If you have mounting credit card debt and are in over your head you are not alone. Whether your cards are maxed out, your interest rates are too high for any hope of repayment, and/or you cannot afford the required monthly minimum payments we can help advise you on a strategy to possibly rid yourself of bad debt, providing you with a fresh start and a clean slate. We can assist you with other options beside bankruptcy for your credit card debt, depending on your personal situation and is best discussed during a free initial consultation with one of our experienced bankruptcy attorneys.
If you have a few creditors, debt negotiation may be an option. Debt negotiation is a process where we negotiate with your creditors for them to accept less than what is owed, often pennies on the dollar. However, you must have a lump sum that you are able to pay to settle your debts at once, or over a short period of time in order to get the creditor to negotiate the best charge off amount. This tactic may still result in some damage to your credit, but it will not be listed as a bankruptcy on your credit report.
Please be advised that we are not a debt consolidation company, and we do not practice debt consolidation whereby you make payments to us for a year or longer, which we keep in an "account" and then try to settle with your creditors. Unfortunately, we have seen the results (or non results rather), that these companies get people, in fact many of our clients who have filed for bankruptcy, have done so after years of trying to negotiate their debt through the use of such companies, unsuccesfully. This has lead to damaged credit, lost money to the companies, and even lawsuits, and the end result is the same, bankruptcy after years of frustration and angst.
For further information or to discuss getting help with bankruptcy, credit card debt, short sales, or foreclosures we invite you to schedule a free confidential consultation with our experienced northern California bankruptcy attorneys by calling us at 916.983.2941, or filling out our contact us form on our website. The confidential consultation is free.