Can Debt Settlement Help Me?

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debt settlement

It probably comes as no surprise that millions of people have experienced financial hardship since COVID began over a year ago.  When people lose their jobs or get ill, bills begin to pile up.  Eventually, bills go unpaid, debts get out of hand, and bill collectors begin to call.   If this is happening to you, don’t despair, there is light at the end of the tunnel. 

Debt settlement is a way out of the stressful situation many are experiencing during these pandemic times.  It can be a good way to stop the bill collectors harassing phone calls and ensure some sort of stability for you and your family.    

If, after reading this article, you have additional questions about your own situation, then we welcome you to contact debt relief attorneys in Stuart, FL at Crary Buchanan.  At Crary Buchanan, we are proud of our standard of excellence, which has allowed us to thrive as one of the oldest law firms on Florida’s Treasure Coast.  

Our debt relief attorneys in Stuart, FL are passionate about giving you the highest quality representation.  Call us today at 772-287-2600, or schedule a free estate consult online with our online contact form.

1. Why Would I Need Debt Settlement?

Sometimes people are in situations where they owe more money than they are able to pay for medical bills, credit card debt, or other debts.  When people are forced to miss debt payments because they lost their job or got sick, then late fees and interest adds more and more debt to the initial amount owed.  Eventually, it becomes a cycle that you can’t see any feasible way out of.  You don’t have enough money to make the payment, so the company adds a late fee and extra interest to your next payment.  Thereby making the next payment exponentially larger.  Then bill collectors begin to call, and your stress levels rise.  

Life right now is hard enough for people without adding this additional stress.  If you find yourself in this situation, contact debt relief attorneys in Stuart to discuss whether or not debt settlement can help you.

Debt settlement is a good option when people find themselves unable to pay bills.  It is a good choice for people who want to avoid filing for bankruptcy, need relief from substantial debt, or who want to get their debts paid off quickly. 

2. What is Debt Settlement?

Usually, debt settlement allows you to pay off your debt in a lump sum for less than the total amount you owe.  Debt relief attorneys in Stuart will negotiate with your creditors until they reach an agreement that helps you find relief from your stressful financial situation.  You will pay a percentage of what you owe the creditor in a lump sum.  This way you can pay your debts off much more quickly for an amount that works for you.  Any monies owed beyond the agreed upon total debt payments are forgiven.

Finding debt settlement resolutions that work for you requires thinking outside of the box and sometimes takes some creative brain storming.  No two situations are alike, and we always strive to find ways to negotiate with creditors that will fit your needs.  An experienced attorney can always do that, find ways to make it work.  Contact experienced debt relief attorneys in Stuart for help.

3. Whey are Creditors Willing to Agree to Debt Settlement?

Creditors are in the business of making money.  They want to collect as much money as possible.  They are aware that people who can’t pay their debts may turn to bankruptcy for relief from their unwelcome financial situation. Creditors would much rather collect some money from people than collect nothing

Much of the time, in Chapter 7 bankruptcy, unsecured creditors won’t be able to collect any money for debts you owe to them.  It is a sound financial decision on their part to recoup some money instead of having it all forgiven in bankruptcy.  If you are wondering if debt settlement is right for you, then contact debt relief attorneys in Stuart to discuss all of your options.

Debt Relief Attorneys in Stuart, FL Can Help.

At Crary Buchanan, we are committed to providing clients with exceptional service in every aspect of debt relief law.  You can depend upon our 85 years of experience in the Florida legal industry.  We can help you decide what is best for you and assist you throughout the entire process.

Our legal team is passionate about maintaining the high standards of professionalism and legal service that were established and practiced by founding attorneys Evans Crary Sr. and Evans Crary Jr.  Evans Crary Sr. began his law practice in Stuart in 1927 at a time when Martin County was only two years old.  He became a municipal judge at the age of 25 and served as County Attorney for 23 years. 

During his time as County Attorney, he was elected to represent Martin County in the Florida Legislature.  In 1945 he was elected to the Florida House of Representatives.  He served in the House for nine years and even served as Speaker of the House before he went on to become a member of the Florida Senate.  Today, the Crary Buchanan law firm continues to practice the example of integrity, professionalism, energy and devotion that was clearly illustrated in the lives of both Evans Crary Sr. and Evans Crary Jr.

Our clients are more than case numbers; they are people. We recognize that you are an individual with unique needs and expectations.  Our team is here to meet your need and exceed your expectations.  When you work with us, you can have confidence that a caring legal advocate is on your side.

If you have more questions or want a dedicated debt relief attorney in Stuart to help you, call 772-287-2600 or schedule a free consult online with our online contact form.  You can always depend on Crary Buchanan for community, experience, and trust.  Call today.  

The information in this blog post is provided for informational purposes only and is not intended to be legal advice.  You should not make a decision whether or not to contact an attorney based upon the information in this blog post.  No attorney-client relationship is formed nor should any such relationship be implied.  If you require legal advice, please consult with an attorney licensed to practice in your jurisdiction