For those who are struggling under significant financial debt, bankruptcy is not always the best choice for seeking relief. For those people, the option may exist to restore your credit through debt negotiation and settlement with your creditors. The benefits to settlement are tremendous: being able to walk away from your debt without having to pay everything can save you a ton of money, and not having to declare bankruptcy means you may be able to improve your credit rating much faster.
However, creating a debt settlement scenario can be difficult, requiring the skills of a Carthage bankruptcy attorney. Here at Arthur M. Blue Law Office, P.A., we take your financial situation into account when negotiating a debt settlement case, and work to lower your monthly payments and absolve you of as much debt as possible. We take great pride in helping those who have fallen into financial hardships get back on their feet. With more than 25 years of experience helping individuals and families overcome their debt, you can trust that we will handle your case with the utmost professionalism, and work diligently to help you restore your life.
Call Arthur M. Blue Law Office, P.A. today to schedule your consultation by dialing 910.947.1500.
Debt settlement can have some major benefits, but requires careful, precise negotiation that will maximize your relief given your exact situation. As a result, no two cases are the same, and it is strongly advised that you retain an attorney who can act on your behalf when negotiating with creditors.
The advantages to debt settlement include:
However, just like bankruptcy, choosing to settle your debt should not be something you do lightly. Stopping payments to creditors as part of a settlement plan can still result in a pretty significant impact to your credit rating that can stay on your record for up to seven years.
For more information on debt settlement, contact an attorney from Arthur M. Blue Law Office, P.A now!