We know that debt can be overwhelming. Many people put off dealing with their growing debt until it seems like there are no options. For various reasons that have nothing to do with irresponsible behavior, families may find that they are not able to get out of debt without help.
At the Hayes Law Firm, APC, we want to help. Our skilled attorneys understand the nature of debt and the legal system that can be used to find a way out of it. When you need a Montebello debt settlement attorney, call us today. It is time to renegotiate your lease on life by climbing out of debt.
Many people avoid discussing their debt problems for various reasons, one of them being shame. They do not want to admit to their family and friends that things have gotten out of control.
You are not alone. Many Americans, for various reasons, find themselves in need of debt relief help. Consider the following situations:
Yes, some people do make mistakes when it comes to spending, but it is often one of the situations listed above that cause debt to rise.
While you may think bankruptcy is the only option, you are wrong. Debt resettlement is another way to reach the same goal and it does not have the same effect on your credit as a bankruptcy filing (bankruptcy is noted on credit reports for seven to 10 years).
Debt resettlement does not require a court filing and is a renegotiation with creditors about how much you will pay them back. In a debt resettlement, people often end up paying back only fractions of what they originally owed.
Why would a creditor accept less than what they are owed?
In many cases, a creditor will accept a lesser amount because they know that (1) they will either see nothing if you stop paying altogether or (2) you could file for bankruptcy and they would end up getting next to nothing for the debt. Negotiating with you means that they will receive something.
When you renegotiate your debt with the help of an attorney, you can align your payments with your income and keep creditors from reporting delinquency to the credit reporting bureaus.
If you and your family are wondering if you will ever be able to get out of debt, there are some steps you need to take. First, speak to a financial advisor who can examine your situation. You should also speak with a bankruptcy attorney or a Montebello debt settlement attorney who will advise you of your legal options. There are advantages and disadvantages to debt resettlement that should be discussed with an attorney. At the Hayes Law Firm, APC, we are ready to step in and be your advocate. You can reach out for a free consultation by clicking here or calling us at 323-477-1415.
At The Hayes Law Firm, APC, we serve all of Los Angeles and the Inland Empire, so whether you need a personal injury attorney in Montebello or a premises liability attorney in San Bernardino, we are here to serve you. Unlike other attorneys who view clients as cases, we understand that your experience has a human story behind it, and when you are in our offices, you are like a member of the family. We are ethical and compassionate, and we will take the time to find the best solution for your unique case and will work together with you every step along the way. Contact us today for a free consultation.