When faced with seemingly insurmountable debt, bankruptcy is not your only option. Millions of Americans struggle to pay off their bills and loans on time, creating a cycle that can become financially crippling. Mercer Law can help settle your debts and create a functional payment plan that fits your budget if you find yourself in this situation.
Debt settlement is the process of negotiating down the remaining balance owed on a given debt, usually on a past-due account. This exchange typically involves contacting a creditor, making an offer – usually in the form of a lump sum to reduce the remaining balance – then negotiating payments. Once the new amount has been agreed to and the payments completed, the account is considered settled, and you will not have to deal with collectors.
Most people do not have functional knowledge and experience dealing with creditors. Knowing how much to offer to initiate a conversation requires the savvy of a professional. An experienced attorney not only gives you a better chance of reaching a favorable outcome, they can also protect you from litigation and damage to your credit.
The Mercer Law team is dedicated to helping and protecting our clients every step of the way. Our goal is to help you find the best possible outcome for your situation. Call us today to discuss your debt settlement options!