| |
| 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.
|
Credit Card Debt Consolidation Help in Pennsylvania (PA) Call Today: (877) 274-1260 |
Start here for debt help! |
||||||
Pennsylvania 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. In most circumstances, Franklin Debt Relief drastically reduces the monthly payment of our Pennsylvania 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 consumers throughout Pennsylvania.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 Pennsylvania Debt Relief and Debt Help Laws (This is intended to be a helpful and informational debt resource for Pennsylvania consumers and does not constitute legal advice. For legal advice about your situation, contact a licensed professional in Pennsylvania.)Debt Collection Pennsylvania 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). Maximum Interest Rate a Collection Agency Can Charge in Pennsylvania: 6% Pennsylvania Wage Protection: 100% protection 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 Pennsylvania, the applicable statutes of limitations would be California's.) Oral Agreements: 4 years Written Contracts: 4 years Promissory Notes: 4 years Open Accounts (credit cards): 6 years Bankruptcy Courts Robert N.C. Nix, Sr. Federal Courthouse 900 Market Street, Suite 400 Philadelphia, PA 19107 The Madison Building 400 Washington Street Reading, PA 19601 U.S. Bankruptcy Court 5414 U.S. Steel Tower 600 Grant Street Pittsburgh, PA 15219 U.S. Bankruptcy Court U.S. Courthouse Room B160 17 South Park Row Erie, PA 16501 U.S. Bankruptcy Court Penn Traffic Building Johnstown, PA 15901 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 Pennsylvania. For more information, follow this link: bankruptcy exemptions. Also, Pennsylvania 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 -$300 of any property, including cash -Bibles, schoolbooks -Clothing -Military uniforms and accoutrements -Sewing machines Insurance -Accident or disability benefits -Fraternal benefit society benefits -Group life policy or proceeds -Insurance policy or annuity contract payments, where insured is the beneficiary, cash value or proceeds to $100 per month -Life insurance and annuity proceeds if clause prohibits proceeds from being used to pay beneficiary's creditors -Life insurance annuity policy cash value or proceeds if beneficiary is insured's dependent, child, or spouse Public Benefits -Crime victims' compensation -Veterans' benefits -Unemployment compensation -Workers' compensation Pensions -City employees -County employees -Municipal employees -Police officers -Private retirement benefits to extent tax-deferred, if clause prohibits proceeds from being used to pay beneficiary's creditors; exemption limited to deposits of $15,000 per year made at least 1 year before filing (limit does not apply to rollovers from other exempt funds or accounts) -Public school employees -State employees Tools of Trade -Seamstress's sewing machine Other -Property of business partnership |
|
||||||