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Credit Card Debt Consolidation Help  in Utah
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!
 
 
 
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. 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 Utah 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 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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