When it comes to debt settlement in Florida there are a few caveats that make this option even more attractive for residents of this state. Debt settlement in general is always a better option than bankruptcy, but for some it can cause issues if creditors decide not to settle.

When it comes to debt settlement in Florida however, there are some simple laws that make it more attractive as an option for those who have problems with debt. Simple caveats in the laws pertaining to debt and collections make debt settlement an easier option to purse for those in FL.

Debt Settlement Florida Laws

There are three specific debt settlement laws in Florida that will help to ensure you are protected if you choose to use this route to. The three laws we need to cover are cease and desist laws, the homestead protection act, and garnishment protection.

Cease and Desist Laws - Most states do have cease and desist laws. Florida takes these laws a little further. In FL, a creditor can only call once a day, and if a cease and desist letter is sent, they must stop.

Homestead Protection Act - In Florida your home is protected against liens from creditors. If you're the head of household, a creditor cannot lien your property to collect on debts owed.

Garnishment Protection Law - In some states creditors can garnish wages or money from bank accounts to collect on debts. In Florida, a creditor cannot contact your employer for money. Money that is in your bank account, that came from wages, is also protected for a six month period of time.

With these three laws, debt settlement in Florida is an excellent option to get out of debt faster. You are protected from issues that residents of other states may have, and your creditors are more likely to settle to a larger degree because of these laws.

To learn more about debt settlement, and specifically for Florida residents, you can visit the Debt Settlement Florida site.