Florida Debt Relief Lawyer
Methods of Debt Relief
With the current economy, so many individuals are facing substantial issues
with debt. There are many methods to obtain debt relief when clients do
not know which way to turn. These financial difficulties cause them to
have to face large amounts of stress and anxiety because it often appears
as a hopeless situation. They may be facing harassment by creditor contact
and do not want to turn to the solution of bankruptcy. Bankruptcy is often
the chosen method for substantial debts that need a fast solution that
gets the job done. There are other options, however, that should be discussed
before making a final choice.
St. Petersburg bankruptcy lawyer from our firm can be the legal help needed to understand the current debt
situation. For those who are no longer able to meet their financial obligation
for reasons such as losing a job, a reduced income, illness, or divorce,
they should develop an understanding of the types of relief available.
If you are in debt and in need of relief, we can help! When dealing with
debt relief on your own, banks and other individuals involved in the situation
may not listen to you attentively. Our firm, however, can listen to your
needs and suggest one of the following means of debt relief:
If you are not able to afford monthly payments that are associated with
a debt, you can negotiate with the creditor for terms that are more favorable
to your situation. Our firm can provide you with the legal resource you
need to help you negotiate your debt. We can help negotiate a lower interest
rate, waived penalties, waived fees, and even a longer period of time
in which you have to pay off the debt. Overall, we can help you negotiate
In many cases, creditors may be willing to settle for a lower debt than
originally planned. As your attorney, we can help find a settlement that
works with the company you owe. They are often willing to do so as an
alternative to legal action. They may even settle for as low as 25% of
the original debt. This often works when negotiating your monthly credit
card bill. Debt settlement is different than credit counseling because
it is typically faster than resolving the debt and it focuses on unsecured debts.
Debt consolidation occurs through a company who takes monthly payments
from the debtor and then splits up the payment to the creditors. This
offers the debtor a much more manageable way to pay off existing debts.
This process is beneficial for those who are not able to make payments
each month. It replaces multiple bills with one affordable payment.
The type of debt relief called mortgage modification helps those who are
being threatened with foreclosure. It is also known as restructuring or
loan modification and is for those who are having difficulty paying their
mortgage. This option should be discussed by those who are not able to
pay off their debts and want to lessen the terms of their loan or mortgage.
Legal Assistance from a St. Petersburg Bankruptcy Lawyer
When you are navigating the process of debt relief, it is important to
know that typically, debt consolidation companies are interested only
in making money. Their primary goal is not the best interest of the client
and can often make situations worse. At LeavenLaw, our aim is to help
you obtain the relief you need from your debt. If you have significant
amounts of debt, we can help you improve this situation.
Contact our firm to learn more!