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Home / Legal Blog / Debt Settlement Reduces $100,000 Credit Card Debt

Consumer Law Blog

Debt Settlement Reduces $100,000 Credit Card Debt

Jeremiah E. Heck

Written By:
Jeremy Heck

Date Posted:
01.21.2014

Category:
2014, Case Results, Debt Settlement, January

A married couple was leading a successful life earning more than $100,000 per year. But when hit with a 30 percent pay cut, they quickly became overwhelmed. Debts that previously were manageable became burdensome now that they were earning significantly less money. Together, they had more than $100,000 in credit card debt.

They wanted to avoid bankruptcy and the toll that would take on their lives, but they needed to do something. They started looking at all of their options and ended up contacting the debt help lawyers at Luftman, Heck & Associates about debt settlement.

Attorney Jeremiah Heck worked with the couple and their creditors to negotiate settlements and consolidate their bills. They were able to arrive at a monthly payment that was affordable and significantly less than their original payments. Their original debt of a little over $105,000 was reduced to less than $31,000. Their debt settlement payment schedule also allowed them to become debt-free in three years.

Prior results do not guarantee a similar outcome in your case. Individual results may vary based on the facts, injuries, jurisdiction, venue, witnesses, parties, and other factors. The results and client testimonials provided are not necessarily representative of the results obtained by all clients or their satisfaction with the firm’s services.

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