If you feel overwhelmed by the prospect of repaying your debts, debt negotiation & settlement in Hendersonville, NC may be a viable solution.
When you receive notices for late payments in the mail on a daily basis and you feel like you can’t get away from the constant calls of your lenders, you may start to think there is no way out from the debt that consumes you. At Leonard & Moore, PLLC, we are here to assure you that there is in fact a way to overcome the crushing effect of your debts, and it doesn’t have to involve declaring bankruptcy.
If you feel overwhelmed by the prospect of repaying your debts, debt negotiation & settlement may be a viable solution. This process allows you to negotiate with your lenders to potentially make lower payments or reduce the amount of total debt you owe in exchange for a larger, upfront payment.
While the debt negotiation & settlement process can be beneficial, it may not work out in your favor if you make the following mistakes:
- Failing to understand if your debts are secured are unsecured
- Not understanding your creditor’s strong points and weak points
- Negotiating with funds from retirement accounts or equity from secured property instead of cash
- Settling for too little
During the debt negotiation & settlement process, having a lawyer on your side can prove invaluable to ensure you do not make these common mistakes and are able to benefit from conducting negotiations with your lenders. Contact us at Leonard & Moore, PLLC, to find out how we can help you overcome the difficulties of overwhelming debt and make a fresh financial start. We serve Hendersonville, NC and surrounding areas.