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Credit Card Debt Consolidation Help  in Massachusetts
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!
 
 
 
Massachusetts  Debt Relief
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 Massachusetts 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 Massachusetts  Debt Relief and Debt Help Laws
(This is intended to be a helpful and informational debt resource for Massachusetts consumers and does not constitute legal advice. For legal advice about your situation, contact a licensed professional in Massachusetts.)

Debt Collection

Massachusetts (Mass.) 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.

-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).
-Debtor collector may contact a third party regarding the debt for a limited number of times.
-Debt collector and original creditor cannot:
-call more than twice a week to the home or call more than twice in 30 days to places other than home, per debt
-call unauthorized third parties about the debt
-make more than one home visit in 30 days without consent (excluding repossessions)
-make any office visits without consent (excluding repossessions) -attempt to get the debtor to reaffirm discharged in bankruptcy, without conspicuous disclosure of the consequences
-suggest that they are a lawyer or give legal advice
- fail to send the following notice in writing within 30 days after the first communication to the debtor:

NOTICE OF IMPORTANT RIGHTS

YOU HAVE THE RIGHT TO MAKE A WRITTEN OR ORAL REQUEST THAT TELEPHONE CALLS REGARDING YOUR DEBT NOT BE MADE TO YOU AT YOUR PLACE OF EMPLOYMENT. ANY SUCH ORAL REQUEST WILL BE VALID FOR ONLY TEN DAYS UNLESS YOU PROVIDE WRITTEN CONFIRMATION OF THE REQUEST POSTMARKED OR DELIVERED WITHIN SEVEN DAYS OF SUCH REQUEST. YOU MAY TERMINATE THIS REQUEST BY WRITING TO THE CREDITOR.

-provide all papers in the collector's possession bearing the debtor's signature and concerning the debt being collected
-provide ledgers, account cards, or similar records in the collector's possession showing the date and amount of payments, credits, and charges on the debt

Massachusetts Debt Law

-Maximum Interest Rate a Collection Agency Can Charge in Massachusetts: 6%

Massachusetts Wage Protection: $125 per week (75% protected by federal laws)

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 Massachusetts, the applicable statutes of limitations would be Texas'.)

Oral Agreements: 6 years
Written Contracts: 6 years
Promissory Notes: 6 years (20 years if signed before a witness)
Open Accounts (credit cards): 6 years

Bankruptcy Courts

United States Bankruptcy Court
1101 Thomas P. O'Neill, Jr. Federal Building
10 Causeway Street
Boston, MA 02222-1074

Worcester
United States Bankruptcy Court
Donahue Federal Building
595 Main Street, Room 211
Worcester, MA 01608-2076

Springfield
United States Bankruptcy Court
Federal Building and Courthouse
1550 Main Street
Springfield, MA 01103

Mass. 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 Massachusetts. For more information, follow this link: bankruptcy exemptions.

Also, Massachusetts is a tenancy by the entirety 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

-Property you occupy or intend to occupy including mobile home to $500,000; if over 65 or disabled, $300,000 (spouse or children of deceased may claim homestead exemption)
-Motor vehicle to $700
-Bank deposits to $125; trust company, bank or credit union deposits to $500
-Furniture to $3000
-Beds and bedding, heating unit, clothing
-Bibles and books to $200 total, sewing machine to $200
-Burial plots, tombs, and church pew
-Cash for fuel, heat, water, or light to $75 per month
-Cash to $200 per month for rent, in lieu of homestead exemption
-Cooperative association shares to $100
-Food or cash for food to $300
-Moving expenses for eminent domain
-2 cows, 12 sheep, 2 swine, 4 tons of hay

Insurance

-Disability benefits to $400 per week
-Fraternal society benefits
-Group annuity policy or proceeds
-Group life insurance policy
-Life insurance or annuity contract proceeds if clause prohibits proceeds from being used to pay beneficiary's creditors
-Life insurance policy if beneficiary is married woman
-Medical malpractice insurance

Public Benefits

-Aid to familes with dependent children
-Public assistance
-Unemployment compensation
-Veterans' benefits
-Workers' compensation

Pensions

-Credit union employees
-ERISA-qualified benefits
-IRAs and Keoghs to specified limits
-Private retirement benefits
-Public employees
-Savings bank employees

Tools of Trade

-Arms, accoutrements, and uniforms required
-Fishing boats, tackle, and nets to $500
-Materials you designed and procured to $500
-Tools, implements, and fixtures to $500 total
Other

-Property of business partnership
 
 
 
 
 

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