Credit Cards & Debt Collection

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Credit card debt has become one of the leading causes of consumer debt in America. Most credit card debt is unsecured debt; that is, the credit card company that issued the credit card does not gain a security interest in, or a right to repossess, the items you purchased using that credit card. There are some credit cards, particularly at furniture, electronics, and some warehouse stores, where the debt is actually secured by the items you purchased on that account. If this is your situation, be sure to let bankruptcy lawyer Chuck Grainger know that when you meet with him.

Credit cards are often high interest rate accounts that can trap people in a seemingly endless cycle of debt where the interest accrued and the late fees and penalties incurred are often much more than the initial amount charged on the credit card. The average consumer can pay for years on a single card only to make little progress toward paying off the account.

If you’re caught in the credit card debt cycle and have fallen behind on the payments, the credit card company can send your account to a debt collection agency, or even a debt collection law firm. When this happens, the harassing phone calls and the collection letters about the credit card debt can become even more overwhelming. Even if your credit card account has been sent to a debt collection agency, or you’re receiving calls from a collection attorney on behalf of the credit card company, Montgomery bankruptcy attorney Chuck Grainger can counsel you on your options, as well as help you find the best way out of the hole.

While credit cards provide consumers the flexibility to pay for goods and services over a period of time, credit card debt can quickly overwhelm you and leave you trapped in a hole of debt. For many people, this hole is often too steep for them to climb out of on their own. That’s where attorney Chuck Grainger can help – he can help you get out of the hole.

If you’re caught in the vicious cycle of credit card debt, bankruptcy protection might be the best option for you. Local bankruptcy lawyer Chuck Grainger can assess your situation, and help you decide whether bankruptcy protection is right for you. Whether it’s a Chapter 13 payment plan, or a fresh start under Chapter 7, Chuck Grainger and Grainger Legal Services can help you find a solution for your credit card debt. Even if bankruptcy protection isn’t the best option for you, Chuck Grainger can guide you through other options that are available for your situation.

Experienced Alabama bankruptcy attorney Chuck Grainger can evaluate your credit card and other debt to give you advice about long-term solutions that are tailored to your particular situation. Everyone’s situation is different, and at Grainger Legal Services, we don’t believe in cookie-cutter solutions for individual problems, and we take pride in making sure we put our clients in the best possible situation. We serve clients in from our offices located in Montgomery, Prattville, and Troy, Alabama. You can call or text us at (334) 260-0500 or contact us online to schedule a free consultation with Mr. Grainger to see how we can help you get out of the hole.