Debt Settlement in Ohio
Debt settlement offers an effective alternative to filing for bankruptcy. It is a fast and efficient way to deal with financial issues. Even if one is experiencing difficulty making payments on credit cards with increasing interest rates, debt settlement is a viable option to consider as a means to ease financial burdens.
Debt Settlement vs. Debt Consolidation
Debt settlement is not the same as debt consolidation. Debt consolidation is when a debtor is provided with loans to pay off existing outstanding debts. High interest rates and fees are often attached to the loan in debt consolidation. For debt settlement, an agreement is reached between the debtor and creditor on a fixed amount to be repaid. There are no loans involved and the individual responsible for the debt usually is required to pay off the amount agreed upon within a fixed amount of time.
Debt Settlement and Debt Consolidation Process
When an individual enlists the legal support of a firm like Luftman, Heck & Associates, the attorneys negotiate the settlement to a monthly budget he/she can reasonably afford. The negotiated settlement amount is usually a fraction of the original loan amount.
If an individual is experiencing difficulty making credit card payments on accounts with increasing interest rates, debt settlement is a viable solution for addressing a financial hardship.
The Luftman, Heck and Associates Advantage
We at Luftman, Heck and Associates are committed to assisting our clients in each stage of the debt settlement process in Ohio and in helping eliminate their consumer debt. Our goal is to provide the best outcome on behalf of our clients, whatever their situation may be.
If you or a loved one are in need of legal representation for debt settlement or debt consolidation in Ohio and interested in learning more about Luftman, Heck and Associates LLP, please contact us online. A member of the firm will contact you directly to discuss your case in more detail and provide additional information about our services.
