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

Debt Collection Washington D.C. 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.

District of Columbia Wage Protection: 75% of net earnings

In addition:

-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).
-Debt collector cannot:
-use the words "District of Colombia" or "D.C" to imply that it is an instrument of the federal government.
-attempt to convince the debtor to pay debt discharged in bankruptcy without clearly disclosing the nature and consequence of agreement and fact that debtor is not legally obligated to pay debt.
-attempt to collect collection agency's fee

-Maximum Interest Rate a Collection Agency Can Charge in District of Columbia: 6%

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 Washington D.C., the applicable statutes of limitations would be Texas'.)

Oral Agreements: 3 years
Written Contracts: 3 years
Promissory Notes: 3 years
Open Accounts (credit cards): 3 years

Bankruptcy Court

333 Constitution Ave.
N.W. Room 4400
Washington, D.C. 20001
202-565-2500: (203

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 Washington D.C. For more information, follow this link: bankruptcy exemptions.

Real Estate, Auto, Personal Property

-Any property used as a residence or co-op that debtor or debtor's dependent uses as a residence
-Motor vehicle to $2,575
-Up to $850 in any property, plus up to $8,075 of unused homestead exemption
-Appliances, books, clothing, household furnishings, goods, musical instruments, pets to $425 per item or $8,625
-Cemetery and burial funds
-Cooperative association holdings to $50
-Food for 3 months
-Health aids
-Higher education tuition savings account
-Residential condominium deposit
-All family pictures; all the family library to $400
-Payment including pain and suffering for loss of debtor or person depended on
-Uninsured motorist benefits
-Wrongful death damages

Insurance

-Disability benefits
-Fraternal benefit society benefits
-Group life insurance policy or proceeds
-Life insurance payments
-Life insurance proceeds if clause prohibits proceeds from being used to pay beneficiary's creditors
-Life insurance proceeds or avails
-Other insurance proceeds to $200 per month, maximum 2 months, for head of family; otherwise $60 per month
-Unmatured life insurance contract other than credit life insurance

Public Benefits

-Aid to blind, aged, disabled; general assistance
-Crime victims' compensation
-Social Security
-Unemployment compensation
-Veterans' benefits
-Workers' compensation

Pensions

-ERISA-qualified benefits, IRA, Keoghs, etc to maximum deductible contribution
-Any stock bonus, annuity, pension, or profit-sharing plan
-Judges
-Public school teachers

Tools of Trade

-Library, furniture, tools of professional, or artist to $300
-Tools of trade or business to $1625
-Mechanic's tools to $200
-Seal & documents of notary public

Other

-Alimony or child support
 
 
 
 
 

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