San Francisco Debt Relief

San Francisco is a bright beacon on the west coast. Known for wine, food, and beautiful vistas, San Francisco is also filled with tech entrepreneurs and is next door to Silicon Valley. More than 7 million people live in one of the Bay Area’s 101 cities. San Francisco itself has recently earned the dubious distinction for being the most expensive city in the United States to raise a family. 

With this distinction comes debt. And unfortunately, many Bay Area residents live in debt and over 8,000 of those residents are homeless. In fact, San Francisco has the 5th largest homeless population in the US.

Call today to talk to a debt specialist who can explain all your debt relief options so you understand them clearly.

The median income in San Francisco is $74,841. As of 2019, the minimum wage is $15.59 per hour. Despite the income and the minimum wage, 22.2% of Bay Area children under 18 live in poverty. This poverty rate is higher than the state average of 18%.  For residents overall, 8.3% of all people in the Bay Area live under the poverty level. 

Just under half (43.7%) of people in the metro area hold a mortgage. However, the median home price in California topped $996,000 (2020). The per foot cost for homes in the metro area ranges from $499 in the SF-Haywood-Oakland Metro area and $1,108 in San Francisco. Rentals are just as expensive. The average rent in the SF-Haywood-Oakland Metro area is $3,300 per month while San Francisco averages $4,500 a month.

As of December 2019, the unemployment rate was 3.7%. The underemployment rate is less apparent, but the state averages 11.3% of workers are underemployed. Underemployment is the percentage of civilian workers who are unemployed, employed part-time or are not seeking employment.

The Bay Area residents carry a lot of debt. The statewide average credit card debt is $10,496 (2018). The average medical debt per person is under $4,000. The average student loan debt is  $36,243. 

Debt consolidation and debt settlement are options in the Bay Area. You’ll find more information in the next few sections. 

If you are one of the many people in the Bay Area area that need help with debt, there are a number of options. Debt relief in San Francisco is available from both non-profit and for-profit agencies. We’ve listed some of the nonprofit debt assistance organizations to help you eliminate your debt.

Consumer Credit Counseling Service of San Francisco : help with financial debt management. 

Zipcodes: 94102, 94103, 94104, 94105, 94107, 94108, 94109, 94110, 94111, 94112, 94114, 94115, 94116, 94117, 94118, 94121, 94122, 94123, 94124, 94127, 94129, 94130, 94131, 94132, 94133, 94134, 94158

Area Codes: 415, 628

Click here to get back to the State of California Debt Relief page if you’d like to see other cities in California.

If you need more help, consider calling Pacific Debt, Inc for more information. Pacific Debt Inc is one of the leading debt settlement companies in the US and we have consistently been named one of the best for years. This year, we earned two #1 rankings for our customer service. We help you understand your options and whether or not debt settlement is your best option. If it is not, we can refer you to a trusted partner who may be more appropriate for your situation.

If you’d like more information on debt settlement or have more than $10,000 in credit card debt that you can’t repay, contact Pacific Debt, Inc. We may be able to help you become debt free in 2 to 4 years and we’ve settled over $300 million in debt for our customers since 2002.

Once you’ve completed our debt settlement program , your financial situation should start to improve. You’ll then be able to take the money you once had to pay towards your debt, and be able to use it for other purposes like saving, investing, retirement, etc.

Pacific Debt, Inc is accredited with the Consumer Debt Relief Initiative (CDRI) and is an A+ member of the Better Business Bureau . We rate very highly in Top Consumer Reviews, Top Ten Reviews, Consumers Advocate, Consumer Affairs, Trust Pilot, and US News and World Report.

For more information, contact one of our debt specialists today. The initial consultation is free, and our debt experts will explain to you all your options.

More Information about Debt and Collections in San Francisco

Statute of Limitations San Fran

California’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 California, the following are the statutes of limitations for different types of debt.

Californians 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 California Fair Debt Collection Practices Act (CFDCPA) add 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: 

Debt collectors must:

San Francisco Bankruptcy Court Information

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

Persons filing for bankruptcy must: