Pennsylvania (PA) Debt Relief Since 2004
Get QUOTE – Call PA Debt Helpline (717) 484-9032
Pennsylvania Debt Relief Program Benefits:
- Reduced balances on credit card debt, medical bills, personal loans, and any unsecured debt
- One affordable payment each month
- See the light at the end of the tunnel. Know exactly how many monthly payments are left until you’re debt free.
- Resolve debt in 2-3 years on average
What do most Pennsylvania consumers do for Debt Relief?
In Pennsylvania, if you have debt, relief programs are available that include credit card debt negotiation, relief & consolidation services.
Pennsylvania is rated #8 out of all the states in the nation for having the best financial health. The average debt for a Pennsylvania consumer is only $39,100, where the average debt per consumer in the United States as a whole is $47,500. Pennsylvania consumers have eighteen percent less debt than the rest of the country. Pennsylvania consumers have a higher amount of student loan debt than the United States average, but less of every other kind of debt. I guess that makes a lot of sense because if you are getting a college education, then you are likely to have smarter financial habits.
Let us help you to be amongst the other Pennsylvanians who are debt-free! Call 866-376-9846 now!
Option One & Two:
Pennsylvania Debt negotiation, also known as debt settlement services or debt validation:
Debt settlement services can allow you to pay off your unsecured debt in anywhere from 2-3 years on average. You’ll pay a significant amount less than the total owed on each of your debts.
This program is for anyone who’s experiencing a financial hardship. Anyone who can’t afford to stay current on credit card monthly payments is experiencing “financial hardship”.
After getting approved for debt settlement in Pennsylvania:
All of your creditors are immediately alerted that you joined the program.
Since you will have a Pennsylvania debt settlement lawyer representing you, by law, all creditor phone calls must stop and get directed to your attorney. The Pennsylvania law firm will negotiate with each creditor, to reduce the balance on all of your debts.
At this point, if any creditors decide to call you they will be in violation of the Fair Debt Collection Practices Act (FDCPA).
How Much Does The PA Debt Settlement Program Cost?
You will only pay around 70% of your total debt (including fees). There’s no additional interest or late fees, everything’s included in that 70%. With debt settlement, you don’t pay interest. All late fees will get mitigated into the final debt settlement payoff.
How Does PA Debt Settlement Work?
You make one payment each month into your trust account. This one monthly payment accounts for taking care of all of your debts. As payments are made, money starts to accumulate in your trust account.
When enough money accumulates to pay a creditor at the reduced amount, you must then authorize the payment. Each debt will get settled for around 40% of the balance. Once a settlement offer is locked-in-place, the law firm will call you with the good news.
Your creditor will give us (You & Debt Settlement Lawyer) a settlement offer in writing. You will have the option to reject or accept the offer. Of course, 9 out of 10 times clients will accept. Occasionally, a client will opt to wait on a creditor settlement so that we can try to get a better deal in the future. One by one each creditor gets settled, reduced and paid off.
Debt Validation for Pennsylvania Residents:
On a debt validation program, the plan starts by forcing your third-party debt collectors to prove they’re abiding by all of the federal laws. This is done by disputing each of your alleged debts. The laws used in the validation plan include the Credit Card Act, the Fair Debt Collection Practices Act, Fair Credit Reporting Act, and the Truth in Lending Act.
If creditors are violating your legal rights, a lawyer can use these violations to get your debt dismissed. Violations can also be used as leverage when settling a debt, to get a better discount. If debt collectors can’t prove they’re abiding by all of the federal laws, your debt can become legally uncollectible. A legally uncollectible debt doesn’t have to get paid.
For example, debt validation requests a copy of a debt collector’s license and the original agreement that was signed when you originally opened a credit card. The debt collection company must now produce this material in a timely manner.
Also, debt validation will test the creditor to see if they know certain details that legally they are required to know. For example, the debt collection company will be asked when the statute of limitations expires on a debt and what the original account number was when the account was issued. Again, these are just a few examples. Your creditors need to accurately answer these questions before continuing to collect on the debt.
The actual dispute package consists of over 30-pages of disputes, line by line requesting answers and documentation! If any documentation can’t get produced or if any of the information is wrong, your debt can no longer legally be collected on or reported to the credit reporting agencies.
A legally uncollectible debt is one that you don’t have to pay and it can no longer legally get reported to Equifax, Transunion or Experian.
Talk to a Pennsylvania Debt Relief Expert for FREE at (717) 484-9032
Included in the debt validation program is credit repair.
The credit repair program is taking place simultaneously, as your debts are getting disputed. The credit repair program starts on month number one, reviewing your credit report for any derogatory information that does not belong. If inaccurate information appears on your credit report this information will get disputed. Once your debts are invalidated, now these debts can also get disputed because they’ve been proven to be legally uncollectible and don’t belong on your credit report.
If a debt collection company proves a debt to be valid, at that point your debt will end up getting settled for much less than the full balanced owed. You would be fully refunded for fees paid into the program for a particular debt that doesn’t get resolved. Debt settlement is the second approach to debt validation if a debt is proven to be valid.
That’s a BIG IF. In many cases, once credit card debt goes to a third-party debt collection company, it is often proven to be invalid after getting disputed. Just look at Golden Financial’s track-record and online customer reviews. Action speaks louder than words, and based on our track record and the online reviews, this speaks louder than words! We’ve had less than a handful of complaints over the last six years. This huge success is mainly attributed to the fact that we offer multiple debt relief options for Pennsylvania residents to choose from. Having said that, debt validation is by far the most popular plan.
When a debt gets sold to a third party debt collection company:
- Creditors don’t transfer all of the required documentation
- unauthorized fees get added in
- information turns inaccurate
At times, creditors know that they’ve violated rules and regulations so will quickly agree to stop collection and remove the debt from a person’s credit report. Here you can learn more about debt validation and see success case examples.
On average you will pay back around 70% of your debt if it gets settled, and this includes all fees. If a debt is invalidated, then you will pay even less money.
If you are current on your accounts when joining a debt validation or debt negotiation program, your credit score will go down because your creditors don’t get paid on a monthly basis on either plan.
The good news is that credit scores can be rebuilt, and as part of the debt validation program you will be assisted on this task. Our debt validation partner company has recently established a deal with one of the major banks, to issue clients an installment loan for the purpose of rebuilding their credit score.
Why Validation Over Debt Settlement?
- Could end up paying much less with validation
- Get written guarantee with validation
- Includes credit repair with validation
- Can still use debt negotiation as a second alternative if needed
- Could get the debt removed entirely from credit report with validation
- With debt settlement, you could owe taxes on the amount saved, but if the debt is proven to be invalid there are no taxes owed
- Creditors must stop all harassment and cease collection on the debt immediately after receiving the dispute
- The average plan is 24 months on validation, versus 36 months on debt settlement
Pennsylvania Consumer Credit Counseling can reduce your interest rates down to 8-10%. With this type of credit card relief plan, you make one single consolidated payment each month.
You will still qualify for consumer credit counseling with bad credit. Debt consolidation loans are another story. With bad credit, getting a low-interest debt consolidation loan is near impossible. Consumer credit counseling is not a loan.
You only have to pay one monthly payment to the consumer credit counseling company. The consumer credit counseling company then disburses the funds to each of your creditors but at the lower interest rate and payment.
With consumer credit counseling, you can be up to two months behind on monthly payments and still qualify. Your accounts will get re-aged and put back to “current status”. Your credit will benefit from consumer credit counseling in this way.
You will pay the full amount back, but less interest, after getting approved for a Pennsylvania consumer credit counseling program. Most consumers prefer a hardship program because they are looking to save the most money. Consumer credit counseling is a good option if you can afford to stay current on your accounts because you’ll preserve your credit score.
Not all creditors will work with a non-profit consumer credit counseling company. Always make sure to ask the company what lenders are willing to reduce the interest rates, and which ones are not. Sometimes a less reputable company will fail to tell their clients what creditors didn’t agree to reduce the interest rates, so make sure to ask this detail.
Being Sued for Credit Card Debt in Pennsylvania
The Pennsylvania Statute of Limitations on written contracts, including credit cards, medical bills, and personal loans, is four years (42 Pa. C.S. 5525(a)). This four-year statute of limitations in Pennsylvania also includes open-end accounts, oral contracts, and promissory notes. Below, we will explain the difference between open-end and closed-end accounts.
If a creditor is trying to sue you over an unpaid credit card debt in PA and its been over four years since you last paid it, legally, the collection agency can no longer sue you over the debt. Of a matter fact, you can now sue the debt collector for illegally attempting to collect on the debt, and under the Fair Debt Collection Practices Act (FDCPA), you could receive up to $1,000 per violation.
Golden Financial Services can advise you on what options you have and set you up with a debt validation plan to help you dispute any debts where your creditors may be illegally trying to collect on the debt. Merely Call Toll-Free (866) 376-9846 for Assistance!
What is an open-end account? Open-end accounts stay open and can be used over and over again. For example, a credit card is an open-end account; you can use it over and over again as long as you stay under your credit limit and pay your bill on time. Another example of an open-end account would be a home-equity line of credit and a debit card.
A closed-end account would be a loan that gets closed after you pay the entire balance in full. With a closed-end account the lender gives you a term, and within that term, your entire balance must be paid, along with a set amount of interest and fees that you agreed to at the signing of the loan.
If you buy a new bed or even a car on credit, the lender may issue you a term of five years of payments, and once the five years of payments are complete, the account will get closed. After your car loan is paid-in-full, you cannot charge anything else on it.
Who We Are
- Golden Financial Services has been assisting consumers in Pennsylvania since 2004 with debt relief programs
- Voted #1 debt relief company in the United States by Trusted Company Reviews & A+ rated with the Better Business Bureau
- Our program includes 24/7 online account tracking, monthly updates, award-winning national customer service department
Call us 866-376-9846
We strive to serve our customers with outstanding service. Our goal is to get you out of debt, but we also want to make you feel comfortable every step of the way. We teach you about the ups and downs of the program, what to do when certain situations occur and what to watch out for ensuring that debt collectors are not violating your rights. In your initial welcoming package, educational material and information on debt collector laws will be illustrated. We will also go over all of this information during your welcoming aboard phone call once approved for the plan.
We are proactive, know what could go wrong, and we make you aware of possible side effects ahead of time. The law firm assigned to your case will be ready to deal with any potential legal issues that could arise. The law firm’s job is to ensure that you are successful and ultimately become debt-free. If a creditor violates the FDCPA, your attorney can file a complaint against the creditor. That complaint will then be used as leverage when negotiating. At times a debt can even get dismissed over a legal violation. When a debt is dismissed it is also removed from a person’s credit report.
The law firm will even give you an assurance of performance, which is similar to a written guarantee. The Pennsylvania debt relief law firm representing you will guarantee a “minimum savings” or else a reduction in costs.
Do you have any of these fears holding you back from joining a debt relief program?
Afraid of paying high fees and not getting performance?
Your debt settlement program monthly payment already includes the program fee, it’s not extra. Plus, we only earn the fee after your debt gets resolved. The performance fee sits in your program’s “savings account”(where you have sole control of the funds). We have access to monitoring this fee only. Any fees you pay for a particular debt to get resolved will get refunded to you if results aren’t achieved. The debt validation program includes a money back guarantee. The PA attorney model debt settlement plan includes an assurance of performance, similar to a guarantee.
Are you afraid that there is no guarantee on this type of program?
You don’t pay any fees if results are not achieved. The debt validation program includes a written guarantee. The debt settlement program includes a written assurance of performance. Debt settlement does not even charge a fee until your debt is settled and resolved. The reason funds sit in escrow is so that they can stay in your name at all times.
Scared of getting sued?
My credit card company may sue me, right? Less than 3% of the credit card companies will sue a debt negotiation client. If you do get served with a summons your Pennsylvania debt relief lawyer will settle the debt prior to court. A settlement on a summons account will be costlier than the average debt settlement, but you’ll still save some money on it. With debt validation, you would be refunded any money paid into the program for that particular account. With the refund, you can pay the attorney that you are then referred to who will be resolving the summons for you. A summons can be disputed or challenged, and then dismissed, but requires an attorney to deal with it.
If you get served a summons, immediately send it over to customer service. Customer service will assign the summons to a Pennsylvania attorney. Just like any other debt, a credit card summons will get settled and paid. 90% of credit card summons accounts are either fraud, inaccurate or flawed in some way or another. You will be refunded if an account can’t get resolved.
– Golden Financial Services is A+ rated with the BBB and has NO unresolved complaints in Pennsylvania for debt relief.
Scared of ruining your credit?
Anytime you stop paying on credit card payments on a monthly basis, your credit score will go down. After your debt is settled and paid, you can rebuild your credit score and won’t have any more debt holding you back! Keep in mind, having high balances on credit cards, also negatively affects a person’s credit score. If you have maxed out credit cards, lenders may not issue you any more credit. Your credit score may be 700, but if all of your cards are maxed out, you’ll still have difficulty obtaining credit. Your credit utilization ratio makes up 35% of your credit score.
Afraid to sign up on the wrong debt relief program?
Debt settlement, consumer credit counseling, and debt validation services are all different programs. You can pick which option you want to sign up for when going through Golden Financial Services. Not one program is right for everyone. Contact Golden Financial Services for a free consultation and talk to an experienced and IAPDA certified debt specialist for free. During your consultation, we will review each debt relief option. You’ll then have the power to choose which plan you want to enroll in. Golden Financial Services can enroll you into a Pennsylvania attorney based debt settlement plan with a top rated law firm. You will also have the option to enroll in a debt validation plan. Or we can refer you to a non-profit consumer credit counseling company.
Call to See if You Qualify for Pennsylvania Debt Consolidation & Debt Relief Programs Toll-Free 866-376-9846
Learn about debt relief programs in other states:
National hardship debt relief program, Arizona debt relief, California debt relief, Florida Debt Relief, Maryland Debt Relief, New York Debt Relief, Georgia Debt Relief, Texas Debt Relief, San Diego Debt Relief and Wisconsin Debt Relief.