Credit Card Debt Lawyer in Richmond, VA

Debt can happen to anyone, and it only takes one emergency for your financial troubles to start compounding. Medical bills not covered by your insurance, the unexpected loss of your job, an economic downturn, or a serious family emergency, among many other situations, can all lead to the need to charge more and more on your credit card. When this happens, accumulating interest or one missed payment can take years to pay off, all while creditors use harassing tactics to collect on your debts. You may also face the real possibility of losing your vehicle or home through repossession or foreclosure.

Flores Law PLLC can help relieve the stress of credit card debt. We can go over your options and find a solution that works for your specific circumstances. Call (804) 315-0810 for a free phone consultation.

How Can a Lawyer Help Settle Credit Card Debt?

An experienced attorney can leverage the nuances of the law to your advantage, using legal solutions to negotiate your credit card debts down. We can work with your creditors to settle your debts for less than you owe, or negotiate a repayment program that works with your current income.

One of the most effective ways to reduce your credit card debt is filing for bankruptcy. Chapter 13 or Chapter 7 will put a stop to creditor harassment and put a stay in place that prohibits future collection attempts. If a creditor violates the automatic stay, you may be entitled to pursue a lawsuit to collect financial damages under the terms of the Fair Debt Collection Practices Act.

Can a Creditor Sue Over Credit Card Debt?

The statute of limitations on credit card debt in Virginia is five years. This means that creditors have five years to bring a lawsuit against you to collect on your credit card debt. This five year time period is in place to protect consumers. After the statute of limitations expires, a creditor’s lawsuit against you may be thrown out. Not every debt follows Virginia’s statute of limitations, however, even if you are a resident of the state. Your credit card agreement may stipulate that the statutes of another state, typically where the credit card company is headquartered, actually apply, or that the statute is actually five years.

Even after the statute of limitations has expired, however, your debt still exists. While a creditor or a collection agency cannot sue, they can still call and send letters to collect on the existing debt. If you make a payment because of these harassing tactics, and the statute of limitations has not run out yet, it will reset, giving your creditor more time to bring a lawsuit against you. The debt will also still hurt your credit score.

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Rebuilding Your Credit

Getting behind on credit card payments can negatively affect your credit until your credit card debt is paid off. Bankruptcy offers this solution. While filing for bankruptcy may initially lower your credit score, the truth is that in most cases your post-filing score can increase. A bankruptcy will appear on your credit report for up to 10 years, but creditors care about your creditworthiness, which can actually increase by erasing your past debts and staying on top of your payments after those debts are paid off.

How We Can Help With Credit Card Debt in Virginia

At Flores Law PLLC, we are dedicated to helping clients from all walks of life find a brighter future free from their credit card debts. We stand with you through every step of the process, from getting to know your situation and finding a solution based on your needs, to guiding you through filing for bankruptcy and discharging your unsecured debt. We will advocate for you, answer your important questions, and help relieve your debt-related stress.

As the only Spanish-speaking bankruptcy attorney in Richmond, we are proud to help our local clients get out from under their credit card debt. For a free phone consultation in English or Spanish, call (804) 207-9902 or contact us online today.