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

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Home  >  Muscatine  >  Debt Negotiation

Muscatine Debt Negotiation Lawyers

Having debt does not mean you are financially irresponsible; in fact, almost everyone in America has debts of some kind, and often due to unavoidable expenses, such as medical bills and student loans. Unfortunately, due to a myriad of circumstances, there may come a time when these debts become unmanageable, and you may need help settling those debts with your creditors. While bankruptcy can be a viable option for those with serious debt, debt negotiation is often a better answer for those with debt that could be manageable with just a little work.

At Hong Law, PLC, we know that many people in Muscatine are burdened with debt that they are having trouble paying off. For many of these people, debt negotiation is a better alternative to bankruptcy that can help them avoid negative impacts on their credit and manage their debt.

Options for Debt Negotiation

When pursuing debt negotiation, there is not necessarily one correct way to get your debts to a more manageable level. Because of the various options, the knowledge needed, and the time it could take to negotiate debts, many people choose to enlist a skilled attorney to handle their debt negotiation.

Some debt negotiation options a lawyer may choose to use in your situation could be:

  • Paying back debt in a lump sum (one-time repayment)
  • Getting debts owed to creditors decreased
  • Altering interest rates on your current debt
  • Extending repayment period (more time to pay back)

Through these or other debt negotiation methods, a lawyer may be able to help you reduce your debt and get you to a more stable financial footing.

Contact a Debt Negotiation Attorney in Muscatine

If you or someone you care about in your family has outstanding debts that need to be taken care of, debt negotiation may be a viable option. Talk with our experienced attorneys of Hong Law, PLC, today about how we can help you with your finances by calling (319) 294-5853. We have successfully negotiated debts for many clients and may be able to do the same for you.

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