Most Americans have some amount of debt. Secured debt is money borrowed for an item purchased with a lien (for example a house or a car). Unsecured debt is not protected by a lien against property (for example credit card debt or a payday loan). Many of us ere not taught good debt strategies as adolescents, so, while we may have eventually learned good ways to handle and prevent debt, it’s probably after a mountain of debt has accumulated.
If you find yourself in a lawsuit brought on by debt, you should talk to an attorney about your legal options for resolving that debt. I’ve handled multiple cases where thousands of dollars are washed away because an lawsuit on a debt was not properly before the court. However, the majority of our cases end in a settlement of a valid debt.
What does debt settlement look like? Sometimes it’s a deep discount on the debt claim, sometimes it’s a manageable repayment plan over time, and often we get both. How can things work out for you? Give us a call, and let us come up with a debt strategy that works for you.
Check out this article from the Houston Chronicle.