Is debt relief law only available for certain types of debt?

Yes, debt relief law is only available for certain types of debt in California. In California, debt relief law applies to creditors such as credit card companies, banks, and other lenders who are owed money by an individual. It does not apply to secured debts, such as mortgages and car loans, as those are secured by collateral. Tax debts, alimony, spousal support, and child support payments are also excluded. Debt relief law can help Californians with unsecured debts such as medical bills, credit card debt, and personal loans. To be eligible for debt relief, the individual must have a steady source of income and be able to make a repayment plan. Debt relief can also be used to negotiate with creditors to reduce the amount owed or lower the interest rate. In some cases, debt relief law can also enable individuals to have their debt forgiven or discharge of their debt. This requires a court order and is only used in very serious cases. The debt must be due to extreme hardship or illness and the person must have little to no income. Debt relief law can be an important tool for Californians who are struggling with debt. It is essential to understand the types of debt that are eligible for this type of help in order to make sure you can get the most benefit from it.

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Is debt relief law only available for certain types of debt?

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