What is Debt Negotiation?

If you are motivated to avoid personal bankruptcy but you can no longer afford to pay all your debts, hiring a debt negotiation attorney may be the answer.  Debt negotiation and settlement is a process whereby a consumer retains the services of an attorney to represent them in negotiations with their creditors. The attorney will leverage consumer laws, as well as their existing relationships with major creditors, to negotiate the repayment of the consumer’s unsecured debts for less than the full amount.

Alternative to Bankruptcy

Debt negotiation is an alternative to bankruptcy.  It is not the same as credit counseling or debt consolidation.   Debt negotiation and settlement can be a low cost solution and a flexible method of debt elimination.  By retaining the services of an attorney to facilitate a debt negotiation, you receive legal protection against the often predatory practices of debt collectors.  Additionally, all legal aspects of the debt, including credit reporting and re-sale of the debt, are usually covered in the debt negotiation.

Debt negotiation and settlement may help you avoid bankruptcy and take the first step towards reaching your goal of financial freedom.  If you are buried in credit card debt or other unsecured debts, you owe it to yourself to consider debt negotiation.  It could provide the peace of mind solution that you’ve been looking for.

If you are considering debt negotiation and settlement, contact us now for assistance.