Is McCarthy law a legit law firm?
Most importantly, McCarthy Law is a real law firm able to help its clients negotiate debt for a fraction of what they owe. The debt settlement industry is riddled with non-lawyers who offer to settle your debts.
Should I hire a lawyer for Credit Card debt?
Even if you have a good defense to the lawsuit, you’ll want to consider the amount of the debt before hiring an attorney. Attorneys’ fees can add up quickly. Because of this, it might be worth hiring an attorney to help you settle the debt for a fair amount.
What is the statute of limitations for credit card debt?
The Limitation Act 1969 (NSW) places time limits on the rights of a creditor to bring an action for the recovery of debts. In most cases a creditor or a debt collector must recover the debt, or commence court action to recover the debt, within 6 years of: the date on which the debt first arose or.
What happens if I can’t pay my credit cards anymore?
If you don’t pay your credit card bill, expect to pay late fees, receive increased interest rates and incur damages to your credit score. If you continue to miss payments, your card can be frozen, your debt could be sold to a collection agency and the collector of your debt could sue you and have your wages garnished.
Can credit card companies garnish your wages?
Yes, your wages can be garnished over an unpaid credit card debt — especially if the debt ends up going to collections. Although many people associate wage garnishment with unpaid child support, defaulted student loans or back taxes, courts can also order your wages to be garnished over an outstanding credit card debt.
How long can you go without paying credit card?
When a credit card account goes 180 days (a full six months) past due, the credit card company must charge-off the account. This means the account is permanently closed and written off as a loss. However, you’ll still be responsible for any debt you owe.