What Should I Do if I Am in Debt?

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There are few things more frightening than finding yourself in a massive amount of debt that you simply cannot pay off on your own. Fortunately, you likely have options, and the right New York City debt collection defense lawyer can help you explore those options. Please continue reading and reach out to our competent NYC debt defense law firm to learn more about how we can help you through each step of the legal process ahead. Here are some of the questions you may have:

What are my options if I am looking to get out of debt?

The first thing you should understand is that although being contacted by debt collectors, sometimes repeatedly, can be an overwhelming experience, the truth is, it does not have to be, as long as you have a skilled lawyer in your corner. An attorney can help you either try and settle your debt or fight it entirely. In many cases, though reaching a settlement is not ideal, it is a solid option, as you will still have to pay off a certain amount of debt that you owe, albeit a lower amount. In this case, you, along with your lawyer, will explain your financial hardship to the Plaintiff’s counsel and express that you are hoping to make a lump-sum payment to settle the debt. In most cases, however, you will likely have to pay roughly 80% of the debt you currently owe. That said, once you make this payment, your debt should be squared away and you can move on with your life.

Do I need a lawyer if I want to fight my debt?

Whether you are hoping to settle or fight your debt, you absolutely need to have a skilled attorney in your corner. Without an attorney who has in-depth knowledge of the law, you put your future in jeopardy. Rahman Legal is proficient in helping clients get out of debt and move on with their lives. The bottom line is that if you are in a rough financial spot, your best bet is to turn to our firm so we can start fighting for the best outcome possible on your behalf. Give us a call today or reach out to us online to learn more about how we can assist you.

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