Let our office negotiate your debt.
If you have a lot of credit card debt sometimes we can work with your creditors to reduce the amount you owe and make payments to these creditors in a series of payments. Each creditor is paid in a lump sum and the debt may be reduced by fifty per cent or less.
Some creditors will tell you that their debt is not dischargeable in a bankruptcy.
This is very typical of pay day loans. I have met scores of clients that have told me that a pay day loan cannot be discharged and if they don’t pay they will file charges at the State Attorney’s office for a bounced check charge. This is patently false. The pay day lender cannot file charges against you because when you wrote the check the pay day lender knew you did not have the funds for the check to clear. In addition, pay day lenders charge up to 1200 percent in interest because the loan is due within 15-25 days from the date it is borrowed.
Do not attempt to negotiate with these creditors on your own. Use the experience of a Ocala Bankruptcy lawyer to negotiate for you. Debt settlement companies are a loosely regulated industry that prey on people who are having trouble paying their credit card debts. Most of them work by putting the money you pay them into an account which they then use to pay the creditor. By the time you have saved up the money to pay the Debt settlement company your credit is ruined and many times the credit card is already suing you in court. The debt settlement companies are not normally lawyers so they cannot represent you in court.
Because creditors have their own rules regarding how much debt will be forgiven, this type of negotiation should only be handled by a licensed and experienced lawyer. As an Ocala bankruptcy attorney, I can work with your creditors to try and reach a debt settlement that you can afford. Use our 29 years of experience to help you reduce your debt. I have been practicing bankruptcy law since 1986 and I have a proven track record of debt settlement.
Call our office today and get the informed information you need to make an intelligent choice.