North Carolina Debt Relief – Don’t Navigate Excessive Debt Alone

WalletHub compared North Carolina's second-quarter credit card debt between 2024 and 2025. While it’s below the record high, it’s still an alarming 21% increase. An average household in North Carolina has about $11,000 in credit card debt. That’s just credit cards.

Car payments, rent or mortgage payments, student loans, medical debt, and many others make up household debt. High debt becomes a juggling act. Does this sound familiar? Consider your North Carolina debt relief options, like bankruptcy.

Understanding Your Debt Relief Options

You have high levels of debt and struggle to keep up with payments. Explore the three popular options for getting out of debt.

Debt Consolidation – Combine Payments

Consolidation Loans – Roll debt into one loan payment using your income to determine how much you can afford to pay.
Nonprofit Debt Counseling – Work with a debt counselor and learn how to manage your money. It helps you learn how to avoid future money issues.

Debt Settlement – Less Than Owed

Lower Debt – Negotiate how much money is owed with the creditor to agree upon a lump sum payment.
Write-Off – The amount the debt is reduced by is written off. It does count as taxable income on your annual taxes, however.

Bankruptcy – A Last Resort

Chapter 7 – Liquidation of your assets to pay off as much debt as possible. In many cases, your home and car remain your property.
Chapter 13 – Restructure your debt using affordable repayment plans. Receive more time to catch up on mortgage and car payments and get back in good standing.

The Value of a Debt Relief Law Firm

Working with a debt relief attorney is always the wisest move, even if it seems excessive to you.

Here are five reasons why a North Carolina attorney is essential.

Ends Stress – How are you feeling with multiple daily collection calls and letters? Do you experience daily harassment from creditors? Your stress stops immediately when you work with a debt and bankruptcy attorney.
Find an Effective Strategy – Debt attorneys know the laws and pros and cons of bankruptcy, debt consolidation, or debt settlement. They work with you to determine the ideal strategy for getting you out of debt.
Protects Your Rights – Debt collectors often threaten you with lawsuits if you don’t pay immediately. An attorney ensures your rights are not violated.
Provides Expertise in North Carolina Laws – Attorneys know North Carolina’s statute of limitations regarding debt collection lawsuits and bankruptcy exemptions.
Stops Collection Calls – A debt relief lawyer stops collection calls. Creditors can only talk to the law office, never you, the client.

Partner With an Experienced North Carolina Debt Relief Attorney

Ivey McClellan’s expertise in North Carolina bankruptcy and debt counseling exceeds 70 years. Our attorneys get to know you as an individual and come up with the ideal solution for your situation. You’re more than a case file to us.

We help ease your stress and financial uncertainty by discussing your best options for getting out of debt. Our debt relief law firm helps North Carolina residents understand debt relief options like restructuring or bankruptcy.

Schedule an appointment with a debt relief lawyer at Ivey McClellan online or by calling (336) 274-4658.