When you find yourself struggling to make payments on a number of various debts, such as loans, mortgages, and credit cards, there are numerous ways for an individual or businesses to find their way out of debt without declaring bankruptcy. The most common methods are debt resolution.
Our Brevard County bankruptcy lawyers at Buchalter & Pelphrey Attorneys At Law have the necessary skill and knowledge to help you obtain a clean financial slate. With more than five decades of combined experience, we provide a wide range of debt relief strategies to negotiate with our clients’ creditors.
How We Can Help You
Debt resolution involves combining multiple debts into one consolidation one. This single loan consisting of all your previous debts is paid monthly at one interest rate. Banks, credit unions, online lenders, and other financial institutions offer consolidation loans.
The following are other forms of debt resolution services our firm provides:
- Payment restructuring
- Debt settlement programs
With so many people facing increasing pressure to make various debt payments, a number of different debt relief methods have proven to provide borrowers the reprieve they need to start comfortably making payments again. At Buchalter & Pelphrey, we assess your financial circumstances and help you determine which method is right for you.
On the other hand, debt negotiation involves asking one or more creditors to accept less than what you owed from your account. If you and your creditor(s) come to an agreement, you must pay the settlement amount, either in the form of payments or a lump sum.
Debt negotiation provides many benefits, including but not limited to:
- Reach a new agreement on interest
- Discuss lower monthly payments
- Find compromises
- Settle your debt
- Eliminate some of your debt
It is important to know that creditors do not have to negotiate the terms of your debt with you. This is why it is important to hire legal counsel on your side in order to help convince the creditor that debt negotiation is the strongest course of action for all parties involved.
Schedule a Consultation Today
Our experienced legal team handles each case with compassion and professional tact—and we’re ready to help you move past this difficult time and secure you peace of mind. It is our goal to help you move forward through the process, guiding you towards the most favorable outcome possible. You deserve to live life without the concern of debt looming; allow us to help you.
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