A student visa that lets you study at the university of your choice is a terrific thing for you. But what happens if your studies take longer than you planned? On top of exams and term papers, you may have to worry about your student visa expiring. That’s where an immigration lawyer can be your best friend. Understanding how immigration laws work can be the first step to making sure that you keep your student visa in good standing. My blog is all about immigration issues, especially those faced by foreign students. Check out the articles for more information that you can use to complete your studies in the country you chose to study in.
If you have a lot of credit card debt and are having a hard time keeping up with everything, you will be called by your creditors daily in many cases. Fortunately, there are things you can do to get some relief, two of which are listed below.
Hire a Credit Card Debt Lawyer
Hiring a credit card debt lawyer is one of the best things you can do to help you pay back your credit card debt. First, set up a consultation with the lawyer and bring all your credit card statements with you. The lawyer will need to know who you owe and how much you owe each creditor.
At the consultation, the lawyer will explain to you how they can help you. The main way is they can speak with your creditors and negotiate with them to lower your debt amount. The lawyer will then work with the creditor to set a monthly payment that you can afford to make. This payment should be over the minimum monthly payment. If not, it will take you years to pay off your debt. With a credit card debt lawyer, you can generally pay off all your credit cards in a few months or two to three years.
This is beneficial for you as if you do not pay the monthly payment on your credit cards, your account will go to collections. This can cause your credit score to drop drastically. If you still do not pay you will be sued and will be taken to court. At this point, you will have to pay court costs, pay for an attorney, and more. Your credit card debt lawyer can prevent all of this from happening.
Consolidate your Credit Cards
Another thing you can do is to get one loan that will cover all your credit cards. You then use this loan to pay off each creditor and then you will have one monthly payment for the consolidation loan.
You can go to your bank to get this loan. You can also hire a lender, which you can find online. If you do this make sure you check the interest rate and that it is not very high. If so, your monthly payment will be much higher. If you have good credit your interest rate should be low.
When setting up the consolidation loan make sure you can afford to pay the monthly payment. You can set a fixed payment in most cases. These loans can be set for different terms. For example, you can get a loan that is set to be paid off in two years or much longer.
Once you get out of credit card debt, you need to take steps to not get back into debt again. Talk with a financial counselor to help you, if needed.
For more information, reach out to a credit card debt lawyer in your area.
Share7 July 2021
