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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.
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Credit Card Debt Consolidation Help in Utah Call Today: (877) 274-1260 |
Start here for debt help! |
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Utah 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 Utah 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 Utah.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 Utah Debt Relief and Debt Help Laws (This is intended to be a helpful and informational debt resource for Utah consumers and does not constitute legal advice. For legal advice about your situation, contact a licensed professional in Utah.)Debt Collection Utah 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 cannot threaten to use violence or other criminal means to cause harm to the debtor. If the original creditor does this, it loses its rights to collect the debt through legal means against the debtor. Maximum Interest Rate a Collection Agency Can Charge in Utah: 10% Utah Wage Protection: 75% of disposable weekly earnings (after tax income) or 30 times federal hourly minimum wage, whichever is greater 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 Utah, the applicable statutes of limitations would be California's.) Oral Agreements: 4 years Written Contracts: 6 years Promissory Notes: 6 years Open Accounts (credit cards): 4 years Bankruptcy Court Frank E. Moss U.S. Courthouse 350 South Main Street, #301 Salt Lake City, Utah 84101 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 Utah. For more information, follow this link: bankruptcy exemptions. Real Estate, Auto, Personal Property -Real property, mobile home, or water rights to $20,000 if primary residence; $5000 if not primary residence -Motor vehicles to $2500 -Animals, books, and musical instruments to $500 -Artwork depicting, or done by, a family member -Bed, bedding, carpets -Burial plot -Clothing (cannot claim furs or jewelry) -Dining and kitchen tables and chairs to $500 -Food to last 12 month -Health aids -Heirlooms to $500 -Personal injury, wrongful death recoveries for person you depended upon -Proceeds for sold, lost or damaged exempt property -Refrigerator, freezer, microwave, stove, sewing machine, washer and dryer Insurance -Fraternal benefit society benefits -Disability, medical illness, or hospital benefits -Life insurance policy cash surrender value to $5000 -Life insurance proceeds if beneficiary is insured's spouse or dependent, as needed for support Public Benefits -Crime victims' compensation -Veterans' benefits -Unemployment compensation -Workers' compensation -General assistance -Occupational disease disability benefits Pensions -ERISA-qualified benefits (accumulated benefits and contributions made at least 1 year prior to filing) -IRAs and Roth IRAs, Keoghs (accumulated benefits and contributions made at least 1 year prior to filing) Tools of Trade -Implements, books, and tools of trade to $3500 -Military property of National Guard member Other -Alimony, child support -Property of business partnership |
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