Credit Cards, Debts, Negotiations, & Settlements
With the economic downturn, many people have become buried by their once otherwise manageable debt – especially credit card debt.
When a consumer defaults (or gets close to defaulting), collection activities escalate either by the creditor or through a third party collection agency. Although the debtor has fallen behind, it does not mean the borrower is without options. The debtor should seek the guidance of legal counsel in order to learn about their rights and options. In many cases, a knowledgeable attorney can work to get the debt restructured.