Michigan Debt Relief

Reduce Your Credit Card Debt By Up To Half

Pacific Debt Relief offers the only solution that significantly reduces your debt to less than you currently owe. That means you get debt-free in a fraction of the time it would take with other options.

Save thousands by lowering your debt balance and wiping away years of future interest and payments. Call today for a FREE consultation!

Pacific Debt Relief Accreditation

Pacific Debt Relief is proud to be accredited by the following organizations.

• The International Association of Professional Debt Arbitrators
• The Consumer Debt Relief Initiative
• Better Business Bureau

What Michigan Residents can expect from our Michigan Debt Settlement Services

• An affordable monthly payment based on your budget
• Resolve your situation in 2-4 years, based on national average
• No fees upfront and low monthly fees- fees vary from 15-25% of the total enrolled amount and state of registration
• Personal attention from your assigned Account Manager and Certified Debt Specialist
• Develop a debt management plan and lower negotiated rate and possibly a decreased interest rate. This is not full balance debt resolution.
• Excellent Customer Service & Support
• We negotiate decreased balances and lowered interest rate with individual creditors holding unsecured debt
• We don't lend money and your financial data is safe with us!
• No loans needed

While bankruptcy may seem easier than our debt settlement program, the after-effects of bankruptcy will last at least ten years and can result in poor credit ratings and less than a good credit score.

Michigan Debt Settlement Common Questions

Michigan Debt Relief Reviews / Case Studies

Michigan Better Business Bureau

Pacific Debt Relief is an A+ rated business with the BBB. We have been accredited since 2010 and in business since 2002. We have received 4.87 out of five stars based on 40 customer reviews with the BBB.

We have helped thousands of people in Michigan as an accredited debt settlement company. Call us today, we can help you too! We can help you understand all your financial options and create a debt management plan with our debt settlement specialists.

Read our reviews and case studies to see how Pacific Debt helped people eliminate their total enrolled debt. We have a staff of dedicated debt settlement negotiators who are ready to help you.

Be aware that your credit score may take a hit during debt settlement as you will be stopping minimum payments, but should recover with time.

View our NMLS Consumer Access Verification Details

Visit our Google page and review our debt relief reviews from verified customers

Call Us for Immediate Debt Relief Service at 1-800-909-9893

You may also want to enroll in a complete debt counseling program. Get Free Consultation

The State of Michigan

Michigan is central to American automotive history and is home to the Mackinac Island and whose shape is carved from four of the five Great Lakes. Michigan has seventeen Fortune 500 companies, and a diverse economy based on automotive, biotechnology, and information technology. Michigan is ranked #10 for population and #24 for population density.

As of 2018, over 10.7 million people called Michigan home. Detroit is the largest city in Michigan.

Income in Michigan

The median state income is $75,297. As of 2018, the minimum wage is $11.00 per hour. Unfortunately, 13.3% of Michigander children under 18 live in poverty. For residents overall, 10.4% of all people in Michigan live under the poverty level.

• Median state income: $75,297
• Minimum wage: $11.00/hour
• Children in poverty: 13.3%
• People in poverty: 10.4%

Is Michigan a Community Property State?

Michigan is not a community property state. Therefore your assets are not seen as equally owned by you and your spouse. In the state of Michigan, the judge will decide which assets are shared by you and your spouse, and what the equity is for each.

There are 10 community property states in which the state sees your assets as community property are: Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin.

Michigan Homeowners

More than half (72.9%) of Michiganders hold a mortgage. The median home price in Michigan is $149,900 (2018). Of course, that median price depends on the location with some areas being much higher.

• Homeowner rate: 72.9%
• Median home price: $149,900

Michigan Employment

Michigan residents have a current unemployment rate of 4.8%. 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 Michigan debt relief solutions tailored to your unique situation and budget. Our certified counselors help you work up a budget and explain your options.

• Unemployment: 4.8% (2018)
• Underemployment: 10.3% (2017)

Michigan Debt

Michiganders carry a lot of debt. The average credit card debt is $6,082 (2018). The average student loan debt is $29,450. Michigan is in the top 10 states with the lowest average mortgage debt. 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 Michiganders to get into debt.

• Avg credit card debt: $6,082 (2018)
• Avg mortgage debt: $135,240 (2017)
• Avg student loan debt: $29,450 (2017)

Michigan Statute of Limitations

Michigan's 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 Michigan, the following are the statutes of limitations for different types of debt.

• Oral agreements: 6 years
• Written contracts: 6 years
• Promissory notes: 6 years
• Credit cards and other revolving loans: 6 years

Michigan Debt Relief & Debt Consolidation

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 will help you work through our proven and comprehensive debt relief program that involves one monthly payment into a savings account. We may encourage you to enroll in a debt management plan. Your certified debt settlement counselor will review all your debt options. If Michigan debt settlement is right for you, we move forward with our debt settlement plan and work to save money on your enrolled debt. Enrolled debt can include unsecured debt like credit card debt, medical bills, loans, and other unsecured debt.

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.

We are a nationally top-ranked company specializing in debt settlement and we have helped countless Michigan residents with our national debt relief. Contact us today so we can help you too! Remember we offer free debt analysis and can recommend a good credit counseling agency.

Call us and ask our award winning debt specialists about our Michigan debt settlement program and how it can help you reduce debt faster.

Since we are a national debt relief company, we may be able to help your relatives as well. If we can not, we will refer you to other Michigan debt relief programs including debt consolidation programs that we trust. We are leading debt relief company and we want you to be able to trust our recommendations.

Get Free Consultation 

Other Debt Relief

We are a debt settlement company and have discussed debt settlement in detail. The quick version is: you (or a company) negotiates with creditors to lower the debt amount of unsecured loans, like credit cards and helps you to save money in order to settle debts. Click here to learn more about debt settlement.

However, we do want you to understand your other options. These include debt consolidation, credit counseling, and bankruptcy.

Michigan Debt Consolidation 

This option rolls all debt into a single payment. You apply for a lower interest debt consolidation loan to pay off the debt or work with a debt consolidation program. Click here to learn more about debt consolidation.

Credit Counseling 

Credit counseling helps you learn money management including developing a budget, helping you understand your credit score, and set up a debt management plan. Click here to learn more about Credit Counseling.

File Bankruptcy 

Filing bankruptcy is a last resort option – this legal action wipes out most of your total debt, severely damages your credit for up to ten years, and is expensive and time-consuming. Click here to learn more about bankruptcy.

Contact Pacific Debt today so we can help you with your creditors.

Debt Collection Laws

Michiganders 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 Michigan Fair Debt Collection Practices Act (MFDCPA) 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
• U se/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
• Call frequently
• 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

Bankruptcy Court Information

Bankruptcy is a legal action that can erase most of your debt as well as your credit history. It is not an action to take lightly. If you do, you must follow the following steps in Michigan.



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
  

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