Debt Resolution: your debt crisis evolves into a court case or collection matter, you should consider what options are available for you to resolve your debt.
The first, and perhaps most obvious, option is to increase income in order to pay the debt. Many consumers obtain additional employment, or consider selling personal property in order to obtain more money.
Another avenue to explore is financing. Sometimes refinancing assets such as a home or a car can give the consumer the relief they need for Debt Resolution. However, this avenue should be carefully considered because ultimately it it can result in additional debt to the consumer.
If additional income and financing or not viable options then you should consider reaching out to the creditor and see what options they offer, if any. While these options are specific to the company and type of debt, some common examples or deferred payments, deferred interest and payment plans contingent on an account being closed out.
If you need advice on resolving debt please reach out to The Law Office of Michael E. Houghton today so that we can tell you how we can help you to get out from under your debt crisis.