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Janet K. Hong and Derek Hong are the founding partners of Hong Law, PLC

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Home  >  Marshalltown  >  Debt Negotiation

Marshalltown Debt Negotiation Lawyers

At Hong Law, PLC, we understand how easy it is for a person in Marshalltown who is facing an overwhelming and ever-increasing amount of debt to feel at a loss and as if there is no way out. However, with about 69% of the American population having some form of debt, according to the Census Bureau, it is also important to know that you are not alone and that you do have options for getting rid of your debt.

In fact, one of the more popular options is debt negotiation. Often, with the help of a legal professional, a person in debt is able to use some type of debt negotiation to decrease the amount of money they owe or pay it off in a more manageable way. Trough debt negotiation, many people are able to find the financial security and peace of mind that they desire.

Options for Debt Negotiation

Although there are certain situations in which debt negotiation is not the best option, if an option at all, there are many debtors for whom it is the best way for alleviate much of their debt. Some of the ways that debtors are able to pay off their debt through debt negotiation include:

  • Paying back debt in a lump sum repayment
  • Negotiating a decrease in overall debt
  • Getting an extended repayment period with creditors
  • Adjusting the interest rate on debt

These options, available to many people through debt negotiation, give debtors a chance to regain control of their financial circumstances and pursue repayment on their own terms.

Contact a Debt Negotiation Attorney in Marshalltown

Facing debt can be difficult, especially if you do not want to file for bankruptcy. Fortunately, debt negotiation can give you another option. If you are considering debt negotiation as a way to repay creditors and get out of debt, contact our lawyers from Hong Law, PLC, by calling (319) 294-5853 and discuss how we can help you get started.

Iowa City and Coralville Office Location: 845 Quarry Rd #130
Coralville, IA 52241
Phone: (319) 354-1804
Map to our Coralville Office