Life-altering events like job loss, divorce, death of a spouse, or other serious changes can often have a severe impact on a person’s finances. In some cases, people may find that they are no longer able to afford the lifestyle they are used to and may not be able to make regular payments on their debts. While bankruptcy is a common method of eliminating debt and moving on, individuals struggling financially may also turn to debt negotiation.
Persons who wish to deal with overwhelming debt but do not wish to file for bankruptcy may decide to turn to debt negotiation to work out a solution to their financial problems. While it is possible to contact your creditors on your own, it is wise to consult an experienced debt negotiation attorney to make sure you get the proper consideration for your claim. For more information on debt negotiation, contact the Birmingham debt negotiation attorneys of [firm-name] at [phone-number] today.
When attempting to reach a debt negotiation settlement, many people find that:
For many people, demonstrating financial hardship is often done through what is known as a hardship letter. A hardship letter is generally a detailed description of the events that led to your monetary problems and should include statements of your desire to repay what money you can to your creditors.
If you are experiencing serious financial problems and are struggling to repay your debts, contact the Birmingham debt negotiation lawyers of [firm-name] at [phone-number] to discuss your options.