| |
| Home |
| Debt Settlement |
| Debt Help Options |
| About us |
| Contact us |
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.
|
Debt Help & Debt Relief in Arizona Call Today: (877) 274-1260 |
Start here for debt help! |
||||||
Debt Consolidation Help Arizona 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 Arizona 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 option available to Arizona 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 Arizona Debt Relief and Debt Help Laws (This is intended to be a helpful and informational debt resource for Arizona consumers and does not constitute legal advice. For legal advice about your situation, contact a licensed professional in Arizona.)Arizona Debt Collection Arizona 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. - Debt collector cannot send mail or telephone debtor at work unless a good-faith effort has been made to contact debtor at home and that effort has failed.. -Debtor is reserved the right to see agency's records concerning debt free of cost -Collection agency cannot contact any third party in order to inform them of the debt, to ask them to pressure the debtor to paying the debt, or pressure them to pay the debt when they are not legally obligated to do so. -In the first contact, collection agency must disclose: name of creditor, time and place debt was incurred, merchandise or service purchased, and date the account was turned over for collection. Arizona Debt Law (Page 42) Maximum Interest Rate a Collection Agency Can Charge in Arizona: 10% Statute of Limitations 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 Arizona, the applicable statutes of limitations would be Texas'.) Oral Agreements: 3 years Written Contracts: 3 years Promissory Notes: 3 years Open Accounts (credit cards): 3 years Arizona Wage Protection: 75% of earned but unpaid weekly net earnings or 30 times the federal minimum hourly wage (only 50% of wages protected for support orders) Bankruptcy Court Locations: serving Phoenix, Tempe, Tuscon, Scottsdale, Mesa, Glendale and the rest of the Arizona Phoenix Division 230 N. First Ave, Suite 101 Phoenix, AZ 85003 602-682-4000 Tucson Division 38 South Scott Avenue Tucson, AZ 85701 520-202-7500 Yuma Division 325 W. 19th Street Suite D Yuma, AZ 85364 928-783-2288 Prescott Division 3001 N. Main Street Suite 2E Prescott Valley, AZ 86314 602-682-4000 Arizona Debt Relief: 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 Arizona. For more information, follow this link: bankruptcy exemptions. Also, Arizona is a community property state. Click here to learn about what this means if you have debt that's in only one spouse's name. Real estate, Auto, Personal Property -Real property, an apartment, or mobile home you occupy to $150,000; sale proceeds exempt 18 months after sale or until new home purchased, whichever occurs first (no doubling of homestead exemption if married) -May record homestead declaration to clarify which one of multiple eligible parcels is being claimed as homestead -Automobile to $5000 ($10,000 if you are disabled) -Bank deposit to $150 in one account -Bible, bicycle, sewing machine, typewriter, burial plot, rifle, pistol, or shotgun to $500 combined -Books to $250; clothing to $500; wedding & engagement rings to $1,000; watch to $100; pets, horses, milk cows, & poultry to $500; musical instruments to $250 -Food and fuel to last 6 months -Funeral deposits to $5,000 -Health aids -Prepaid rent or security deposit to $1,000 or 1 ½ times your rent, whichever is less, in lieu of homestead -Proceeds for sold or damaged exempt property -Wrongful death awards Insurance -Fraternal benefit society benefits -Group life insurance policy or proceeds -Health, accident, or disability benefits -Life insurance cash value or proceeds to $25,000 total if beneficiary is spouse or child & owned at least two years |
|
||||||