Negotiating Settlements in Jacksonville, FL
Restructuring Payment Plans & Negotiating Debt
The attorneys at Owenby Law, P.A. have unsurpassed levels of experience
and success when it comes to negotiating down existing debt and restructuring
payment plans. We have an established reputation as tough negotiators
and knowledgeable credit law attorneys—a reputation that carries
weight with the major credit lenders and bankers. If you have come to
the realization that you are unable to pay back the money that you have
borrowed, and you cannot keep ahead of your monthly bills,
contact our office to discuss your personal financial situation.
How Settlement Negotiations Work in Florida
When a bank, mortgagor, or credit card company gives a loan, it is doing
so with the expectation that the principle and interest will be repaid
in full, but also with the awareness that this does not always happen.
In cases where they cannot recover the full amount of the loan, lenders
will attempt to recover partial repayment. In other words, getting something
back is better than getting nothing at all. In order to avoid the time
and expense of trying to collect the entire balance of a delinquent debt,
lenders will sometimes accept a percentage of the total amount remaining.
Other times, they will allow the payments to be reduced and extended over
a longer term so that they are more affordable to the borrower. In the
cases of collateralized loans, lenders will often forgive or reduce the
debt in exchange for the return of the property. Jacksonville bankruptcy
lawyers at Owenby Law, P.A. are familiar with the guidelines that dictate
how much of a reduction a lender will settle for. Once we understand your
situation, we can begin negotiating a settlement with your creditors.
Lenders are usually more forthcoming with professional debt counseling lawyers.
Call Owenby Law, P.A. for the Help You Need
When circumstances beyond your control make it impossible to adhere to
the terms of a loan, Owenby Law, P.A. can negotiate a settlement for you.
Contact the attorneys at our law office to
schedule your free consultation. You can reach us at (904) 770-3141.