Understanding Debt Settlement

Are you falling behind on your debts?

Increasing numbers of Americans are falling behind on their debts and are being forced to live from paycheck to paycheck. It can be intensely stressful to watch your accounts incur penalties for late payment or missed payments while you struggle daily to keep up with the rising cost of living. If job loss, medical expenses or any other circumstance has made it impossible for you to pay what you owe, you need to take action now to keep the situation from getting any worse. The longer you wait, the more likely it becomes that you will lose your car to repossession or that you will receive notice of foreclosure from your bank. A seasoned lawyer at the firm can discuss your case to help you find a solution.

Your lawyer can represent you in negotiations to seek a debt settlement that will allow you to stabilize the situation. The goal is to persuade your lenders to accept a smaller amount to satisfy the outstanding balance on the loan. Due to the widespread increase of foreclosure and loan default, many banks and other financial institutions have become more willing than before to negotiate a loan modification or a settlement. If you are successful, you will be left with a more manageable pay off amount.

Negotiating a Smaller Outstanding Balance for You

Price Law Group will work to help you get a debt settlement on any type of debt, from a car loan, credit card debt, medical bills, or a loan from a bank or credit union. If your lenders will not cooperate, you may be able to declare Chapter 7 or Chapter 13 bankruptcy. An attorney from the firm will also help you with a plan for debt management, so that you can resolve the situation swiftly and effectively. When you no longer have to use the majority of your income for loan payments, you can start saving for the future and having the money to enjoy life.