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Nevada 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!
What is Nevada Debt Relief?
Nevada Debt relief is the reduction of debt through a debt settlement program or debt consolidation. Pacific Debt specializes in debt settlement, and we take an active approach to reduce your debt for substantially less than you currently owe. Most types of debt qualify for our relief program, including credit card debt, or any other type of unsecured debt.
Get a FREE consultation today with no obligation. We will explain all your options and help find the best that fits you.
The secret to settlement is to not pay bills in order to make creditors negotiate. This action can come with late fees and collector phone calls. Debt settlement may cause some credit score damage as a settlement can stay on your credit report for up to seven years. Consider settlement for bills that are very delinquent or already in collections.
Most people considering debt programs do not have a high credit score. Most people who successfully complete our debt settlement services plan can see rapid improvements to their credit scores.
Pacific Debt deals directly with your creditors while guiding you throughout the entire process.
We have one of the best-rated settlement programs available for Nevada residents.
Call our certified specialists who can help you understand all your relief options and your best course of action.
Our FREE savings estimate will show you much money we can save you each month. Our free debt analysis will help you make an informed decision. Call to get your free quote for our services.
How Does Debt Relief Work in Nevada?
Debt relief reduces the amount you owe your creditors so that you can receive financial relief. Debt settlement is one option. Pacific Debt provides relief in the form of debt settlement to residents living in Nevada , as well as nationally.
The first step of the NV debt relief process is to have a FREE phone call with one of our debt specialists who can lay out all your options, so you understand your position and what steps need to be taken in order to reduce your debt.
The debt relief program works by having you deposit an agreed amount in your very own escrow bank account. As you build up sufficient funds through a single monthly payment, we pay off your settled accounts.
The program usually takes anywhere from 2-4 years to complete because everyone's financial situation is different.
Avoid credit repair services as there is nothing they can do that you cannot do for yourself to improve your credit report.
Take time to understand how debt settlement programs work and all your Nevada relief options.
Is Nevada Debt Relief Legit?
Pacific Debt has helped countless Nevada residents reduce their debt. Since 2002, we've settled over $200 million in credit card debt for our debt relief clients. Contact us today to see how we can help.
If you find yourself searching for information on debt consolidation, or you are searching for a debt management plan in the state of Nevada, you could benefit from a free conversation with our debt specialists to see if we can help lower your monthly payments or even help you become debt-free. If you are looking for debt consolidated loans but have bad credit, our debt settlement program might be perfect for you!
We understand what it's like to have your back against the wall with high-interest rates on your existing debts from creditors or your monthly payments that are out of your reach.
We are experts at debt negotiation so please call us today to work out a debt relief custom plan for your financial situation.
Your credit score might take a hit but in most cases it's better to take the hit sooner than later, then once your unsecured debt is settled, you can work on fixing your credit score after that.
We do not require loans - we negotiate to reduce interest rates, offer helpful resources, and low total monthly payments with upfront fee disclosures. We can help you eliminate debt faster and improve your personal finances.
What Nevada Residents can expect from our Settlement Services
- Affordable monthly payments based on your budget
- Resolve your situation in 2-4 years
- No upfront fees with low monthly fees- fees vary from 15-25% of the total enrolled amount and state of registration. Beware of a company that may charge upfront fees.
- Personal attention from your assigned Account Manager and Certified Debt Specialist
- Develop a repayment plan and possibly lower interest rates.
- Excellent Customer Service & Support
- We negotiate decreased balances and lower interest rates
- We don't lend money and your financial data is safe with us!
Who qualifies for debt settlement?
You must meet the following:
- Outstanding balances in single or multiple debts of at least $10,000 in unsecured debts (credit card debt, payday loans, personal loans, previous debt consolidation loans, doctor bills, collections and repossessions, business debts, and some student loans).
- Difficulties making minimum payments or making on time payments.
We are not a full balance debt resolution option. As a result, there are some tax consequences. Before pursuing debt settlement, discuss potential tax consequences with a tax professional. We do provide tax forms for your income tax filing.
We are also not a law firm and are not giving legal advice.
Pacific Debt Accreditations
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
Nevada Debt Relief Reviews
Better Business Bureau of Nevada
Pacific Debt Is an A+ rated Business with the BBB for debt negotiation services to individuals and families struggling with unsecured debt. We have been accredited since 2010 and in business since 2002.
We have helped countless people struggling to pay their credit card balances. Luckily, Pacific Debt is available to help you get the information needed in order to figure out the right course of action. Our debt specialists can help you with a FREE consultation.
Nevada Statistics
Income
The median state income is $60,365. As of 2018, the minimum wage is $9.75 per hour. Unfortunately, 20.3% of Nevadan children under 18 live in poverty. For residents overall, 14.2% of all people in Nevada live under the poverty level.
- Median state income: $60,365
- Minimum wage: $9.75/hour
- Children in poverty: 20.3%
- People in poverty: 14.2%
Is Nevada a Community Property State?
Nevada is a community property state. Therefore your assets and debts are seen as equally owned by you and your spouse. Currently, there are only 9 states that are community property states including Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin.
Nevada Homeowners
More than half (61.2%) of Nevadans hold a mortgage. The median home price in Nevada is $311,048 (2020). Of course, that median price depends on the location with some areas being much higher.
- Homeowner rate: 61.2%
- Median home price: $311,048
Click here to speak to a credit counselor for FREE!
Employment in Nevada
Nevada has a current unemployment rate is 8%. However, the underemployment rate is 15.6%. Underemployment is the percentage of civilian workers who are unemployed, employed part-time or are not seeking employment.
- Unemployment: 8% (2021)
- Underemployment: 15.6% (2021)
If this is you, we can help. Pacific Debt offers Nevada debt relief solutions tailored to your unique situation and budget. Our certified counselors help you work up a budget and explain your options.
Debt Statistics
Nevadans carry a lot of debt. The average credit card debt is $6,220 (2021). The average student loan debt is $22,418. 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 Nevadans to get into debt.
- Avg credit card debt: $6,220 (2021)
- Avg mortgage debt: $239,477 (2020)
- Avg student loan debt: $22,418 (2021)
Statute of Limitations Debt
The Nevada debt 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 Nevada, the following are the statutes of limitations for different types of debt.
- Oral agreements: 4 years
- Written contracts: 6 years
- Promissory notes: 3 years
- Credit cards and other revolving loans: 4 years
Debt Relief & Debt Consolidation
If you have more debt than you can pay off and cannot make minimum monthly payments, Pacific Debt can help you live without debt. Since 2002, we've settled over $200 million in debt for thousands of clients.
We will help you work through our proven program that involves one monthly payment into a savings account. Your certified debt settlement counselor will review all your options. If debt settlement is right for you, we move forward with our settlement plan and work to save money on your enrolled unsecured debt like credit card debt and medical bills.
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.
Pacific Debt, Inc
We are a nationally top-ranked company specializing in debt settlement and we have helped countless Nevada residents with our national program. Contact our professional debt negotiators today so we can help you too!
Call us and ask our award-winning debt specialists about our 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 cannot, we will refer you to other programs including debt consolidation programs that we trust.
Other Debt Relief Programs
We are a debt settlement company and have discussed debt settlement in detail. The short version is that you (or a company) negotiates with creditors to lower your debt amount on credit card debt and other unsecured loans and helps you save money. Click here to learn more about debt settlement.
We want you to understand your options and reach financial stability. These include debt consolidation, credit counseling, and bankruptcy.
Read all program materials prior to enrolling with any program.
Debt Consolidation program
Debt consolidation works to consolidate debt by rolling all debt into personal loans. This is then paid off by a single payment each month. You apply with a loan company for a low interest rate debt consolidation loan or work with a debt consolidation company to set up a consolidation plan.
Click here to learn more about debt consolidation and finding a debt consolidation loan.
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 program.
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
Nevadans have laws to protect them 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 Nevada Fair Debt Collection Practices Act adds protection 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
- Use/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 Nevada Bankruptcy law.
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
Disclaimer: In some states, PDR may not be able to offer our services directly due to state regulations related to debt settlement. In those instances, PDR will refer you to a reputable debt relief provider or attorney firm for assistance with your debt. We are not lawyers and are not giving legal advice. Before filing bankruptcy, talk to a lawyer in your state. The information included on this site is for educational purposes only.
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*Please note that all calls with the company may be recorded or monitored for quality assurance and training purposes.
*Your visit to our website may be monitored and recorded from essential 3rd party scripts.
*Clients who make all their monthly program deposits pay approximately 50% of their enrolled balance before fees, or 65% to 85% including fees, over 24 to 48 months (some programs lengths can go higher). Not all clients are able to complete our program for various reasons, including their ability to save sufficient funds. Our estimates are based on prior results, which will vary depending on your specific circumstances. We do not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. We are not a credit repair firm nor do we offer credit repair services. Our service is not available in all states and our fees may vary from state to state. Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution. Read and understand all program materials prior to enrollment. We are licensed where we engage in business. NMLS # 1250953. The use of our services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. However, negotiated settlements we obtain on your behalf resolve the entire account, including all accrued fees and interest. C.P.D. Reg. No. T.S. 12-03825. Pacific Debt, Inc. is registered with the California DFPI under the CCFPL registration number 01-CCFPL-1250953-3419036.