How to Get Debt Relief (Ultimate 50 State Guide 2022)
Dena Standley | October 19, 2022
When you find the debt relief you need ^^
Summary: If you are drowning in debt and seeking relief, SoloSuit's ultimate 50-state guide can help you find programs that will lighten your load.
Do you find that you are not making progress in managing your debt? Are you on the brink of giving up and wondering what to do? You are not alone. Thousands of Americans are overwhelmed by debt. They often find themselves with a lawsuit that results in wage garnishments and creditors gaining access to their bank accounts.
You can break free from debt by signing up for a debt relief program. Each state has local debt relief programs, while other national debt relief organizations help consumers across the country with tailor-made programs specific to their state's laws.
Debt relief programs help consumers make affordable payments while assisting them with reducing expenses and eliminating debt. The debt relief approach chosen could mean:
- Requesting lenders to reduce monthly payments by lowering the interest rates.
- Asking the creditors to reduce the total debt amount.
- Requesting for an extended period to lower the monthly payment.
Whichever method you implement, the primary goal is to manage the chaos, worries, confusion, and frustration you experience with overwhelming debt. Before giving you the debt relief programs available in your state, let us first look at the three main debt relief options.
Consider debt consolidation
Debt consolidation is a viable option if you have multiple debts with high-interest rates. Having numerous debt obligations also makes it challenging to organize. Consolidation works by merging multiple debts into a single manageable debt.
In addition, debt consolidation helps reduce the interest rate and lowers your monthly payments. This debt relief option has helped countless consumers manage their debt by removing the burden of keeping up with multiple bills from different credit card companies. Several options for debt consolidation exist to cater to your needs. They include:
- Personal loans: A bank lends you the money with better interest rates or a monthly repayment plan.
- Credit card balance transfer: Transfer debt to a new credit card with 0% interest for the first 12–18 months.
- Equity loan: Borrow against 80% of your equity, such as your home.
- Retirement account: Taking a 401k loan with reduced interest to cover the debt.
For successful debt consolidation, you need a steady source of income to make the payments to avoid penalization that might cancel out the benefits gained. You will also be risking losing your assets or life savings.
Secondly, you must have a relatively good credit score of about 670 and above to get a loan with a reasonable repayment plan and interest rates.
Debt settlement may be the best option for you
Debt settlement offers consumers relief from overwhelming debt when a lender agrees to lower the overall debt amount to a figure that the borrower can pay off at once or within a limited period. For example, if you owe $8,000 on a single credit card, you can offer to pay the credit card company $3,500. In return, they agree to erase the remaining $4,500.
You may be curious why a credit card company would accept such an offer. They take such offers because they fear you may be unable to pay the entire balance or you have convinced them that you have no means to pay the whole amount. Debt settlement works by:
- The lender initiating the settlement: If you receive an offer from a creditor, negotiate further, and they are likely to accept your offer.
- The borrower initiating the settlement: Plan how you will convince the lender to settle for a reduced amount, and they may accept the offer.
- Using a debt settlement company: These companies have a business relationship with some creditors and can often get a better compromise than you can as an individual.
Debt settlement may not be an option for you if you do not have substantial money to pay the settlement deal. You also risk getting your credit card account closed for having a bad debt track record. The closure will affect your credit score and lower your chance of getting a new line of credit.
Bankruptcy should be the last resort
Bankruptcy is a court-approved debt management option where the debtor seeks relief from some or all their pending debts because they have no means of repaying the creditors. Bankruptcy for some consumers is the last option because they do not have money to enter into the debt-relief options we have discussed. Two types of bankruptcy are most common for individual debtors. They are:
- Chapter 7 bankruptcy: This option allows you to walk away from your unsecured debt, but you are still obligated to continue paying non-dischargeable debts such as child support and alimony.
- Chapter 13 bankruptcy: This option includes a 3–5 year repayment plan that gives you time to reorganize your debt and pay without liquidating your assets. If you keep up with the payments for the specified period, the remaining unsecured debt will be discharged.
There you have it, the three main types of debt relief options to choose from to manage your debt. Let us now look at the debt relief programs available in each state to help you find relief from overwhelming debt.
Debt relief programs available in all states
Solosuit can help
As you research the best debt relief program to sign up for, we can help you get creditors and collection agencies off your back using our legal documents. Our software helps you create professional documents acceptable to the courts. Our documents and in-app tool help you to:
- Request for debt validation: Send our Debt Validation Letter if the creditors have contacted for an unpaid debt. This document asks the creditors to confirm the debt belongs to you and that the figures are accurate.
- Prompt the creditor to honor the arbitration clause: Our Motion to Compel Arbitration requests the creditor to settle out of court as per the arbitration clause on the credit card agreement.
- Requests them to settle out of court: Our SoloSettle tool helps you resolve debt quickly by requesting the creditor to settle the debt out of court to avoid the extra expenses for both parties.
We effectively help consumers find relief from the concerns they have over their debt. Here is a review from a satisfied customer on our Google review platform.
Let's take a look at a real customer who used SoloSuit,
Example: "I found SoloSuit on YouTube, and they made everything so simple from the start. I was a little worried when I got summoned by the sheriff and intimidated, but after watching SoloSuit videos and following their advice, I felt the weight lift off my shoulders. I'm very grateful for their speedy response to all my questions and concerns. Will definitely recommend them to friends in need of advice with credit collection issues."
- Lydia Galvan
What is SoloSuit?
SoloSuit makes it easy to fight debt collectors.
You can use SoloSuit to respond to a debt lawsuit, to send letters to collectors, and even to settle a debt.
SoloSuit's Answer service is a step-by-step web-app that asks you all the necessary questions to complete your Answer. Upon completion, we'll have an attorney review your document and we'll file it for you.
Respond with SoloSuit
"First time getting sued by a debt collector and I was searching all over YouTube and ran across SoloSuit, so I decided to buy their services with their attorney reviewed documentation which cost extra but it was well worth it! SoloSuit sent the documentation to the parties and to the court which saved me time from having to go to court and in a few weeks the case got dismissed!" – James
We have answers.
Join our community of over 40,000 people.
You can ask your questions on the SoloSuit forum and the community will help you out. Whether you need help now or are just looking for support, we're here for you.
Ask a Question
>>Read the FastCompany article: Debt Lawsuits Are Complicated: This Website Makes Them Simpler To Navigate
>>Read the NPR story on SoloSuit. (We can help you in all 50 states.)
How to answer a summons for debt collection in your state
Here's a list of guides for other states.
All 50 states.
Guides on how to beat every debt collector
Being sued by a different debt collector? Were making guides on how to beat each one.
Win against credit card companies
Is your credit card company suing you? Learn how you can beat each one.
Going to Court for Credit Card Debt — Key Tips
How to Negotiate Credit Card Debts
How to Settle a Credit Card Debt Lawsuit — Ultimate Guide
Get answers to these FAQs
Need more info on statutes of limitations? Read our 50-state guide.
Why do debt collectors block their phone numbers?
How long do debt collectors take to respond to debt validation letters?
What are the biggest debt collector companies in the US?
Is Zombie Debt Still a Problem in 2019?
If a car is repossessed, do I still owe the debt?
Is Portfolio Recovery Associates Legit?
Is There a Judgment Against Me Without my Knowledge?
Should I File Bankruptcy Before or After a Judgment?
What is a default judgment?— What do I do?
Summoned to Court for Medical Bills — What Do I Do?
What Happens If Someone Sues You and You Have No Money?
What Happens If You Never Answer Debt Collectors?
What Happens When a Debt Is Sold to a Collection Agency
What is a Stipulated Judgment?
What is the Deadline for a Defendants Answer to Avoid a Default Judgment?
Can a Judgement Creditor Take my Car?
Can I Settle a Debt After Being Served?
Can I Stop Wage Garnishment?
Can You Appeal a Default Judgement?
Do I Need a Debt Collection Defense Attorney?
Do I Need a Payday Loans Lawyer?
Do student loans go away after 7 years? — Student Loan Debt Guide
Am I Responsible for My Spouses Medical Debt?
Should I Marry Someone With Debt?
Can a Debt Collector Leave a Voicemail?
How Does Debt Assignment Work?
What Happens If a Defendant Does Not Pay a Judgment?
How Does Debt Assignment Work?
Can You Serve Someone with a Collections Lawsuit at Their Work?
What Is a Warrant in Debt?
How Many Times Can a Judgment be Renewed in Oklahoma?
Can an Eviction Be Reversed?
Does Debt Consolidation Have Risks?
What Happens If You Avoid Getting Served Court Papers?
Does Student Debt Die With You?
Can Debt Collectors Call You at Work in Texas?
How Much Do You Have to Be in Debt to File for Chapter 7?
What Is the Statute of Limitations on Debt in Washington?
How Long Does a Judgment Last?
Can Private Disability Payments Be Garnished?
Can Debt Collectors Call From Local Numbers?
Does the Fair Credit Reporting Act Work in Florida?
The Truth: Should You Never Pay a Debt Collection Agency?
Should You Communicate with a Debt Collector in Writing or by Telephone?
Do I Need a Debt Negotiator?
What Happens After a Motion for Default Is Filed?
Can a Process Server Leave a Summons Taped to My Door?
Learn More With These Additional Resources:
Need help managing your finances? Check out these resources.
How to Make a Debt Validation Letter - The Ultimate Guide
How to Make a Motion to Compel Arbitration Without an Attorney
How to Stop Wage Garnishment — Everything You Need to Know
How to File an FDCPA Complaint Against Your Debt Collector (Ultimate Guide)
Defending Yourself in Court Against a Debt Collector
Tips on you can to file an FDCPA lawsuit against a debt collection agency
Advice on how to answer a summons for debt collection.
Effective strategies for how to get back on track after a debt lawsuit
New Hampshire Statute of Limitations on Debt
Sample Cease and Desist Letter Against Debt Collectors
The Ultimate Guide to Responding to a Debt Collection Lawsuit in Utah
West Virginia Statute of Limitations on Debt
What debt collectors cannot do — FDCPA explained
Defending Yourself in Court Against Debt Collector
How to Liquidate Debt
Arkansas Statute of Limitations on Debt
Youre Drowning in Debt — Heres How to Swim
Help! Im Being Sued by My Debt Collector
How to Make a Motion to Vacate Judgment
How to Answer Summons for Debt Collection in Vermont
North Dakota Statute of Limitations on Debt
ClearPoint Debt Management Review
Indiana Statute of Limitations on Debt
Oregon Eviction Laws - What They Say
CuraDebt Debt Settlement Review
How to Write a Re-Aging Debt Letter
How to Appear in Court by Phone
How to Use the Doctrine of Unclean Hands
Debt Consolidation in Eugene, Oregon
Summoned to Court for Medical Bills? What to Do Next
How to Make a Debt Settlement Agreement
Received a 3-Day Eviction Notice? Heres What to Do
How to Answer a Lawsuit for Debt Collection
Tips for Leaving the Country With Unpaid Credit Card Debt
Kansas Statute of Limitations on Debt Collection
How to File in Small Claims Court in Iowa
How to File a Civil Answer in Kings County Supreme Court
Roseland Associates Debt Consolidation Review
How to Stop a Garnishment
Debt Eraser Review
Do Debt Collectors Ever Give Up?
Can They Garnish Your Wages for Credit Card Debt?
How Often Do Credit Card Companies Sue for Non-Payment?
How Long Does a Judgement Last?
How Long Before a Creditor Can Garnish Wages?
How to Beat a Bill Collector in Court