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Debt Relief  in Alabama
Call Today: (877) 274-1260
If you successfully complete our program, it’s possible that you’ll enjoy these benefits:
Settle your debts for less than you owe
  (read here for full details about how much you can expect to save)
Resolve your unsecured debts in 18 to 60 months
  (read here for full details on how long our program lasts)
No Up Front Fees - Don't Pay Till You See Results!
 
 
 
Debt Help &  Debt Consolidation
Debt settlement, also known as debt negotiation and debt reduction, is the process by which we negotiate and settle a debt for a reduced amount on behalf of a client. When successful, it is possible that Franklin Debt Relief can settle their debts for less than what is owed, all with the convenience of one low program payment. The savings from our debt settlement program can potentially be tremendous versus making your minimum payments, and it is in some cases the cheapest and fastest debt relief, debt consolidation or debt help option available to Alabama consumers.

If you're overwhelmed with credit cards, medical bills, balances from a repossession, or accounts in collections, call for a free consultation: (877) 274-1260.
 
Pertinent Alabama  Debt Relief and Settlement Laws
(This is intended to be a helpful and informational debt resource for Illinois consumers and does not constitute legal advice. For legal advice about your situation, contact a licensed professional in Illinois.)

Debt Collection

Alabama follows the set of laws that are collectively known as the Fair Debt Collection Practices Act (FDCPA). For more information on the FDCPA follow this link: debt collection. If you feel that a creditor is illegally harassing you, tape record the conversation for evidence. Alabama is 1 of 36 states that allows consumers to tape record conversations with debt collectors without their permission. In the event that you feel a collection agency is illegally harassing you, contact the following state consumer protection agency:

Consumer Affairs Division
Office of Attorney General
Alabama State House
11 South Union Street
Third Floor
Montgomery, AL 36130
(334) 242-7300
(800) 392-5658
http://www.ago.state.al.us

-Maximum interest rate a collection agency can charge: 6% (unless specified otherwise in original contract)

Statute of Limitations on Delinquent Debts.

A statute of limitations is a law that sets forth the maximum period of time, after certain events, that legal proceedings based on those events may be initiated. For debt, the statutes of limitation apply to the maximum period of time after a consumer has become delinquent on their payments. The key point to remember is that you are considered delinquent not from the date of your last payment, but rather the day after you have gone past due. In other words, if you made your last payment on 3/3/03 and your next payment was due the same day of the next month, the statute of limitations on the debt would not start running until 4/4/04. The statutes of limitations vary from state to state and depend on the type of debt and where the original transaction took place (i.e. if you took the loan out in Texas but live in Alabama, the applicable statutes of limitations would be Texas'.)

Written Contracts: 6 years
Oral Contracts: 6 years
Promissory Notes: 6 years
Open Accounts: 3 years

Bankruptcy Exemptions. Bankruptcy exemptions are protected assets that the bankruptcy code mandates that a debtor is entitled to keep in order to adequately get a "fresh start" after filing. Bankruptcy exemptions vary from state to state, and the following list is the property that is protected in the bankruptcy code of Alabama. For more information, follow this link: bankruptcy exemptions.

Real estate, automobile, and personal property

-Real property or mobile home to $5,000
-$3000 of any personal property, except wages
-Books
-Burial place
-Church pew
-Clothing
-Family portraits

Insurance

-Annuity proceeds or avails to $250 per month
-Disability proceeds to an average of $250 per month
-Fraternal benefit society benefits
-Life insurance proceeds or avails
-Mutual aid association benefits

Pensions

-IRAs & other retirement accounts
-Judges (only payments being received)
-Law enforcement officers
-State employees
-Teachers

Public Benefits

-Aid to blind, aged, disabled; other pubic assistance
-Crime victims' compensation
-Southeast Asian War POW's benefits
-Unemployment compensation
-Workers' compensation

Tools of Trade

-Arms, uniforms, and equipment for state military personnel

Bankruptcy Courts

Frank M. Johnson, Jr.
Federal Courthouse Annex
Suite B-110
One Church Street
Montgomery, AL 36104
(Serving Autauga, Barbour, Bullock, Butler, Chilton, Coosa, Covington, Crenshaw, Elmore, Lowndes, Montgomery, and Pike counties.)

George W. Andrews Federal Building
701 Avenue A
Opelika, Alabama 36801
(Serving Chambers, Lee, Macon, Randolph, Russell, and Tallapoosa counties)

Federal Building and United States Courthouse
100 W. Troy Street
Dothan, AL 36303
(Serving Coffee, Dale, Geneva, Henry, and Houston counties)
 
 
 
 
 

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