Plenty of people are talking about the economy being so much better off than it was a year ago. In some areas of the country, that may be true. In fact, even if the real estate market is up and the unemployment rate is down where you live, people facing mounting debt aren’t so quick to look beyond their own personal situation.
So, if you are drowning in debt and in need of relief, don’t despair. You do have options. There are many alternatives to bankruptcy that work in various ways. They all have benefits and negatives. It’s important that you contact a skilled debt relief lawyer who understands the laws relating to debt.
If your personal debt is out of hand because credit cards, medical bills, and personal loans, you aren’t alone. In fact, you are in good company with others hit hard by unemployment and the bad economy throughout the country. Learn more about:
Debt Consolidation: This program allows you to take out a new loan at a lower interest rate and pay off all of your other loans. Now you have one loan payment and it’s easier to wrap your arms around your debt.
Debt Settlement: A more aggressive way to deal with debt relief is debt settlement. With the assistance of a good debt relief lawyer, you can negotiate with your creditors and perhaps agree on a reduced amount that would be marked “paid in full” on your account.
Both of these programs can have a significant impact on your credit so it’s important to know all the ins and outs of them before signing on the dotted line.
One call to Bob Jacovetti will provide you with information on popular alternative debt relief programs such as credit counseling, debt restructuring, and debt settlement. Before you call a for-profit debt relief organization that may very well cost you more than they can save you, speak with a lawyer who puts your interests first.