Your Peters and Associates attorney will LOWER THE AMOUNT YOU OWE your creditors.
Typically, you’ll wind up paying back 20% to 40% of the total balance.
Over the past twenty years, we’ve helped households all across the U. obtain debt consolidation, and free themselves from the burden of credit card and other unsecured debt!
Check out with your Nevada debt relief agency for all details and customization to your financial situation.Much like a professional athlete or television star, you have the right to attempt to renegotiate any contract at any time.Before considering bankruptcy there are several options you might want to pursue.The availability and usefulness of these options will depend on your employment (or income) situation and the type of assets you have.They may even have enough to pay the balances in-full immediately instead of settling, but they’re smart enough to know that they want their money to work for them, not against them.
At P and A, we handle all types of settlement cases, and will build a plan that works for your situation. If you have ,000 or more in unsecured debt, such as credit card debt, medical bills, payday loans and personal loans, you should consider debt settlement.
If you ARE considering bankruptcy, you should DEFINITELY consider debt settlement before filing.
In some cases, you’ll pay less in a debt settlement plan than you’ll have to pay the courts in your 3-5 year bankruptcy plan.
You may also be able to lower your cost of credit and improve your financial circumstances by consolidating your debt through a second mortgage or a home equity line of credit. This option is especially important to consider if you have more equity in your home than you are allowed to protect with your Nevada home exemption.
If you have more equity in your home than can be protected with your Nevada home exemption you will either have to surrender you home under a Chapter 7 bankruptcy or, if you want to keep your home, create a payment plan under a Chapter 13 bankruptcy.
The goal of this negotiation is to convince the collector to take a small portion of the total balance as Payment-In-Full.