What is Debt Negotiation?
Debt negotiation is settling your debt with creditors for less than you owe. Accepting the agreed upon repayment is called settlement. This is a way to settle your debts without the need for Bankruptcy. Hurst and Hurst Law can help you negotiate with your debtors to find a repayment plan that's feasible for you.
Why Choose Debt Negotiation Over Bankruptcy?
Debt Negotiation And SettlementSometimes, bankruptcy is the only good option for people, but it can have 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 negotiators 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 is possible to negotiate with the IRS and other tax enforcement agencies, however, they are not required to settle. Student loans can be negotiated, but 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.
Is Debt Negotiation Your Best Alternative?
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.