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Personal Debt Relief, Collection & Settlement Lawyers

Personal Debt Relief, Collection & Settlement Lawyers

Personal Debt Relief, Collection & Settlement Lawyers

Your personal debt can take many forms, and basically amounts to everything you owe, such as bank loans, credit cards, student loans, personal loans, other loans (such as automobile loans). Some debt is secured; for example, if you take out a loan to purchase a car and default on the payments, the car can be repossessed. The title to the car acts as security for the loan. Other debt is unsecured;

for example, credit card debt is unsecured. All debts have to be in writing to be collectible. If you find yourself unable to pay a debt, the first thing to do is to contact the creditor and let them know, and ask for an extension, or modified repayment program. That is the easiest way to avoid collection activities, and a personal debt attorney can assist you with this.

If you have personal debt and need to settle it for less than is due, are facing collection activities, either because a creditor is sending you notices and calling you to collect, has referred the collection matter to an outside agency, or has filed in court to collect on the debt, it is important to not ignore the problem and instead get advice on how to protect yourself. You can negotiate with a creditor to accept less than the full amount due, or to extend you a longer period of time in which to repay the debt. A Court Buddy personal debt attorney can help protect your interests and will work to achieve a settlement that works for you.