Over 80% of college students carry a credit card, and the creditors make it very easy for them to get one. Why? Because they know a majority of these students will default on their repayment obligations and their parents will bail them out.
https://www.indianapolisrecorder.com/business/article_5e5096da-1644-11e3-ac33-001a4bcf887a.html
Defaulting on credit card debt can be handled by a qualified debt settlement attorney. A qualified debt settlement attorney can work with the creditors for a large reduction in the principal balance owed. If you have a child with significant credit card debt, contact a qualified debt settlement attorney before bailing them out. The savings can be significant!
The following two tabs change content below.
Kevin Fallon McCarthy
Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.
Latest posts by Kevin Fallon McCarthy (see all)
- Different Ways to Get Out of Debt - January 22, 2019
- Public Servants’ Second Chance at Federal Student Loan Forgiveness - April 10, 2018
- CREDIT CARD LOSS FOR SMALL BANKS AT AN EIGHT YEAR HIGH - March 22, 2018
- Rise of the Jumbo Student Loans - March 17, 2018
- Credit Card Market: Now and Then - February 23, 2018
