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Home  >  Articles  >  How Debt Negotiation Can Help

How Debt Negotiation Can Help

Facing financial difficulties is a stressful situation that affects many Marion residents. Although many individuals may consider bankruptcy, it would be a mistake to always assume that bankruptcy is the only option. There are other alternatives available to help you manage your financial situation. Debt negotiation, for instance, is one method that would likely benefit many people facing overwhelming debts.

The attorneys of Hong Law, PLC, know that through debt negotiation, many people can re-gain control over their finances without experiencing the negative effects that bankruptcy has on your credit.

Benefits of Debt Negotiation

Debt negotiation allows people to pay back their debts without filing for bankruptcy, which is an option that appeals to many in the Marion area. Debt negotiation may permit people to repay their debts through:

  • A large, lump sum payment of debt
  • Reducing / removing interest rates
  • Negotiating debt down to a manageable amount
  • Increasing / lengthening repayment period

By re-negotiating debts, Marion residents can feel like they are in control of their financial futures again. Debt renegotiation also allows individuals to avoid bankruptcy and any negative effects that may accompany that process.

Contact a Bankruptcy and Debt Negotiation Attorney in Marion

If you or someone you love is experiencing serious financial problems and is facing the possibility of bankruptcy, do not forget to consider debt negotiation as an alternative. The attorneys of Hong Law, PLC, can help Marion residents evaluate the state of their finances and consider debt negotiation as a possibility. Contact our offices today by calling (319) 294-5853 to discuss your particular situation.