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Credit Card Debt Lawyers in Illinois

If you're one of the millions of Americans who are struggling to make ends meet, you know how easily credit card debt can spiral out of control.

The cycle goes like this:

  • When suffering a financial hardship, you rely on your cards to help cover the cost of your everyday expenses.
  • By the time the bills show up, you can't afford to pay anything but the minimum payments.
  • Your creditors slam you with massive interest charges.
  • Then you have to use your cards more to get through the next month…
  • Or you use a second card to pay the interest on the first.
  • … and the cycle continues

If this borrow-and-spend debt spiral sounds familiar to you, you're not alone. As the leading bankruptcy filer in Illinois, DebtStoppers has helped thousands of people break free from this destructive cycle.

If you want to wipe out your debts and start fresh, call or text DebtStoppers today to schedule a free one-on-one financial evaluation with an experienced Chicago lawyer.

What Are Your Options to Free Yourself of Credit Card Debts?

While there are various paths you can take to try to pay down your credit cards, hiring a lawyer to file for bankruptcy is the ONLY CHOICE that allows you to eliminate the balances on all your credit cards.

The Old-Fashioned Way

You could try it the "old-fashioned" way — stop spending and pay down the balances on your cards over time. The problem with this route is that large monthly interest charges make it nearly impossible to get out of debt, and you'll often end up further in debt if you choose this path.

Debt Consolidation

Another direction you could go is taking out a consolidation loan. The idea is to refinance your debt into a single loan with a (possibly) lower interest rate.

While it might seem more straightforward to make one payment each month, each installment will be much larger. If you can't afford to pay the whole thing, you'll get hit with late fees and start down the debt spiral all over again.

Plus, if you've taken some hits to your credit score, your interest rate on one of these loans might not be much lower than the rates for your cards.

Debt Settlement

Then there's the debt settlement route. Settlement companies offer to negotiate with your creditors to pay less than the full amount you owe on your credit cards. To fund this "settlement," these companies tell you to stop paying on your cards and pay them every month instead.

Not only can this severely damage your credit, but the settlement is not guaranteed. You could end up losing everything you pay to a settlement company, destroy your credit, and not make a dent in your debts.

A DebtStoppers Bankruptcy Plan

Filing for Chapter 7 bankruptcy is different. Using a Chapter 7 lawyer allows you to wipe out the balances on your credit cards and start over. While the laws technically allow your assets to be liquidated to pay your creditors, this rarely happens. If you want to walk away from your debts once and for all, a DebtStopper bankruptcy lawyer can help.

How to Defend Against Collections in Illinois?

In Illinois, the statute of limitations for collecting on credit card debt is a staggering ten years. That means you could be dealing with phone calls from bill collectors and creditor harassment for many years to come.

A DebtStoppers bankruptcy lawyer can help you fix this problem as well. As soon as your lawyer files your petition, the court will order your creditors to STOP ALL COLLECTIONS. This means they won't be allowed to contact you at all, let alone try to take your money.

If a creditor continues to harass you after you file, your DebtStoppers lawyer will take them to court (on our dime!) and get you the financial compensation you deserve.

Our Experienced Attorneys in Chicago Can Help You

Call or text DebtStoppers today at 312-913-0630 to request a personal consultation with an experienced Illinois lawyer near you. We've helped thousands start over with a DebtStoppers bankruptcy plan, and we can help you too.

DebtStoppers is proud to be the only law firm in Chicago that will file your Chapter 7 at no initial cost to you. Call or text us at 312-913-0630 to schedule a free consultation with a practiced bankruptcy lawyer.