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Benefits of Debt Relief Programs

Debt can be overwhelming. Recent studies have shown that 8 out of 10 Americans over the age of 18 are in debt. While having debt isn’t the real issue, not being able to manage that debt is problematic. If you are considering taking advantage of a debt relief program, here are a few reasons you shouldn’t put it off any longer than you already have.

Stop Collection Calls

One of the worse parts of being in debt is the calls from collection agencies and creditors. You may be currently receiving a barrage of calls without any consideration of the time of day, whether you’re at work, or even trying to enjoy a weekend. It’s especially frustrating when you don’t have the money to pay these bills down. You may even find yourself screening calls and avoiding calls from numbers you don’t recognize. Taking advantage of debt relief in Valdosta will stop these collection calls.

Protect Your Wages

The goal of debt collection is to recoup money on your debt in any way possible. One of the ways that are available to creditors is wage garnishment. You can also have your state, and federal refunds offset. Enrolling in debt relief in Valdosta protects your hard-earned paycheck from being garnished. Depending on the type of debt you have, the law in the state of Georgia is that 25% of your check can be garnished. That can be crippling when you’re already living check to check.

Stop the Accrual of Interest

One reason that it’s so hard to get ahead of interest-based on debt is that the interest keeps compounding on the balance owed. This is especially prevalent with credit card debt. Paying the minimum payments doesn’t do anything for the principal balance. Debt relief programs stop the accrual of interest so that you can pay the balance down on your debts.

Being in debt is no fun, to say the least. If you need assistance getting your financial health back in shape, call the offices of Charles Farrell Law today.

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