Debt negotiation can be a good bankruptcy alternative. Your credit report is still negatively affected by debt negotiation, but there are times when the situation can be better than with bankruptcy. However, debt negotiation is only beneficial, if done right. Unfortunately, there are debt negotiation companies out there who are really scam artists. The regulation is non existent, some of the companies are out of state or even out of the country. That is why having an experienced bankruptcy attorney representing you is a safer and better option.
California Debt Relief Attorneys With More Than 30 Years Experience
At the Debt Relief Legal Clinic, our San Diego, California, debt relief attorneys, have more than 30 years of experience. We truly care about helping you get the legal and financial assistance you need. We do not push for any option over the other. Whether filing for bankruptcy or debt negotiation, we keep your fully informed of the best option for your situation. To discuss your case, please contact us online to schedule a free initial consultation. You can also call 888-405-3967.
Debt Negotiation vs. Bankruptcy
While filing for bankruptcy can be very beneficial, we always discuss bankruptcy alternatives with our clients. This is because we want the best possible option for you. Whether this includes bankruptcy is entirely dependant upon your specific circumstance. However, when it comes to debt negotiation, an alternative to bankruptcy, we stress the importance of understanding the risks of some debt negotiation companies. While there are good and ethical debt negotiation companies out there, there are some who are scam artists. When you hire a debt negotiation company, you send payments through the debt negotiation company instead of directly to the creditor. This can be risky because it may become difficult to see exactly where your money is going. Not to mention the possibility of extra fees and penalties.
Having an experienced legal professional handle debt negotiation for you is a safe and secure option. In addition, only an attorney can advise you of the law and whether to file Chapter 7 or Chapter 13 bankruptcy if you decide to go with one of these options. Instead of getting financial assistance from more than one source, do it in one stop with an knowledgeable, licensed and skilled attorney.
Helping You Get Relief From Debt
Filing for bankruptcy is not always the best option, but sometimes you need help from an experienced attorney to get back on track. We are committed to guiding you through the entire process and discussing all possible debt relief options. This may or may not include bankruptcy and instead can be other options like debt negotiations or refinancing of loans. We’re truly here to help you. Call 877-663-3287 or e-mail us to schedule a free initial consultation with one of our San Diego debt relief lawyers.