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

Debt Collection

New Jersey 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.

Maximum Interest Rate a Collection Agency Can Charge in New Jersey: 6%

New Jersey Wage Protection: decided by judge (90% protection if earning less than $7500 per year)

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 California but currently live in New Jersey, the applicable statutes of limitations would be California's.)

Oral Agreements: 6 years
Written Contracts: 6 years
Promissory Notes: 6 years
Open Accounts (credit cards): 6 years

Bankruptcy Courts

US Bankruptcy Court
District of New Jersey
401 Market Street
Camden, NJ 08101

US Bankruptcy Court
District of New Jersey
Martin Luther King, Jr. Federal Building
50 Walnut Street
Newark, NJ 07102

Clarkson S. Fisher US Courthouse
402 East State Street
Trenton, NJ 08608

Bankruptcy Exemptions

Federal bankruptcy exemptions are available. 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 New Jersey . For more information, follow this link: bankruptcy exemptions.

Also, New Jersey 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 and Personal Property

-Burial plots
-Personal property and possessions of any kind, stock, or interest in corporations to $1000 total


-Annuity contract proceeds to $500 per month
-Disability benefits
-Disability, death, medical, or hospital benefits for civil defense workers
-Disability or death benefits for military member
-Group life or health policy or proceeds
-Health or disability benefits
-Life insurance proceeds if clause specifically prohibits proceeds from being used to pay beneficiary's creditors
-Life insurance proceeds or avails if you're not the insured

Public Benefits

-Old age, permanent disability assistance
-Unemployment compensation
-Workers' compensation


-ERISA-qualified benefits for city employees
-Alcohol beverage control officers
-City boards of health employees
-Civil defense workers
-County employees
-Firefighters, police officers, traffic officers
-Municipal employees
-Prison employees
-Public employees
-School district employees
-State police
-Street & water department employees
-Trust containing personal property created pursuant to federal tax law, including 401(k) Plans, IRAS, Roth IRAs, and higher education savings plan

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