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Franklin Debt Relief, LLC is a member of (TASC) The Association of Settlement Companies. This trade association has developed a standardized industry disclosure for consumers.
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Debt Relief in Alabama Call Today: (877) 274-1260 |
Start here for debt help! |
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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. In most circumstances, Franklin Debt Relief drastically reduces the monthly payment of our Alabama clients, and we settle their debts for between 40 and 50% of what is owed. The savings from our debt settlement program are tremendous, and it is the cheapest and fastest debt relief, debt consolidation or debt help solution 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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