Debt relief is the partial or total forgiveness of debt or the slowing or stopping of debt growth. If you have been struggling with bills and don't' see any way that you can get out of that hole, debt relief may be in your best interest, but what are your options? Greensboro, North Carolina attorney Ralph W. Gorrell will be there to help you figure out which option is best for you, and will guide you through so you can start fresh with your finances.
If you are facing foreclosure, lawsuits, liens, repossession, or wage garnishment, a qualified debt relief lawyer can help find the best option to help eliminate debt immediately. An experienced debt relief lawyer can provide you with the quality legal advice and representation you need to navigate through actions such as credit counseling, debt consolidation, debt management, debt settlement, and bankruptcy.
Sometimes taking control of your finances mean creating a budget. Through credit counseling, you can figure out where you're spending too much money and using that extra money to pay off credit card bills, medical expenses, student loans, and so on.
If your debt stems from many channels, it may be in your best interest to consolidate them into one easy, monthly payment. This can help lower both your interest rate and your monthly payment.
Nonprofit credit counseling agencies work with lenders to reduce your interest rates to a level you can afford. You don't need a great credit score to join the program, but if you fail to make your payments on time, you could be terminated from the program.
You'll work with a firm to convince your lenders to settle a debt for less than what is owed. This rarely works out the way it's supposed to, but speaking with an attorney will give you a better understanding of how the process works.
This is often a last-ditch effort for those trying to eliminate their debt because it can have a long-term effect on your credit score.
Call Ralph W. Gorrell Attorney at Law in Greensboro, North Carolina to get the answers you need to choose the right solution for your financial future. He employs all legal means available to stop harassing phone calls and letters.