Martindale Hubbell Find A Lawyer
About Credit Card Consolidation and Debt Negotiation
About Chapter 7 Bankruptcy
About Chapter 13 Bankruptcy
What is Credit Card Debt Settlement? Bradenton, FL
Credit card debt settlement is a legal process of debt reduction in which the consumer, often with the help of a consumer attorney or a debt settlement attorney, negotiates a reduced balance with the credit card company or holder of unsecured debt. We refer to it as credit card consolidation because a client typically writes one check a month depending on the agreement reached, and what licensed attorney or law firm is used, and such funds go into an escrow account to then be dispersed. Be sure to hire an attorney who specializes first and foremost in Debt Settlement and Debt Negotiation such as this. Keep in mind a licensed attorney should be facilitated when performing debt negotiation.
Credit Card Debt Settlement or Consolidation is an Alternative to Bankruptcy Bradenton, FL
People who opt for credit card debt settlement or consolidation for one of many reasons do not want to file bankruptcy or may not qualify for bankruptcy. Many laws firm that handle Bankruptcy also also handle debt negotiation so be sure to ask an attorney about it.
Are Secured Debts Included in Credit Card Consolidation or "Debt Settlement"? Bradenton, FL
Typically consolidation of unsecured debts such as credit cards or “debt settlement” of unsecured debts, does not include secured debts, such as a home or a car, and in no manner is it a way to cease paying unsecured debts, such as credit cards. Credit card consolidation can, however, make it easier to handle secured debts.
Be sure to speak to a licensed attorney about debt settlement and credit card consolidation