Debt Negotiation And Settlement
Sometimes, bankruptcy is the only good option for people, but it can some serious negative consequences, like remaining on your credit report for up to 12 years. At Hurst & Hurst Law we want you to know all of your options before you resort to bankruptcy. A good alternative option to bankruptcy can be debt negotiation. The lawyers at Hurst & Hurst Law are experienced in debt negotiation and can help you negotiate debt settlements with your creditors.
What Kinds Of Debts Can Be Negotiated
You can negotiate debts of any kind including credit cards, medical bills, and some loans. You can’t normally negotiate settlements on secured loans, such as home or auto, unless you’re willing to let go of your house or car. It can also be possible to negotiate with the IRS and other tax enforcement agencies, however they are not required to settle. Student loans can be negotiated, however, they are generally the hardest to settle.
Debt Negotiation Is A Better Option Than Debt Consolidation
Consolidation of consumer debt often requires the use of a home equity loan, which places a lien on your property. This puts your home at risk if you default on your payments. Our attorneys offer debt relief that is not tied to your real estate, so you do not have to fear the loss of your home.
Consider Debt Negotiation As An Alternative To Bankruptcy
At Hurst & Hurst Law we strongly advocate debt negotiation over bankruptcy whenever possible. We can help you make an informed decision based on your individual needs. For a free debt relief consultation contact the attorneys of Hurst & Hurst Law at (859) 209-2101.