision.

Choosing a Trustworthy Debt Settlement Company

When researching companies, ask:

  • How they are paid (avoid any that require upfront fees)
  • Who handles negotiations and if they are done in-house
  • How they handle lawsuits during the program
  • Their typical resolution rates and timelines
  • Whether they are members of AFCC or have IAPDA-certified staff
  • If a law firm, confirm the attorney that will assist is licensed in your state.

 

Be cautious of unrealistic promises or vague answers.

The Impact on Credit Scores and Taxes

If you currently have good credit, your credit score will likely drop during the process, but you can rebuild it over time. If more than $600 of debt is forgiven, you may receive a 1099-C tax form. The IRS could treat this as taxable income, although you may qualify for an insolvency exclusion. It is wise to speak with a tax professional about this. However, even if a tax is due, in most cases, the total cost of the settlement, fees and tax, should be less than the amount owed.

Debt Settlement documents and gavel in the court.

How Long Does Debt Settlement Take?

Some people see their first resolved account in as little as a few months, depending on how quickly they can save, the delinquent status, and how creditors respond. Most full programs last between two and four years. Consistent savings, complete paperwork, and addressing legal issues promptly will help keep the process on track.

Final Thoughts on Debt Settlement

Do not wait until you are in financial crisis. Using savings to cover credit card payments or shifting debt from one card to another can make the situation worse. If you know your current path is unsustainable, the sooner you explore debt settlement, and other relief options, the more control you will have over your financial future.

Debt settlement can be a powerful tool when used in the right circumstances, but success depends on having a solid plan and experienced guidance. At National Legal Center, we can help determine which debt relief service is right for you. If Debt Management is a better fit, we can recommend a reputable credit counseling agency to assist you. if debt settlement is the right direction, we will guide you through every step of the process.

 

Schedule a Free Consultation with National Legal Center

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May 5: Student Loan Payments Restart – What If You’re Already Facing Credit Card Debt? 

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On May 5, 2025, the U.S. Department of Education will resume involuntary collections on defaulted federal student loans. This follows a multi-year pause that began during the COVID-19 pandemic – and it’s a significant shift for borrowers who are already managing other forms of unsecured debt, such as credit cards. 

What’s changing on May 5? 

If your federal student loans are in default, the government is resuming active collection efforts through several key measures: 

– The Treasury Offset Program will be reinstated, allowing the government to withhold funds such as tax refunds and Social Security benefits to recover defaulted student loan balances. 

– Tax refunds and Social Security payments may be withheld. 

– Notices will begin going out this summer to initiate wage garnishment for borrowers who remain in default. 

– More than 5 million borrowers are at risk of being impacted. 

It’s worth noting that interest on federal student loans resumed in October 2024 – but May 5 marks the beginning of enforced collections.

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Already dealing with credit card debt? 

If you’re managing high-interest credit card debt and now face the added strain of renewed student loan collections, it may be time to take a closer look at your broader financial picture. 

At National Legal Center, we work with individuals facing significant unsecured debt and help them understand their legal rights, potential options, and how to move forward. 

We can: 

– Review your credit card situation in full 
– Work with you to pursue resolution options with creditors 
– Provide legal guidance and support throughout the process 
– Help you take action before financial pressure escalates 

While we can’t assist with student loan debt directly, addressing other areas – like credit card balances – may help restore balance to your financial life.

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Ready to Talk?

If you’re worried that debt may affect your security clearance, don’t wait. Reach out to the legal team at National Legal Center for a free evaluation. Call 800-747-2614 or visit nationallegal.com to learn more.

Complete this form to schedule your free consultation.

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Finding Your Financial Flow: Navigating the Rapids of Heavy Credit Card Debt

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Imagine navigating a turbulent river with hidden rocks and sudden drops, with each obstacle representing a financial challenge brought on by heavy credit card debt. Just like a seasoned river guide would plan a route and prepare for obstacles, you too can map out a strategy to manage your debts and avoid potential pitfalls.

Today, we’ll help you create a map to your financial flow. We’ll discuss the dangers of credit card debt, and help you understand your financial situation better. With our guidance, you’ll learn how to navigate these tricky waters and develop a plan to eliminate heavy credit card debt for good. Read on for essential tips and strategies that will put you back in control of your finances!

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Understanding Financial Flow

Financial flow is a harmonious state where your financial decisions are in perfect alignment with your personal values and long-term objectives. It’s about creating a balanced, stress-free financial life. Imagine it as paddling down that river— challenging at times but wonderfully serene once you find your rhythm. This flow state can be your reality, even after facing financial setbacks like overwhelming credit card payments.

Aligning Values with Financial Decisions

To achieve financial flow, start by stripping down the excess and focusing on what truly matters to you. Here are some steps to get you started:

  1. Identify Your Core Values: Take some time to reflect on what is most important to you. Is it financial security, family, education, or travel? Understanding your core values will help guide your financial decisions.
  1. Assess Your Current Financial Situation: Look at your income, expenses, debts, and savings. This step is crucial for understanding where you stand and what needs to change. If you need help with debt, speak with a debt relief professional at National Legal Center.
  1. Create a Budget That Reflects Your Priorities: A budget isn’t just about numbers—it’s a reflection of your values. Create an intentional budget where you allocate your resources to support what matters most to you.
  1. Cut Out the Excess: Identify areas where you can reduce spending without compromising your happiness. This might mean dining out less frequently, canceling unused subscriptions, or finding more cost-effective ways to enjoy leisure activities.
  1. Seek Professional Guidance: Sometimes, the journey requires a guide. A debt relief law firm, like National Legal Center, can provide the guidance and support you need to navigate the complexities of your financial situation.
Happy young family couple celebrating successful investment.

Navigating Financial Rapids

Facing heavy credit card debt can feel like navigating through tumultuous rapids. But with the right strategies, you can overcome these challenges:

  1. Prioritize Debt Repayment: Focus on paying down high-interest debt first, and break free from the minimum-payment mindset. Consider strategies like the snowball or avalanche method to systematically tackle your debt.
  1. Negotiate with Creditors: Don’t hesitate to contact your creditors to negotiate lower interest rates or payment plans, especially for debt in collections. Many creditors are willing to work with you to settle the debt. If you’d like help, our experienced debt settlement attorneys can help negotiate your debt.
  1. Explore Debt Relief Options: From Debt Management Plans to debt negotiation plans to bankruptcy, there are various debt relief options available. A qualified debt relief law firm can help you explore these options and determine the best path forward.
  1. Build an Emergency Fund: Start setting aside a small amount each month towards an emergency fund. Even a modest buffer can prevent future financial setbacks from derailing your progress.
  1. Stay Committed to Your Financial Goals: Persistence is key. Review your progress regularly, adjust your budget as needed, and stay focused on your long-term goals.

The Long Paddle

Achieving financial flow is the long paddle out to sea. It requires effort, persistence, and sometimes facing the rapids head-on. But once you find your rhythm, you’ll experience a sense of peace and control over your finances. By aligning your values with your financial decisions and seeking the right support, you can achieve a balanced and stress-free financial life. Remember, National Legal Center is here to help you navigate the complexities of debt relief, providing the expertise and encouragement you need to find your financial flow.

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Who Does Midland Funding, LLC Collect For?

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Midland Funding, LLC is a name that might ring a bell if you’ve been receiving relentless calls about an old debt. Understanding who this company is and the kinds of debts they collect can help you deal with them more effectively, should they come calling.

Midland Funding is well-known in the debt-buying industry. They purchase large portfolios of consumer debt from major banks and financial institutions, often for pennies on the dollar. If you’re on one of the lists they acquire, you can expect letters and calls from Midland Credit Management seeking to collect the debt. The types of debt they collect on are generally unsecured, meaning there’s no collateral backing them up. But who exactly do they collect for?

Debt Collector Letter

Debts Midland Funding, LLC Collects On

Understanding the type of debt being collected on can help you when negotiating with Midland, disputing a debt claim or defending a debt collection lawsuit. Midland Funding focuses on debt that can typically be categorized as follows:

  • Consumer Credit Cards: One of the most common types of debt Midland purchases is from credit card companies.
  • Personal Lines of Credit: Loans extended without collateral fall into this category.
  • Student Loans: Particularly private student loans that do not have government backing, with or without co-borrowers.

Debts Midland Doesn’t Usually Collect

There likely have been exceptions in the past and every company may shift it’s focus, but Midland Funding, LLC does not generally involve itself with:

  • Commercial Debt: Business-related debts are not typically within their realm of collection.
  • Mortgage, Auto or Secured Debt: Debts tied to a tangible asset, like a house or a car, usually fall outside of their interest.
  • Medical Debt: Unlike other debt collectors, Midland isn’t known for pursuing medical-related debts.
  • Government Debt: Debts owed to government agencies are not targeted by Midland Funding.
Person getting debt collector call

What to do when Midland Calls

When you get a call from Midland Funding, it’s essential first to verify the debt. Make sure it truly belongs to you- you can dispute debt with MCM if you don’t believe it is valid. You should also make sure the debt isn’t within the statute of limitations for collections. Not sure if your debt is past the statute of limitations?

Wondering if the law limits how Midland Funding can collect on your debt.

Schedule a call with our legal team

Establishing a plan of action is your next step. If the debt is indeed yours, plan how you will resolve it, whether through a payment plan, a settlement, or another debt resolution method. If you find this task daunting or are uncertain about your next move, consider reaching out to the National Legal Center for guidance on a plan customized to your situation.

If Midland Funding Has Filed A Lawsuit

If you’re on the receiving end of a debt collection lawsuit or have been threatened with one by Midland Funding, take it seriously. Midland Funding is an aggressive player in the debt collection industry, and they often follow through on their threats of legal action. In such cases, it is advisable to speak with a professional. Our law office is well-versed in handling such situations and can form and implement a robust defense strategy or work to negotiate a settlement to resolve the debt.

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Conclusion

In summary, Midland Funding, LLC collects mainly for major credit companies and financial institutions, focusing on consumer debts like credit cards and personal lines of credit. They tend not to collect on commercial debts, mortgages, medical bills, or debts resulting from auto loans and government loans. Knowing what kind of debt Midland collects can prepare you for dealing with collections calls or even lawsuits. Most importantly, having a plan of action and, when appropriate, professional assistance at your side is invaluable in resolving debt in collections. Remember, the correct information and preparation can make all the difference when tackling debt in collections.

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Fixed Income Asset Protection: Safeguarding Your Financial Peace of Mind

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For individuals living on a fixed income, managing debt can often feel overwhelming. Unexpected financial challenges arise, and soon, you may find yourself juggling increasing debt while dealing with harassing calls and letters from creditors. Or you may be making ends meet today, but increasingly worried about how you’ll cover bills in the future with the astronomical rises in the cost of living. At National Legal Center, we understand these struggles and have crafted our Fixed Income Asset Protection service to provide comprehensive legal support and financial relief to those in need.

Who We Are

National Legal Center is a multi-state consumer rights law firm dedicated to advocating for those facing financial hardships. Our mission is simple: we strive to protect the rights of individuals dealing with overwhelming debt, ensuring that they receive compassionate, ethical, and accessible legal representation. Over the years, we’ve helped thousands of individuals across the country reduce their debt and regain control of their financial futures.

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Our Fixed Income Asset Protection Service

This service was created specifically for those living on limited financial resources, such as retirees or individuals on disability, who are facing mounting debt challenges. Here’s how our process can help you:

  • Free Consultation and Personalized Debt Analysis: Every client begins with a complimentary consultation where our legal staff conduct a one-on-one debt analysis. We take the time to understand your unique situation and provide a personalized assessment of your financial standing and options.
  • Legal Guidance and Counseling: Our team of experienced attorneys have a deep understanding of Federal and State consumer protection laws. We work with you to explain your rights and identify exemptions that can safeguard your income and assets. With our strategic counseling, you’ll be better prepared to navigate your financial journey with confidence.
  • Relief from Harassing Collection Calls and Letters: One of the most stressful aspects of debt management is the constant barrage of calls and letters from creditors. Once National Legal Center steps in, we notify collectors of our involvement help ensure relief from harassing calls and letters. This allows you to enjoy peace of mind, knowing that we are handling the negotiations with your creditors on your behalf.
  • Increased Monthly Cash Flow: By following our attorneys’ guidance and enrolling in our low monthly payment plan, many clients find themselves with more disposable income. We work to ensure that you not only protect your assets but also improve your cash flow so that you can focus on what matters most.

Protecting Your Future, One Step at a Time

Our goal at National Legal Center is not just to help you survive today’s financial hurdles but to empower you with the tools and legal support to secure a stable financial future. Whether it’s stopping harassing calls or providing strategic legal advice, we are committed to easing the burden of debt so you can focus on living your life without the constant fear of financial ruin.

Get Started Today

If you’re living on a fixed income and struggling with debt, now is the time to act. With a free, no-obligation consultation, National Legal Center is ready to step in and help you take back control of your finances. Reach out today and discover how our Fixed Income Asset Protection service can give you the peace of mind you deserve.

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Minimum Payment Trap

Ditch the Debt: Why Minimum Payments Are Your Worst Nightmare

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Let’s face it, debt can feel like that annoying gym buddy who keeps asking to spot you on weights you know you can’t handle. You keep making the minimum payments, feeling good about “showing up,” but the debt monster just keeps growing. Sound familiar?

Here’s the truth: minimum payments can be a trap. They might seem manageable at first, but they’re designed to keep you in debt for way longer than necessary. This means more money wasted on interest, and less cash for the things you actually want – that new grill, a killer weekend trip, or finally buying out the rest of your fantasy football league.

Past due notice

Think of it like this: minimum payments are like putting a Band-Aid on a gunshot wound. Sure, it stops the bleeding for a second, but it’s not a real solution. Here’s why you need to ditch the minimum payments and take control:

  • The Minimum Payment Maze: Those tiny payments barely cover the interest, meaning you’re essentially paying to stay in debt. It’s a never-ending cycle that can leave you feeling frustrated and defeated.
  • Credit is Temporary: Taking a proactive approach to tackle your debt might involve a temporary dip in your credit score. But guess what? Climbing out of that debt hole and showing a history of responsible credit management will boost your score back up.
  • Freedom Feels Amazing: Imagine the feeling of crushing your debt and having that extra cash in your pocket every month. No more feeling chained to those minimum payments. You’ll have the financial freedom to pursue your goals and interests, becoming the master of your own financial destiny.
Happy with debt control

So, what are you waiting for? Here are some action steps for becoming a debt-slaying champion:

  • Track Your Spending: Knowledge is power. Figure out where your money’s going and identify areas you can cut back on.
  • Create a Budget: This is your battle plan. Allocate your income towards bills, debt payments, and some well-deserved fun money.
  • STOP Taking on Additional Debt: Living off of the cards delays the inevitable default. Try to live well within your means.
  • Pay Double the Minimum or More: If you can afford it, this is the fastest way for you to get debt free without negatively impacting your credit.
  • Explore Debt Consolidation: This can simplify your payments and potentially lower your interest rate.
  • Explore Debt Resolution with National Legal Center: This can stop you from digging the hole deeper and help you get a fresh start.
  • Consider a Side Hustle: A little extra income can go a long way in accelerating your debt repayment.

Taking control of your debt might seem daunting, but trust me, the long-term rewards are worth it. Ditch the minimum payments, break free from the debt cycle, and become the financially strong person you were always meant to be. Now go forth and conquer!

Schedule a Free Consultation with National Legal Center

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Same Sweater, Different Debt Drama: Why Your State Matters (Especially When You Can’t Pay)

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Let’s talk about debt collection – a topic that can make your wallet sweat and your phone vibrate like a hummingbird trapped in a blender. But here’s the thing: how debt collectors can come after you actually depends on where you live.

Imagine you snag a sweet deal on a new sweater at JCPenney, swipe your plastic, and head home feeling fabulous. In most states, the legalities of that purchase are pretty straightforward, regardless of where you live. The jacket’s the same, the price is similar, and even the interest rate on your card likely falls within a predictable range. Taxes might differ slightly, but that’s about it.

Young blonde woman customer choosing sweater smiling at clothing store

But things get messy when you can’t pay that bill on time. Suddenly, state lines become a minefield. In some states, original creditors are limited in how often they can call you. Others? Well, they could be blowing up your phone a hundred times a week, and there’s not much you can do about it.

Here’s the deal: traditionally, contract law (including debt collection) was a state-by-state game. This meant some states had your back, limiting how often collectors could call you.  Other states? Forget it, your phone might sound like a frantic bird for a week straight.

But the world’s changed – online agreements, national lenders, giant banks lending and collecting everywhere. So, federal law stepped in a bit with the Fair Debt Collection Practices Act (FDCPA). This law helps protect you from harassment by collection agencies.  But here’s the catch: it doesn’t apply to the original creditor themselves, only those debt collection companies.

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Even the scary stuff, like lawsuits, have a different impact in different states. Some states don’t allow wages to be garnished for credit card debts, while others do. The moral of the story? While some things might seem universal, like a comfy sweater, the legal landscape around debt collection can vary depending on where you live.  So, if you’re facing debt collection issues, knowing your state laws can be a real power move.

The next time you’re considering getting help with your debt, state law knowledge matters. Especially when it comes to debt collection and that sinking feeling in your stomach (and possibly your phone). 

If you’re worried about debt or dealing with aggressive collectors, don’t hesitate to reach out to us.  We can help you navigate the legalese and fight for your rights, with an attorney licensed in your state!

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Conquering Debt: Why Finding Your “Why” is the Secret Weapon You Need

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When I started law school a professor asked our class to figure out why we went through the daunting task of getting in and going to law school. She said that when it gets difficult and we want to quit, we should look back at our why and it will help us keep going.

Let’s face it, tackling debt can feel like climbing Mount Everest in flip-flops. It’s daunting, exhausting, and sometimes you just want to throw in the towel and build a snow fort at base camp (debt snowball, anyone?). But before you succumb to the allure of financial hibernation, consider this: finding your “why” can be the key to unlocking the motivation you need to reach the summit (debt-free status!).

find your purpose signpost outdoors in nature

Why is “Why” So Important?

Imagine you’re training for a marathon. Sure, the finish line medal is cool, but what truly drives you to hit the pavement each day? Maybe it’s a desire to improve your health, raise money for charity, or simply prove something to yourself. That deeper purpose, your “why,” is the fuel that keeps you going when the miles feel endless.

The same principle applies to debt resolution. Understanding your “why” provides the motivation to stick to your budget, resist impulse purchases, and stay committed to your repayment plan.

Here are some powerful “whys” to consider:

  • Financial Freedom: Visualize the peace of mind and security that comes with being debt-free. Imagine vacations without the worry of credit card bills, or finally buying that dream home.
  • A Brighter Future for Your Family: Are you working towards a college fund for your children, a secure retirement for yourself, or simply a more comfortable life for your loved ones? Debt resolution paves the way for these goals.
  • Building Credit & Confidence: Debt can take a toll on your credit score and your self-esteem. Crushing your debt allows you to rebuild both, opening doors to better opportunities and financial peace of mind.
  • Leaving a Legacy: Debt resolution doesn’t just impact you – it can impact future generations. By eliminating debt, you’re setting a positive example for your children and giving them a head start on their financial journey.
A person crossing the finish line of a race with "debt-free" as the ultimate goal.

Finding Your “Why” and Taking Action

Once you identify your “why,” write it down and keep it somewhere visible. This constant reminder will fuel your motivation during tough times.

Here at National Legal Center we understand the emotional and financial challenges of debt. We don’t just help you resolve debt, we empower you to achieve your financial goals.

Take the first step towards a debt-free future. Contact National Legal Center today for a free consultation. Let’s help you find your “why” and develop a personalized strategy to conquer debt and achieve financial freedom.

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Beach proposal

Hitched With a Hitch? Prepping Your Finances Before Saying “I Do”

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So, you’ve found your lobster (or bagel, or soulmate, you get the idea) and wedding bells are chiming! But before you get swept away in the whirlwind of cake tastings and venue hunting, let’s talk about something equally important: money matters.

Let’s face it, finances are a major factor in any successful marriage. Here at National Legal Center, we’re all about setting you and your partner up for a smooth financial ride after the “I do’s.”  So, grab a glass of bubbly (or your favorite beverage) and let’s dive into some essential pre-wedding financial prep.

Animation of bride and groom with piggy bank

The Big Reveal: The Money Talk

Yes, it might not be as glamorous as picking out wedding colors, but an honest conversation about finances is crucial. Discuss your current financial situation, including:

  • Income and Expenses: Be open about your income, debt (student loans, car payments, etc.), and spending habits.
  • Financial Goals: Do you dream of buying a house? Traveling the world? Talk about your long-term financial aspirations.
  • Debt Management Strategy: How will you tackle existing debt together? Creating a joint debt repayment plan shows commitment.
Couple creating budget and financial planning

Merging Money (or Keeping it Separate?)

This is a personal choice.  Will you combine all your finances into one account?  Keep some separate accounts for personal spending? Discuss what works best for you as a couple.

Budgeting Bliss (Okay, Maybe Not Bliss, But Stability!)

Creating a joint budget helps you track income, manage expenses, and work towards those shared financial goals. There are plenty of budgeting apps out there to make this easier!

Credit Check-Up

Before you apply for a joint mortgage or other loans, check your credit scores. Addressing any errors or taking steps to improve your credit score can benefit you both financially down the line.

Couple creating budget and financial planning

Remember:

Communication is key! Talking openly and honestly about finances before marriage can prevent future conflict and set you up for a financially secure and happy future together. Keep in mind, invest your money and time in the marriage, not just the wedding.

Contact us to create a plan to resolve your unsecured debt so you can both have a fresh start, together!

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Attorney John Farrell is licensed in New Hampshire & Massachusetts, Attorney Arthur Kohler is licensed in Massachusetts

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