Reed Law Firm, P.A. is a federally designated debt relief agency. We proudly help people file for bankruptcy relief under the U.S. Bankruptcy Code.
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Giving You Hope For a Debt-Free Future

SOUTH CAROLINA
BANKRUPTCY ATTORNEY

Debt Relief Archives

Some experts caution against debt relief companies

It is no secret that debt can be extremely stressful, and as a result, a solution touting itself as "quick" and "easy" will be attractive to an individual fighting unmanageable debt. However, South Carolina residents may be interested to know that not all debt relief companies are trustworthy. New studies suggest many of these companies are actually acting in violation of legislation designed to prevent them from taking advantage of those in debt.

Debt relief possible with plenty of hard work

For many in South Carolina, excessive levels of debt threaten financial stability. Even worse, the ever-present threat of impending financial doom permeates every aspect of one's life. Debt-related stress can affect one's marriage, job performance and even have a negative impact on an individual's parenting skills. When financial obligations reach crisis levels, debt relief is the only way to move forward.

A debt relief option that may be a scam in South Carolina

Homeowners that are seeking to have their mortgage debt reduced should beware of potential scams from phone solicitors. Homeowners in a nearby state have apparently been scammed by a company that promised a debt relief option to lower their mortgage based on the value of the home. South Carolina consumers may want to be alert to similar scams perpetrated in our state.

Debt relief is possible for recent grads

As many graduates are realizing, the working world of 2013 is somewhat more challenging than it has been in the past. In a difficult economy, seeking debt relief can be vital to South Carolina students entering adult life with considerable school and other debt. Thankfully, there are options available to students feeling the weight to help lighten the load and give them a fresh start in their new lives.

Advice for South Carolina residents seeking serious debt relief

High levels of debt can make life miserable for many in South Carolina. In an effort to assist struggling consumers, the Better Business Bureau (BBB) has issued a range of debt relief tips and tactics to help consumers get control of their debt and work toward saving for their future. The issue is of concern to many across the nation, as the average household currently holds nearly $16,000 in credit card debt.

Paying for college can leave parents in need of debt relief

With springtime comes the rush of college campus visits for prospective students and their parents. This is a time of great excitement, as kids prepare to select there they will go to school as they transition from adolescence to adulthood. It can be a stressful time for parents, however, and not only due to the knowledge that their children are about to leave the nest. The manner in which a college education is financed can have serious ramifications on the future financial security of both parents and children in South Carolina, and can leave some in desperate need of debt relief in the years to come.

Debt relief options for consumers facing a collections lawsuit

For South Carolina consumers who are in serious financial turmoil, collections efforts can feel overwhelming. There are calls to answer, mail to address and in some cases, notice of a court actions intended to collect on an unpaid account. Borrowers who are facing court action are often in need of serious debt relief.

Credit counseling not always the best path to debt relief

When debt levels reach a certain level, many South Carolina residents begin researching options for relief. One choice that many consider involves use of a nonprofit credit counseling agency. These companies offer to assist consumers in obtaining interest rate reductions, negotiating for the elimination of fines and fees and determining a repayment schedule that will bring the consumer debt relief over a period of time, usually ranging from three to five years.

Facebook debt collection may suggest need for debt relief

South Carolina residents who are behind on their financial obligations are all-too-familiar with the collection tactics employed by debt collection agencies. Standard practices include aggressive phone calls and a wide variety of mail, ranging from offers to pay a reduced amount to satisfy a debt to threats of legal action. However, many consumers in need of debt relief are experiencing a new form of collection attempts: the use of social media sites such as Facebook to track down and communicate with debtors.

South Carolina debt relief: Consumer debt at all-time high

National statistics may be a cause of concern for consumers in South Carolina. Recent research shows that consumer debt is at an all-time high and borrowing has risen to a staggering $2.75 trillion. The Federal Reserve reported that consumers have increased borrowing by over $14 billion from October of last year to September of this year. Consumers who find themselves in serious debt may be able to seek debt relief through a variety of options such as bankruptcy.

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Columbia, SC 29210
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Reed Law Firm, P.A.
220 Stoneridge Drive,
Suite 301

Columbia, SC 29210

Phone: 803-726-4888
Fax: 803-726-4887
Columbia Law Office Map

Reed Law Firm, P.A.
1807 West Evans Street,
Suite B

Florence, SC 29501

Phone: 843-679-0077
Fax: 843-679-0667
Florence Law Office Map

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