As debts increase, more people are opting to use debt negotiation rather than bankruptcy. It is important to appreciate the difference between the two
Debt negotiation has the potential to get you out of a foreclosure in a hurry
If they sue you for any reason, it will take a long time to resolve issues. Debt negotiation is an attractive alternative for many creditors but needs to be approached professionally. If they take you to the US federal court and move through the foreclosure process, they’re going to have to wait a tremendous amount of time to get repaid, and the odds are fantastic that they’ll end up settling for far less than they would have otherwise. Debt negotiation is a very attractive alternative for most creditors and lenders out there, but it needs to be approached in the right way.
If you’re interested in learning more, contact the offices of Blutter & Blutter today for a free consultation.