McCarthy Law PLC

McCarthy Law PLC helps people in difficult financial situations because of too much debt. For many different reasons – the loss of a job, personal or medical emergencies, divorce, declining home values, a difficult economic environment – many people find themselves in financial difficulties. As debt attorneys, we are one of the rare debt settlement companies that can actually represent you in lawsuits and defend you against your creditors.

Finances are a very personal matter and should be discussed with a qualified debt attorney.

McCarthy Law's Mission:

"An America in which no family is burdened by debt. Our role in bringing vision to reality. We negotiate for large reductions in our clients' debts without the need for bankruptcy." - Kevin Fallon McCarthy, Managing Attorney.

Website: https://www.mccarthylawyer.com/
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Financial struggles can leave you feeling overwhelmed and searching for solutions. Among the many options for recovering from debt and improving your credit score, debt settlement and credit repair stand out as potential paths to financial freedom. But what exactly are these strategies, and how do they differ? Which one might be the right choice for your situation? What Is Debt Settlement? Debt settlement involves negotiating with your creditors to pay less than what you owe. This process typically begins when you’re behind on payments and creditors are willing to accept a sum that’s lower than your total debt. Debt…
Continue Reading Debt Settlement vs. Credit Repair: Understanding the Differences

Retirement should be a time of relaxation and enjoyment, but for many seniors, financial worries persist. Debt doesn’t magically vanish when you reach a certain age. In fact, it can become even more challenging to manage on a fixed income. The good news? You’ve got options. Whether you’re approaching retirement or already there, there are strategies to tackle your debt head-on and reclaim your financial freedom. What Types of Debt Do Most Seniors Carry? As you age, certain types of debt become more common. Let’s look at the main culprits: Credit card debt is often the result of unexpected expenses…
Continue Reading Debt Settlement for Seniors: Financial Strategies for Retirees Facing Debt Challenges

Living with a disability brings its own set of unique challenges. From daily tasks to managing health care, life can feel like an uphill battle. Add credit card debt to the mix, and you’ve got a recipe for overwhelming stress. You’re not alone in this struggle. Many people with disabilities find themselves grappling with mounting credit card balances, unsure of where to turn or what options they have. But there’s hope. The world of credit card forgiveness doesn’t have to be challenging for those living with disabilities, but it starts with knowledge of what options you have. What Are Your…
Continue Reading Credit Card Forgiveness for People With Disabilities

Life insurance policy benefits are a financial lifeline, offering peace of mind and security for your loved ones. These valuable assets provide a safety net for your family’s financial stability when you’re no longer there to support them. You’ve worked hard to secure these benefits, and you deserve the assurance that they’ll be there when needed most. But what happens if creditors come knocking? Life insurance creditor protection may seem complex, but there are plenty of ways to protect yourself before and after creditors come knocking. In MOST Cases, Your Life Insurance Policy Benefits Are Protected Good news! In the…
Continue Reading Can Creditors Claim Your Life Insurance Policy Benefits?

Eventually, many of us decide it’s time for a credit card. When evaluating your options, you might start with a secured card, especially if you’re a student or recovering from something like bankruptcy. As you explore further, you’ll come across cards with varying annual fees. For some, higher fees may not make sense; for others, a card with no fee could mean you’re missing out on additional benefits. It’s all about knowing how much debt you can handle and if you can balance the benefits. The key lies in finding the right fit for your financial situation and spending habits.
Continue Reading Should I Get a Credit Card With an Annual Fee?

College students worldwide grapple with a common dilemma: Is their student loan debt worth it? This question haunts many as they weigh the potential benefits of higher education against the financial burden it often entails. Every day, students find themselves at a crossroads, wondering if they’re making a sound investment in their future or setting themselves up for years of financial struggle. The decision to take on student loan debt isn’t just about education; it’s about shaping one’s entire career trajectory and financial future. How Many Students Make Their Decisions Based on Student Loan Debt? A significant number of students…
Continue Reading How Student Loan Debt Impacts Different Career Paths

You’re about to start your journey to college. There’s a lot of excitement in the air, but there’s one nagging question: just how much student loan debt is too much? It’s a common dilemma. You’re dreaming big, but you’re also thinking about the future. The best way to tackle this is to know what you’re getting into. There are several ways you can prepare yourself to determine the right loan balance for your situation and what might be pushing it. The Important Role of Your Field of Study The field you choose plays a big role in deciding how much…
Continue Reading How Much Student Loan Debt Is Too Much?

Many folks mistakenly believe that getting a credit report requires opening their wallets. They might think it’s a necessary expense, or they simply might not be aware of the free options available. The truth is, there are several excellent resources for obtaining free credit reports, and here at McCarthy Law, we strongly believe nobody should ever have to pay for one. Why You NEED to Stay Up to Date With Your Credit Report Your credit report is more than just a record of your borrowing history. It’s a key tool that helps you understand your financial health. Staying up to…
Continue Reading The Top Resources to Get Free Credit Reports and Save Your Money

Let’s talk about money. Specifically, credit card debt and the generation carrying the heaviest load right now: Gen Z. Younger Americans today are starting out with more debt than any previous generation. From student loans to auto loans, this debt is piling up quickly, and credit card balances are no exception. Gen Z, those born between 1997 and 2012, are entering adulthood carrying significant financial burdens. Recent statistics highlight that as of 2024, the average Gen Z credit card borrower holds a balance nearing $2,800. This rise in credit card debt among Gen Z is alarming and requires attention to…
Continue Reading Why Gen Z’s Credit Card Balances Are Climbing Faster Than Ever

Dealing with debt can feel overwhelming. You might be juggling multiple bills, struggling to keep up with interest rates, and wondering if there’s a light at the end of the tunnel. Debt settlement can be a helpful option, but it’s important to know how it affects different types of debt before you dive in. Not all debts are created equal, and the best settlement strategy will vary depending on what you owe. This guide will break down debt settlement strategies for various types of debt, helping you find a beneficial resolution for your situation. There are also plenty of alternative…
Continue Reading Debt Settlement Strategies for Different Types of Debts

In recent times, a concerning trend has emerged with overall credit scores taking a dip. This phenomenon is not just a number fluctuation; it reflects broader economic challenges and personal financial health issues that many are facing. At McCarthy Law PLC, we are committed to addressing these concerns and guiding individuals through these turbulent times. […]
Continue Reading Credit Scores Falling: A Wake-Up Call to Action

Introduction: Navigating the complexities of private student loans is a daunting task for many graduates. With higher interest rates and less lenient repayment options compared to federal student loans, individuals often find themselves in a challenging financial predicament. McCarthy Law PLC is dedicated to assisting clients in exploring legal avenues to manage and potentially alleviate […]
Continue Reading Private Student Loans: How to Seek Legal Help

In today’s financial landscape, the concept of debt settlement has become a beacon of hope for many grappling with debt. However, misconceptions abound, leading to confusion and hesitation. McCarthy Law PLC aims to shed light on the myths and realities of debt settlement, offering clarity and a path forward for those seeking financial freedom. Myth […]
Continue Reading Debt Settlement: Myths vs. Reality

The Complexity of Private Student Loans Navigating the world of private student loans can be challenging, especially when seeking forgiveness or relief options. Unlike federal student loans, which have various government-backed forgiveness programs, private student loans are subject to the terms set by individual lenders. This blog aims to shed light on the options available […]
Continue Reading Private Student Loan Forgiveness: What Are Your Options?

Understanding the Landscape When facing debt challenges, it’s critical to understand the options available for resolution. Two common avenues are seeking assistance from a law firm or from a debt settlement company. While both aim to help resolve debt, their approaches, capabilities, and legal standing differ significantly. Legal Knowledge and Representation Law firms, particularly those […]
Continue Reading Law Firms vs. Debt Settlement Companies: What’s the Difference?

Understanding Debt Settlement Debt settlement is a process where you negotiate with your creditors to pay less than the total amount you owe. It’s a strategy used when someone is struggling with significant debt and cannot keep up with their payments. This approach can offer a more manageable way to address unmanageable debts, but it’s […]
Continue Reading 5 Things You Must Know About Debt Settlement