Birmingham Debt Negotiation Lawyer

Financial obligations continue as life moves forward, regardless of whether or not your budget is in balance. When times are tough, you may find yourself in a position where you need to borrow some money to make ends meet. Debt is a large part of how our society operates, and borrowing money can relieve initial money problems quickly, but if hard times continue, then you may need to seek another option for repaying your creditors. For those who remain uncomfortable with the idea of filing for bankruptcy, debt negotiation can be an alternative that does not leave a so-called red flag on your credit report. Debt negotiation is a complicated process where creditors and the person who owes them money can reach an agreement to pay a lesser amount than what is actually owed. This is sometimes the best solution for the person in debt, and allows creditors to recover some of the money that they would otherwise have to write-off as a loss.

Unfortunately, debt negotiation—when carried out without the help of an experienced bankruptcy attorney—can be very risky. The financial pressure you are under has likely lead to a lot of stress, and emotions may run high during the negotiation process. In situations like these, it is a wise decision to retain the services of a professional who can remain objective throughout the entire process. The Birmingham debt negotiation lawyers of [firm-name] have the knowledge and qualifications necessary to make this process as safe and beneficial as possible for you. Since 1996, Paula Greenway has been helping families find solutions to their debt problems, and she has successfully dealt with many creditors throughout her career.

When creditors continuously call to demand money, it is easy to feel overwhelmed. If you are unsure where to turn for help, look no further. [firm-name] is the team you can trust in these challenging times, and our successful careers speak for themselves. Contact us today at [phone-number] to schedule a free initial consultation.

Why Choose [firm-name]?

With the help of a qualified bankruptcy lawyer, you can carry out effective and helpful debt negotiations with your creditors. Our clients trust us because we work tirelessly to negotiate settlements that benefit their individual circumstances. We understand how sensitive money problems can be for many people, and we are familiar with how to discreetly negotiate on your behalf. For over 20 years, the debt negotiation lawyers of [firm-name] have been the go-to negotiator for families in Birmingham who want to escape the creditor’s relentless pressure. We have the experience and knowledge necessary to help you create a reasonable payment plan that will improve your credit now and in the future.

Paula offers personalized services that will keep you fully informed about your money and how it is being used. Call her at [phone-number] to begin your process of debt negotiation today.

The Type of Debt We Negotiate for Our Clients

[firm-name] can negotiate debt with creditors on your behalf if it unsecured. For instance, when you take out a mortgage or a car loan, creditors can repossess the home or vehicle if you fall behind on payments. These are classified as secured debts, and they do not qualify for debt negotiation. Unsecured debt is borrowed money that does not have a form of collateral associated with it. We can restructure unsecured debt for our clients that may include:

  • Credit cards
  • Banking fees
  • Jewelry store loans
  • Gas cards
  • Cash advancements
  • Retail credit cards
  • Medical debt
  • Personal loans
  • Debt owed after repossession
  • Legal judgements (over 12 months overdue)
  • Private student loans
  • Short selling real estate
  • Peer to peer loans
  • Business loans (with restrictions)
  • Other unsecured debt

If you are struggling with crippling debt, you should understand all of your options. With the right guidance, it is possible to eliminate your debts and secure a bright financial future. [firm-name] has the experience you need to address your problems with debt, and we have the negotiation ability that you need in order to represent your best interests with creditors.

Frequently Asked Questions

We understand that most clients who walk through our doors have next to no experience with the legal side of debt management, so we get many questions on the subject. Often, many of our clients share questions, so for your convenience, we’ve provided a few of these common questions below. Call us at [phone-number] to address any additional questions you have.

How does the negotiation process work?

In order to successfully negotiate with debt collectors and reach a settlement, you should have a strong understanding of how the collections process works, and how different creditors conduct negotiations to restructure debt. This requires the ability to recognize red flags in the creditor’s offering, and you will need to carefully review any contract, before you sign, to assess the risks within the agreement. Creditors intentionally use complicated language to confuse the negotiator and structure the agreement in a way that only benefits the company’s profits, and their ability to conceal these interests generates millions of dollars in revenue every year.

Can I negotiate my own settlement with creditors?

While this is certainly a possibility, many people have discovered that the settlement they negotiated on their own behalf turned out to be a bad deal. Creditors are hungry for money, and they are highly skilled at disguising unfair settlements in clever ways. Paula Greenway has decades of experience negotiating with creditors, and she is familiar with the tactics creditors use to ensure their own benefit. That’s one of the many reasons why she has found so much success in negotiating for her clients.

How much money can I save by negotiating with my creditors?

The individual circumstances surrounding your debt will be a large factor in determining how much money you will save. Some creditors may settle for less than 30 percent of the debt, while others may only settle for 70 percent. Finding a qualified law firm that will aggressively negotiate on your behalf can greatly increase your chances of reaching a favorable agreement.

Why do creditors accept less than what they are owed?

Ideally, creditors would prefer to receive all of the money that you owe them. However, if a settlement cannot be reached, you may be left declaring bankruptcy. Bankruptcy severely damages your credit score, but it also relieves you of all debt. Creditors understand that bankruptcy jeopardizes their chances to recover any money at all, and they are willing to negotiate a smaller sum instead of losing everything.

What is the difference between a debt negotiation lawyer and a debt negotiation service?

Many times, debt negotiation services do more harm than good. These companies claim that they can significantly reduce the amount you owe in debts and serve as a liaison between you and your owed creditor. Unfortunately, not all debt negotiation companies are truthful or up-front about the real uses of your money. Since you send your payments to them instead of to your creditor, it is difficult to know what happens to your money after you send it off. When a debt negotiation service fails to follow through on its promises, you can rack up huge overdue fees and interest rates which will contribute to your debt. Debt negotiation lawyers only work for their clients. When you find success, we find success, and it’s as simple as that.

Should I consider declaring bankruptcy?

Yes, declaring bankruptcy may be in your best interest if no other debt relief options work for you. Bankruptcy can immediately relieve you of all debts, but there are some consequences. Depending on how much and what type of debt you owe, bankruptcy may give you a second chance at financial security. If you are unsure of what the best option is for you, contact a qualified personal bankruptcy lawyer for a free consultation.

Contact Us

No matter what your current financial situation is, [firm-name] has the experience to find a solution for you. For over two decades, [firm-name] has been aggressively negotiating with creditors to reach settlements for our clients, and we are prepared to help you figure out a way to escape debt. You don’t have to fight creditors on your own, and with our legal assistance, your debt can disappear. Contact the Birmingham debt negotiation lawyers of [firm-name] today at [phone-number] to learn more about your options.

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