Valencia Debt Relief Lawyer

Debt Relief Methods

Many methods of debt relief are available to those who are no longer able to meet their financial responsibilities, due to loss of a job, reduction in income, serious illness, or other unfortunate circumstance. While bankruptcy is the primary method of releasing one from substantial debt, there are other options for individuals who would like to avoid the credit impact that bankruptcy can have.

These include:

• Debt negotiation - In the event that one is unable to afford the payments attendant to a certain debt, they can negotiate with their creditor for more favorable terms, including a lowered interest rate, waiving of penalties and fees, or a longer period of time in which to pay off the debt, thereby lowering the payments.
• Debt settlement - Many creditors are willing to settle a debt for pennies on the dollar, as an alternative to legal action or receiving no payment at all. In some cases, debtors can settle a debt for as low as 25% of the original amount.
• Debt consolidation - Debt consolidation companies work on behalf of debtors by accepting a monthly payment from them, and then splitting up the payment to their various creditors. In theory, this provides the debtor with a more easily manageable way to pay their debts.

RJB Law Offices is available to provide individuals throughout the Valencia area with a multitude of debt relief services, including debt settlement and loan modification. We have helped thousands of individuals in our years of practice, with service that is customized to each client's specific financial situation. Contact a Valencia debt settlement attorney at our firm today, and we will find a debt relief method that is optimized to help you achieve your goal of a debt free life.

The Importance of Hiring an Attorney

Many companies offering debt relief or debt consolidation services are only interested in making money, and do not operate in the best interests of their clients. In some cases, they can even make things worse. If you are seeking an effective means for ridding yourself of debt, it is advised that you hire a qualified attorney who will work for you with your financial goals in mind.