People want to pay their bills, but creditors' demands may seem unrealistic. Negotiating a reduction of a creditor's demand may solve the problem. Our attorneys are skilled at training you how to negotiate with your creditors to buy out your own debts, becoming debt free faster than you may have thought possible.
Personal Debt Restructuring
Trying to manage multiple, high-interest debts is a daunting and expensive endeavor. Too many debts can prove unwieldy; leaving you the chaos of figuring out what payment is due when and to what creditor. On top of all of this, you still have to figure out how you will be able to afford the exorbitant interest rates on your cards. The solution to all of these problems may be a personal debt buyout or restructuring.
A personal debt restructuring program can bundle your many, high-interest debts into one more affordable package. This can often include an outright purchase of your debt from your creditors. Your interest rates may be reduced, your monthly payment may get smaller, and more of your money may go toward the principal of your debt instead of interest payments. On average, debt restructuring customers become completely debt free from their unsecured debts in two to four years. As an added perk, you make one payment to your established savings account, and then systematically resolve your accounts with your creditors from a position of strength.
If you've been struggling with debt for awhile you may be in the position to consider taking out a debt restructuring loan or working with your creditors to buy out your own debts. But what are the rules and guidelines regarding such a restructuring? What can you expect from the creditor? What rights will you have? Laws vary from state to state governing debt buyouts and restructuring, but our network of attorneys can help you navigate these laws to ensure the best possible results for you.