We understand how difficult and stressful it can be to carry excessive debt. Some of our clients come to us in the early stages of debt distress when they find it increasingly difficult to make ends meet because they spend their earnings to make minimum credit card payments, most of which is going toward the payment of interest. Other clients come to us when they are in more advanced stages of debt distress and are receiving collection calls at home and at work and unpleasant collection demand letters. They feel stress each time the telephone rings and dread going to the mailbox. Their credit score has dropped significantly and some have even been sued by creditors. In all cases, this is no way to live.
When you call us, we will review your situation and ask you to share your hardship story with us. One of our greatest points of satisfaction is to know that people trust us enough to share their difficult and personal stories. It is our goal to listen and provide a clear course of action. We’ll talk about your creditors, how much you owe and how delinquent you are in making payments; discuss with you the goals that you would like to achieve, both immediately and long term; and put together a plan that provides options that will work for you.
Begin to protect what matters most to you; your future, your retirement, your home, your children’s future and your health.
Newra is comprised of attorneys practicing in the areas of debt negotiation, bankruptcy, litigation support, credit repair, consumer protection and other related fields in over forty states. Our attorneys and representatives have been dealing with creditors and collection agencies for many years; we know how they operate and implement effective ways to deal with them.
Debt Negotiation
Debt negotiation is often the fastest and most effective way to get out of debt without filing for bankruptcy. Your debts can often be settled for less than your creditors are demanding and your credit can be repaired once the debt is resolved. There are pros and cons and Newra representatives will make you aware of them.
If you make a lower payment in a long-term program, you are merely prolonging your debt problems rather than resolving them as quickly as possible. Aren’t you increasing the likelihood of aggressive collection action from creditors by making them wait too long for a resolution?
The lower payment may seem attractive, but it is designed to get you enrolled in a program, not to attack your debt problems. Once you are in their program, you may be required to send extra money on a regular basis in order to fund settlement offers; this can be as annoying as bill collectors if you are asked for more money.
Bankruptcy
While we’d like to help you avoid bankruptcy, sometimes it is the best option. When you file Chapter 7, your unsecured debt is usually discharged and you may be able to keep most of your assets. Your credit, unfortunately, can be damaged for ten years when you file for Chapter 7 bankruptcy and you may suffer other adverse consequences.
If you qualify for bankruptcy relief, you certainly can take that path; however some people would rather try to resolve their debt through a debt negotiation program instead of being forced to follow the mandates of the bankruptcy court and having the stigma of a bankruptcy proceeding on their credit report. We first like to determine if debt negotiation is an available option. CFLN may be able to match you with a bankruptcy attorney in its network in order to help you seek relief under the bankruptcy code in the event it is the best path for you.
Debt negotiation is an effective tool to resolve delinquent unsecured debt. Our negotiators work with major creditors, banks, debt buyers, credit card issuers, third party collection agencies and collection law firms. It is through our many years of experience that we understand the collection cycle and the way creditors operate. We use this knowledge along with the relationships and contacts that we have built over the years to reach arrangements for repayment that satisfy both the creditor and you. We contact each creditor with a cease and desist letter and demand that they contact us rather than bothering you with collection efforts.
Each month, our negotiators watch your dedicated account balance, creditors and debt balances. We create a plan and then target your debts by priority. Many methods are used to determine the priority and order of settlement; no two creditors are the same and we often approach them differently and at different times. Through our experience, we’ve learned when to contact a creditor and when NOT to contact a creditor. There are also many “squeaky-wheel” creditors that must be handled in certain ways. We know what to say to them and when to say it. We understand which creditors tend to be more aggressive in their collection efforts and which have a loud bark but no bite.
The great news is that by allowing Consumer First Legal Network to work on your behalf, you do not have to know the science of dealing with creditors, collection agencies and law firms; this is our job, not yours. We enjoy it and do it very well!
In short, it is our job to resolve or settle your debt as quickly as possible and to get your debt balances lowered by as much as possible. Give us a call today so we can discuss your situation and learn what options may be best for you.