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| Credit Card Debt Consolidation Help in Florida | ||||||||||||||||
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| Florida Debt Relief | ||||||||||||||||
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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 Florida 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. |
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| Pertinent Florida Debt Relief and Debt Help Laws | ||||||||||||||||
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(This is intended to be a helpful and informational debt resource for Florida consumers and does not constitute legal advice. For legal advice about your situation, contact a licensed professional in Florida.) Debt Collection Florida (FL) follows the set of federal laws dealing with collection agencies (and law firms that collect debts) that are collectively known as the Fair Debt Collection Practices Act (FDCPA). For more information on the FDCPA follow this link: debt collection. In addition: -Original creditor or creditor collecting own debt must comply with all the provisions of the FDCPA, except those provisions dealing with required disclosures. (For example, the original creditor does not have to verify the debt's validity). -Both original creditor and debt collector cannot communicate with debtor's employer before a judgment is obtained unless debtor consents. -Violations are punishable up to $1000, and debtor is entitled to reasonable attorney fees and an amount equal to the sum of the damages he or she sustained -Maximum Interest Rate a Collection Agency Can Charge in Florida: 5% above Federal Reserve discount window rate at the time interest is due Florida Wage Protection: 100% protection for heads of family up to $500 per week 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 currently live in Florida, the applicable statutes of limitations would be Texas'.) Oral Agreements: 4 years Written Contracts: 5 years Promissory Notes: 5 years Open Accounts (credit cards): 4 years Bankruptcy Courts Tampa Courthouse 801 N. Florida Avenue Tampa Bay, Florida 33602 Orlando Courthouse 135 West Central Boulevard Orlando, Florida 32801 Jacksonville Courthouse 300 North Hogan Street Jacksonville, Florida 32202 Fort Myers Courthouse 2110 First Street Fort Myers, Florida 33901 Claude Pepper Federal Building 51 S.W. 1st Avenue Room 1517 Miami, FL 33130 U.S. Courthouse 299 E. Broward Blvd. Room 112 Fort Lauderdale, FL 33301 Flagler Waterview Building 1515 North Flagler Drive 8th Floor West Palm Beach, FL 33401 Northern District of FLORIDA 3120 New Federal Building 227 North Bronough Street Tallahassee, FL 32301 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 Florida. For more information, follow this link: bankruptcy exemptions. Also, Florida is a tenancy by the entirety 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 or personal property including mobile or modular home to unlimited value (cannot exceed half acre in municipality or 160 acres elsewhere; spouse or child of deceased owners may claim exemption) -Motor vehicle to $1000 -Any personal property to $1000 (double if married) -Federal income tax refund or credit -Health aids -Motor vehicles to $1,000 -Pre-need funeral contract deposits -Prepaid college education trust deposits -Prepaid medical savings account deposits Insurance -Annuity contract proceeds; does not include lottery winnings -Death benefits payable to specific beneficiary, not the deceased's estate -Disability or illness benefits -Fraternal benefit society benefits -Life insurance cash surrender value Public Benefits -Crime victims' compensation (unless the debtor is filing bankruptcy to discharge a debt incurred from the treatment of an injury sustained during the crime) -Public assistance -Social Security -Unemployment compensation -Veteran's benefits -Workers' compensation Pensions -County officers, employees -ERISA-qualified benefits, including IRAs and Roth IRAs -Firefighters -Police officers -State officers, employees -Teachers Other -Alimony, child support needed for support -Damages to employees for injuries in hazardous occupations |
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