Interview on Talk Network Radio

I joined Bold Talk Business Radio talk show host Donna Anselmo for a live stream on  TalkNetworkRadio.com Tuesday, February 15. We discussed issues on the minds of people dealing with debt, especially questions relating to bankruptcy.  The interview will stream again today and Friday in the 1 PM EST time slot on TalkNetworkRadio.com, or you can listen to our discussion right here at SolomitaLawBlog.com.

If you are mired in debt, don’t feel alone. According to a  2015 Pew Research study, only 20 percent of Americans are free from any form of debt. The most common variety is mortgage debt (44 percent), followed by unpaid credit card balances (39 percent), car loans (37 percent), and student loans (21 percent). 

According to a USA Today report (10.12.2016), “Using data from the U.S. Census Bureau and the Federal Reserve, ValuePenguin found that the average credit card debt for households that carry a balance is a shocking $16,048 — a figure that has risen by 10% over the past three years. At the average variable credit card interest rate of 16.1%, this translates to nearly $2,600 in credit card interest alone. And many credit cards have interest rates much higher than the average.”

With “an average interest rate and a minimum payment of 1.5% of the balance, it would take nearly 14 years for the typical indebted household to pay off its existing credit card debt, at a staggering cost of more than $40,200. Keep in mind that this assumes no additional credit card debt is added to the tab along the way,” the report stated.

For more information on debt relief and bankruptcy, feel free to contact me with your questions or concerns: 

Email:  asolomita@solomitalaw.com
Office Phone: 407-545-3625
Address: 12001 Research Pkwy, Ste 236, Orlando, FL, 32826
www.SolomitaLaw.com

Solomita Law Offers Free Debt Relief Tele-seminar Thursday, April 7, 7 pm

Solomita Law Teleseminar on iphone screenWe know that it’s not always easy to discuss personal financial matters, particularly when they involve debt. Many people struggling with debt believe there is no way out, so they avoid seeking advice until monetary situations become even more dire. Often, they can’t pay off their debts without outside help. To answer frequently asked questions about debt relief and bankruptcy, Solomita Law will host an informational tele-seminar. Registration is free and easy.
Once registered, participants simply need to telephone our conference call line at 7 pm, Thursday, April 7, 2016.


Debt Relief Strategies and Bankruptcy Options Tele-Seminar
REGISTER NOW  SolomitaLaw.com/register-for-event
Participants may listen in and/or ask questions in the privacy and convenience of their own homes. During this 45-minute tele-briefing, participants will:
  • Get answers to questions about the bankruptcy process and how it works.
  • Find out who is a candidate for a bankruptcy petition.
  • Learn how Chapter 7 and Chapter 13 petitions enable debtors to get a fresh start.
  • Have the opportunity to ask questions.
  • Learn more about how the legal system works.
  • Find out how to set up a free private consultation to discuss their individual concerns.

This tele-session is designed to help people struggling with debt and/or asking questions such as:

  • How can I get out of debt?
  • Will I lose my home in a bankruptcy filing
  • Is there any way to protect my assets?
  • Should I use my retirement funds to pay off my debts?
  • How can I get creditors to stop calling me?
Note: The information presented in this tele-seminar will be provided for educational purposes regarding options available for dealing with debt. This seminar is not intended to provide legal advice related to individual situations. For specific legal advice, please contact a qualified attorney to discuss your individual needs and circumstances.