Debt Resolution Companies
The abundance of print, radio, and television advertisements for companies that claim to offer debtors an easy and quick resolution of their financial obligations should give some insight into how widespread debt problems have become. Though these debt resolution companies are usually functioning within the law and many are indeed able to negotiate with your creditors to gain a more favorable settlement or repayment plan, there are some things that they do not want you to know. Many of these companies have close ties with the creditors to whom you owe money.
In such a situation, it is hard to know whether you can really trust them to be looking out for your best interest rather than their own ongoing professional relationships. It is a conflict that you do not have to accept. Contact the Arizona bankruptcy lawyers of the Harmon Law Office, L.L.C. at 480-829-0494 to speak with a skilled and experienced attorney about your present debt situation.
How Bankruptcy Can Help
Though a debt resolution company may be able to negotiate a settlement that only requires you to pay a portion of the money that you owe, there are a number of reasons that this may not be an option that you wish to seek. For example, there are no legal measures in place to compel the halting of collection calls and letters while you are working with a debt resolution company. Also, though your creditor may agree to accept partial payment as satisfactory, your credit report will reflect that you did not pay the total amount due. Some of the ways that bankruptcy can help are:
- While in bankruptcy, creditors are barred from contacting you
- Some forms of bankruptcy allow you to pay the whole amount of your debt on a more reasonable schedule
- It can gain you the opportunity to begin rebuilding your credit
Contact Us
Let our team of experienced legal professionals help you to find the right course of action for your particular debt situation. Contact the Arizona bankruptcy lawyers of the Harmon Law Office, L.L.C. today at 480-829-0494.