Jacksonville Debt Settlement Attorneys

In today’s economy, it’s not uncommon for people to have credit card bills piling up. Some people are even in danger of foreclosure, wage garnishment, or car repossession.

It might seem as if there is nowhere left to turn. But this doesn’t have to be you. If you’re struggling with the following, debt settlement might be the right choice for you:

• Making monthly payments
• Paying off existing debts
• Preventing yourself from acquiring new debts

At Lansing Roy, P.A., our caring Jacksonville bankruptcy attorneys have experience navigating debt settlement cases. During your free initial consultation, an attorney will review your financial situation (your income, assets, and any real estate you have) with care and present the best options available to you.

To schedule your free consultation, contact our Jacksonville debt settlement lawyers by phone at (904) 574-5499 or through our online form.

Understanding the Debt Settlement Process

While bankruptcy might be the right option for some, this is not always the case. Instead, your lawyer can speak to your creditors and arrange for debt relief. After a debt settlement has been negotiated, an individual will pay one lump sum to the creditors that is often much less than the original amount owed.

Typically, the amount of the lump sum is around 50 percent of the full amount owed, but sometimes a lawyer can negotiate for a payment as low as 25 percent of the original amount. Once the creditor receives the payment, the debt is considered satisfied.

Because their only other options are to receive no payment at all or engage in lengthy—and often costly—litigation, creditors will frequently agree to accept settlements. However, because there is no obligation to agree to such settlements, it is extremely important that you have an experienced and persuasive lawyer to fight and negotiate for you.

Benefits of Choosing Debt Settlement

In addition to alleviating the amount of debt owed, there are many other benefits to debt settlements.

These advantages include:

• An experienced debt settlement lawyer does all the negotiating, so you are no longer required to speak to creditors yourself
• A debt settlement lawyer may be able to persuade a creditor to agree to more manageable settlement terms
• You can avoid dealing with debt consolidation programs, which are typically fraudulent and are not forthright with all that debt consolidation entails

How Our Jacksonville Debt Negotiation Attorney Can Assist You

A Jacksonville debt settlement attorney provides essential guidance for individuals overwhelmed by debt. Leveraging a comprehensive understanding of debt settlement law, an attorney offers a pathway to financial stability, negotiating with creditors and limiting overwhelming communications for those who feel besieged by their financial obligations. By retaining a debt settlement attorney near you, people gain an advocate who is experienced in helping reduce burdensome debt in a manner that aims to protect their financial future.

Services offered by debt settlement attorneys include:

• 360° Financial Assessment: Reviewing clients' financial situations to develop a tailored debt settlement strategy.
• Negotiation with Creditors: Acting on behalf of clients to negotiate settlements that aim to substantially reduce the amount of debt owed.
• Legal Representation: Providing legal representation to ensure creditors respect clients' rights and any debt settlement agreements.
• Guidance Through Legal Documentation: Assisting clients with the preparation and submission of any necessary legal documents involved in the debt settlement process.
• Strategy for Avoiding Future Debt: Offering financial planning assistance to help prevent future debt accumulation.
• Continuous Communication: Keeping clients informed about the progress of their negotiations and any changes in their financial standing.
• Creditor Correspondence Management: Managing all correspondence with creditors, relieving clients from the stress of direct communication.

Related Reading: Avoid Bankruptcy by Avoiding Debt

For more information, call (904) 574-5499 or contact us online. We proudly assist clients in Jacksonville, northeast Florida, and southeast Georgia.

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