Avoid Bankruptcy with Debt Negotiation
The experienced attorneys at Montaño Arentz & Associates, PLLC have been able to successfully settle or negotiate many debts for substantially less than the balance owed. Most large banks have systems in place designed to help them collect something on accounts that go bad. These systems take into account various factors when deciding whether to settle your debt and for how much, but nearly all creditors will take money off the principal balance to settle your debt.
A common problem that people face, when trying to get out of debt using a traditional debt negotiation service, occurs when settlement offers are made and consumers don't have the funds to accept the offers. Many times the creditors have limited time frames before moving into the legal phase. Sometimes when a lawsuit is filed, due to an inability to pay the only option may be Bankruptcy. Therefore, it is vital that you save as much as possible each month, because we will not “hold your payments." You will save your own money every month and when a debt is negotiated, you will pay the creditor directly. The experienced attorneys at Montaño Arentz & Associates, PLLC will be with you every step of the way.
The best candidate for a debt negotiation program is someone who is on a fixed income, someone who is self-employed, or someone who is an independent contractor. Normally, these wages cannot be garnished, making the prospect of a lawsuit substantially less and/or the collection of a judgment virtually impossible. “We call this judgment proof”. Another great candidate is someone who has access to funds in an emergency. For example, this could be from a relative, a refinancing, or retirement money.
Debt settlement is good for some people, but it cannot be predicted or guaranteed how much money can be saved. There are many factors that go into determining the actual amount negotiated, but most of clients are pleasantly surprised at the outcome of their case. Debt negotiation is a good alternative for people who are in dire circumstances and have a large amount of debt.
Do I Qualify for Debt Negotiation in Arizona?
At Montaño Arentz & Associates, PLLC, their experienced debt negotiation attorneys are available to help answer your questions at no charge. They offer a free debt evaluation.