3 Signs You Need to Hire a Debt Settlement Attorney

If you are behind on some of your payments or have debt you cannot pay off, you are not alone. Millions of Americans struggle with debt daily and don’t realize there are resources they can use to help not only alleviate their stress, but also their debt. Debt settlement attorneys work for you by negotiating with creditors to help settle outstanding debt. Here are some signs you should look for when deciding if a debt settlement attorney is right for you.

1. You are considering filing bankruptcy. There comes a point where your debt can grow so large, you no longer have any ‘wiggle room’ to work with. Before actually hiring a bankruptcy attorney, it is a good idea to speak with a debt settlement attorney. They may be able to provide better options than other agencies who say they can lower your debt.
2. You can’t negotiate with your creditors. Occasionally, you speaking with your creditors yourself can help ease your interest rates. However, if you are attempting this on your own and getting nowhere, it may be time for you to hire a professional. Creditors are more likely to work out a deal to lower your interest rates if they know you’re back by an attorney.
3. Creditors are harassing you. If creditors are calling you at inconvenient times, using abusive language, threatening you, or making false statements, contact an attorney immediately. The Fair Debt Collection Practices Act, enforced by the Federal Trade Commission, makes this kind of debt collecting illegal. Struggling with paying back a debt does not give creditors the permission to harass you to get you to pay.

If any of these signs point to you, it may be a good idea to get in contact with a debt settlement attorney, and the experts at BCN in The Villages want to help you. We have experience successfully negotiating with banks, mortgage companies, and credit card companies for families that were on the verge of bankruptcy. Let us help you figure out the best plan to get a better handle on the money you owe to your creditors by calling us at (352) 775-4739 for a free consultation*.