What Are the Benefits of Debt Negotiation? Debt negotiation can be an attractive alternative for debtors that do not want to declare bankruptcy. Some of the advantages compared to bankruptcy include: Unlike bankruptcy, it does not require a court filing or financial counseling. You can pick or choose the debts that will be included. A debt negotiator can alter payment...
Continue ReadingIn 1967, the Hawaii State Legislature made “for-profit” debt settlement illegal in Hawaii. The legislature explained that prohibition is the only feasible way to control the abuses of debt settlors. A usual sequence of events is that either the creditors or some of them, fail to accept the plan or the debtor finds it impossible to live with; and...
Continue ReadingAre you struggling to pay off your credit card debt? Are you feeling overwhelmed because of the penalties and extra interest charges that are assessed when you’re late on credit card payments? If so, then debt settlement might be the right option to help get your finances back on track. What Is Debt Settlement? At Blake Goodman, PC, Bankruptcy...
Continue ReadingCreditors will sometimes reduce interest rates or temporarily suspend payments (commonly known as forbearance) while their customers get back on their feet. These accommodations can offer some relief, but they frequently do not provide a permanent solution to someone overwhelmed with debt. However, debt negotiation and settlement can offer a permanent solution to your debt troubles. How Does Debt Negotiation &...
Continue ReadingDebt Personal User Personal interest rates for consumers are very low right now. This provides an incentive for all of us, in an attempt to achieve a cheaper interest rate and lower total charge, to take advantage of refinancing our personal loan debt. The phrases debt restructuring and debt consolidation used interchangeably are common to hear, but they are...
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