Exploring Debt Settlement as an Option
Debt settlement is a process in which your attorney contacts each of your creditors and negotiates a settlement with them that consists of a portion of the total debt owned. Considering the overwhelming burden of debt many Americans these days find themselves struggling under, debt settlement is a particularly vibrant option. This process can be a means to reestablish your financial stability and free yourself from the stress and anxiety caused by financial hardship.
According to the American Psychological Association as many as 80% of Americans are stressed out about their personal finances, many of whom are greatly concerned about being able to provide for their family's basic needs. An attorney from Price Law Group can provide you with the information you need if you would like to find out if debt settlement is right for you.
Assistance with Financial Stress
A skilled and knowledgeable legal professional can help you negotiate a debt settlement so that you don't have to suffer under the burden of mounting debt. An attorney can help you settle debt from:
- Credit Cards
- Credit unions
- Unsecured loans
- Business loans
- Unsecured lines of credit
- Cars in repossession
- Medical and hospital bills
It is not unlikely to encounter some financial hardship, such as the loss of a job, a decrease in pay, or suffering a costly injury or illness that throws your finances into turmoil. Some individuals will continue paying their bills out of fear of defaulting on a payment. Just to avoid a miss payment, individuals may drain their savings or pay down the balance of one credit card with another. While these misguided tactics may stave off defaulting on your loan or payment, they do not address the basic problem and allow your debts, interest, and penalties to continue to grow. No matter what kind of debt you may have, a qualified attorney can help you settle.