Start My Answer

How to Get Debt Relief in Louisiana

George Simons | July 21, 2022

Finding debt relief feels like ^^

Summary: If you're struggling with debt in Louisiana, SoloSuit can help you find the relief you

If you are feeling burdened by a significant amount of credit card debt (in addition to other forms of debt), do not throw your hands up in despair. Challenges associated with managing personal debt is a common issue. For example, the average American is carrying more than $6,000 in credit card debt, according to a survey conducted by Experian Consumer Credit Review. People residing in Louisiana have, on average, around $5,800 in credit card debt, according to CNBC.

If you are having a hard time managing your monthly debt payments, now is the time to figure out how to get debt relief in Louisiana.

Explore these Louisiana debt relief programs

  • Louisiana Housing Programs: The Louisiana Housing Corporation administers multiple programs offering assistance to renters, homebuyers and owners. These programs include fixed-rate, low-interest mortgages and assistance to renters in locating and securing affordable, community-based housing.
  • Operation Round-Up: Multiple utility companies operating in Louisiana participate in Operation Round-Up to help low-income residents struggling with utility bills. The way the program works is that utility customers can have their monthly bills rounded up to the nearest dollar to provide a fund to help needs such as eyeglasses, hearing aids, handicap modifications, wheelchair ramps, medication and food.
  • Louisiana ​​SeniorRX Program: Administered by the Governor's Office of Elderly Affairs, this program connects low-income, elderly Louisiana residents with pharmaceutical aid programs.
  • Private Student Loan Relief: Provides a network of financial counselors who link troubled families with trustworthy agencies for financial assistance with private student loans.

Consider a debt consolidation loan

Depending on your credit score, applying for a debt consolidation loan may be a viable option worth considering in your efforts to get rid of debt in Louisiana. The reason your credit score matters is primarily due to the fact that you have to apply, and be approved, for a consolidation loan.

A debt consolidation loan is a great way to lower your monthly payments if you have a high credit score and can secure a new loan at a more favorable interest rate. If you have a home, you can take out a home equity loan. If not, you will need to go to the bank and apply for a loan or secure a credit card balance transfer if the only debt you're consolidating is credit card debt.

A debt consolidation loan will help you by giving you one low monthly payment to attend to instead of several smaller payments to numerous creditors. This will allow breathing room so you can pay your other living expenses like your mortgage or rent, groceries, and utilities.

Please keep in mind that if you are approved for a consolidation loan and use it to pay off your other debts, you are still on the hook to pay down this new loan. You also need to exercise financial discipline to avoid going back into credit card debt so you are not stuck with both a consolidation loan and new credit card balances.

Adopt a debt paydown strategy

Along with debt consolidation loans, there are strategies you could adopt to help manage your debts and get them paid down in a reasonable amount of time. Two of the most popular strategies include the “snowball” strategy and the “avalanche” strategy.

If you opt for the snowball strategy, you will start by paying your smallest debt first and continue to make minimum payments on other debts to ensure you do not go into default. After you pay off the smallest balance, you then take that payment and roll it into the amount being applied toward your next balance. Once that balance is paid, you roll both payment amounts to the next highest balance and so on.

If you go with the debt avalanche strategy, you start by paying off the balance with the highest interest rate while continuing to pay the minimum payments on all of your other debts. When that balance is paid, you redirect that same payment towards another balance with the second highest interest rate, and so on.

Weigh the pros and cons of hiring a debt settlement company

Another option available to residents for figuring out how to get debt relief in Louisiana includes hiring a debt settlement company. Though, if you decide to work with a debt settlement program, it is important to go into the process with your eyes open understanding the potential costs you may incur.

For example, a debt settlement company will advise you to halt any and all future payments towards your debts. This means your accounts will be deemed delinquent and generate late fees, higher interest rates, and penalties like a hit to your credit score. In addition, debt settlement companies do not work for free. This means you need to be prepared to pay the company a fee for the work they do on your behalf. Another con to debt settlement is that the IRS will consider the difference between the settlement amount and the original amount owed as taxable income.

On the other hand, the benefit of working with a debt settlement company is that they may be able to ultimately negotiate a settlement with your creditors where you wind up paying only around 50%-80% of the total amount owed. It also takes the stress off of your mind to have a debt settlement company negotiate the payment agreement for you. With debt settlement, there's a great chance you will save yourself money and stress of figuring it all out alone.

Louisiana debt collection laws can protect you

One of the most important debt collections laws in the state of Louisiana is the statute of limitations on debt. This is the deadline that debt collectors and creditors have to sue a consumer for a debt. As a Louisiana resident, knowing the statutes of limitations for different kinds of debt can protect you from getting sued for an old debt:


Louisiana Statute of Limitations
on Debt

Debt Type

Deadline in Years

Written

10

Oral

10

Rent

3

On Account

3

Judgements

10


Source: Findlaw


This means that debt involving mortgage, credit cards, and auto loans have a statute of limitations of only three years. As such, if a debt collector wants to take you to court over any of these types of debts, they must do it within three years of your last payment on the account or your last written admission of the debt.

Summary of How to Get Debt Relief in Louisiana

If you reside in Louisiana and are struggling with a significant amount of debt (whether that be credit card debt, student loan debt, medical debt, etc.), do not throw your hands up in despair and embrace a life where you are perpetually dragged down by debt service payments. There are options available to show you how to get debt relief in Louisiana. Those options usually include:

  • Explore debt relief programs in Louisiana
  • Take out a debt consolidation loan
  • Use a paydown debt strategy
  • Negotiating a debt settlement with the assistance of a debt settlement company

No matter the option you choose, SoloSuit is here to help. If you've been sued for debt, you can use SoloSuit's free Answer form to respond in court and win. Check out this video to learn more about how to respond to a debt lawsuit:

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


Get Started


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?

SoloSuit FAQ

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