Florida Debt relief is the reduction of debt through a debt settlement program or debt consolidation. Pacific Debt specializes in debt settlement and we take an active approach to reduce your debt for substantially less than you currently owe. Most types of debt qualify for our debt relief program, including credit card debt, or any other type of unsecured debt.
How Does Florida Debt Relief Work?
The first step of the FL debt relief process is to have a FREE phone call with one of our debt specialists who can discuss with you all your options so you fully understand your position and what steps need to be taken with your creditors in order to reduce your debt. The debt relief program works by having you deposit an agreed amount in your very own escrow bank account. Once enough funds have been built up, our debt negotiators will get started negotiating a substantial debt settlement amount with your creditors. The program usually takes anywhere from 2-4 years to complete because everyone’s financial situation is different.
Is Florida Debt Relief Legit?
Pacific Debt has helped countless Florida residents reduce their unsecured debt. Since 2002, we’ve settled over $200 million in credit card debt for our debt relief clients. Contact us today to see how we can help. If you find yourself searching for information on Florida debt consolidation, or you are searching for a debt management plan in the state of Florida, you could benefit from a free conversation with our debt specialists.
We understand what it’s like to have your back against the wall with high-interest rates on your existing debts from creditors or your monthly payments that are out of your reach. Speak to one of our debt management experts to see if we can help you reduce your debt. You should see if you are eligible for our FL debt relief program to see if we can help lower your monthly payments or even help you become debt-free. If you are looking for personal loans or debt consolidation loans but have bad credit, our debt settlement program might be perfect for you!
We are experts at debt negotiation so please call us today to work out a debt relief custom plan for your financial situation. Your credit report might take a hit but in most cases its better to take the hit sooner then later, then once your unsecured debt is settled, you can work on fixing your credit after that.
I’m amazed with how fast Rian was able to get me approved. Rain by far is best knowledgeable at what he does. The whole process was completely painless and the entire process legit took under a half hour. I truly recommend Pacific Debt as I now have peace of mind. Thank you once again!
In Dec 2011 I lost my job. I had zero debt at the time. I had to use the cards and my saving to stay afloat. I am now looking catch up on the debts on soon as possible. I am making payments but can only afford the minimums. Read Case Study
Location: Miami, Florida
Over time it has become too difficult to keep up with the payments and my accounts started to fall behind. Read Case Study
Pacific Debt is an A+ rated business with the BBB. We have been accredited since 2010. We have received 4.87 out of five stars based on 40 customer reviews with the BBB. We have helped countless FL debt relief residents in Florida struggling to pay their credit card balances. Luckily, Pacific Debt is available to help Floridians get the information they need in order to figure out the right course of action. Our debt specialists can help you with a FREE consultation.
We can help you and your family with relief from debt in the state of Florida.
Florida is supposed to have the fountain of youth. Its weather and beaches have made it a popular destination for snowbirds. It ranges from bustling city life to the silence of the Everglades. As a result, Florida is ranked #3 for population and #9 for population density.
As of 2017, over 21 million people called Florida home. Jacksonville is ranked as the 12th largest city in the US.
The median state income is $50,860. As of 2018, the minimum wage is $8.25 per hour. Unfortunately, 21.3% of Floridan children under 18 live in poverty. For residents overall, 14.7% of all people in Florida live under the poverty level.
Median state income: $50,860
Minimum wage: $8.25/hour
Children in poverty: 21.3%
People in poverty: 14.7%
Is Florida a Community Property State?
Unfortunately, Florida is not a community property state. Therefore your assets are not seen as equally owned by you and your spouse. Currently, there are only 10 states that are community property states. In the state of Florida, the judge will decide which assets are shared by you and your spouse, and what the equity is for each.
More than half (64.1%) for Floridians hold a mortgage. The median home price in Florida topped $200,000 (2018) for the first time. Of course, that median price depends on the location with some areas being much higher.
Florida has recovered from the depression and the current unemployment rate is 3.9%. However, the underemployment rate is 10.3%. Underemployment is the percentage of civilian workers who are unemployed, employed part-time or are not seeking employment.
If this is you, we can help. Pacific Debt offers Florida debt relief solutions tailored to your unique situation and budget. A certified credit counselor will help you work up a budget and explain your debt relief options. We can even help you discuss a debt management plan.
Unemployment: 3.9% (2018)
Underemployment: 10.3% (2017)
Debt Debt Statistics
Floridians carry a lot of debt. The average credit card debt is $6,388 (2018). The average student loan debt is lower than the US average but is $24,461. When you add all that debt on top of the cost of homes (rental or owned), versus the median income, it is very easy for Floridians to get into debt.
Avg credit card debt: $6,388 (2018)
Avg mortgage debt: $183,016 (2017)
Avg student loan debt: $24,461 (2017) (2016)
Statute of Limitations Debt
The Florida debt statute of limitations lays out maximum time periods that debt collectors can take action against a delinquent debt. These statutes of limitations begin on the date that your debt goes delinquent.
For debts taken out in Florida, the following are the statutes of limitations for different types of debt.
Oral agreements: 4 years
Written contracts: 5 years
Promissory notes: 5 years
Credit cards and other revolving loans: 4 years
If you have more debt than you can pay off, Pacific Debt can help you consolidate your debt and learn to live debt-free. Since 2002, we’ve settled over $200 million in debt for thousands of clients. We are a nationally top-ranked debt relief company located in San Diego. We have helped countless people in the state of Florida with debt relief. Contact us today so we can help you too!
We will help you work through our proven and comprehensive debt relief program. Your certified debt relief counselor will review all your options. If debt settlement is right for you, we move forward with our debt consolidation program and work to save you money. Pacific Debt can help with most unsecured debt like credit cards, personal loans, medical bills, and repossessions.
It is not an easy process and it won’t happen overnight, but you can do it. Pacific Debt will be there every step of the way to help. Call us and inquire about our FL debt relief program and how it can help you.
Floridians are protected against unscrupulous debt collectors. The federal Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive or harassing bill collection practices. In addition, the Florida Consumer Collection Practices Act (FCCPA) adds protections against more types of collectors and actions. If you are a victim of any of these actions, you may take legal action against them.
Overall, debt collectors can NOT:
Charges more than 10% interest
Garnish more than 25% of wages
Use/threaten physical force or criminal tactics to harm you, your property, or your reputation
Accusing you of committing a crime for not paying the debt
Make/threaten to make defamatory statements to someone else
Threaten arrest, to seize assets, or garnish wages unless actually planning to take such action
Use obscene or profane language
Cause you to spend money you wouldn’t otherwise have spent (ie long-distance telephone calls)
Call you repeatedly or let your phone ring repeatedly
Contact your employer, except to verify employment or health insurance status, garnish wages or locate you
Reveal information about debt to anyone except your spouse or your parents if a minor.
Publicly publish your name for failing to pay
Send a postcard or letter with revealing information on the envelope
Claim to be someone other than a debt collector, including a governmental official
Use stationery that appears to be from a law firm
Charge you collection or attorney’s fees unless legally allowable
Threaten to report you to a credit reporting agency if they have no intention of doing so
Send a letter claiming to come from a claim, credit, audit, or legal department unless it actually is
Debt collectors must:
Disclose caller identification
May contact your family to locate you
Must serve you with notice of a lawsuit if suing you
Must sue you in the county where you first incurred the debt
Bankruptcy Court Information
Bankruptcy is a legal action that can erase most of your debt and your credit history. It is not an action to take lightly. If you do, you must follow the following steps in Florida.
Persons filing for bankruptcy must:
Complete credit counseling within six months before filing for bankruptcy.
Complete a financial management instructional course after filing bankruptcy.
Complete a Bankruptcy Act Means Test to determine if you are eligible for a Chapter 7 or 13 bankruptcy
Itemize current income sources; major financial transactions; monthly living expenses; debts (secured and unsecured); and property (all assets and possessions, not just real estate).
Collect last 2 years of tax returns, deeds to real estate you own, car titles, and loan documents
File for bankruptcy
Chapter 7 bankruptcy fee is $306
Chapter 13 bankruptcy fee is $281
Meet with court assigned bankruptcy trustee
Attend a Meeting of Creditors
Confirm plan if filing for Chapter 13 bankruptcy
DISCLAIMER: We are not lawyers and are not giving legal advice. Before filing bankruptcy, talk to a lawyer in your state.