Debt Relief Attorney
DEBT RELIEF LAWYER IN SOUTH CAROLINA
Debt relief is defined as partial or total elimination of debts. It is the solution for a wide number of issues which can arise when a person is no longer able to pay his debts as agreed.
Types of Debt Relief
Debt settlement – Debt settlement companies are also known as debt negotiation companies because they negotiate with your creditors on your behalf. Their goal is to use negotiation tactics to convince your creditors to settle out your debts for fraction of the original balances. Creditors frequently settle older debts.
Credit Counseling – This type of debt relief allows a credit counseling agency to negotiate with your creditors. The most common action of a credit counseling company is to negotiate to lower the interest rates on your credit cards in order to help you pay them off faster.
Bankruptcy – Bankruptcy allows you to eliminate or restructure your debt. Chapter 7 bankruptcy generally discharges most debts, while Chapter 13 bankruptcy includes a repayment plan for included debts.
How Can Debt Relief Help My Situation?
In the modern world we accumulate loans to purchase cars, to buy homes, and go to college. While there is nothing inherently wrong with any of these kinds of loans, too much debt can cause you to default on some of your obligations if your income takes an unexpected drop. For example, if your hours are cut at work, or if you lose your job, your financial situation could change drastically and leave you unable to service all of your debt payments. If you are in a situation where you cannot successfully manage your debt you may need some type of debt relief. Call the South Carolina debt relief attorney at the Stone Law Firm to learn about your options.
When you hire Stone Law Firm, you can rest easy knowing that the counsel you receive is backed by over 20 years of experience. Every debt relief case we take is examined with care and great attention to detail, and we help clients find the solution that works best for their specific situation.
We serve clients all over South Carolina with office locations in Columbia, Florence, and Greenville. If you are looking for an experienced debt relief attorney, contact us today to learn how we can help. Call (803) 389-0408 or request an appointment using our online form.
Do I Need An Attorney To File Bankruptcy?
If you’re facing bankruptcy, it goes without saying that funds are tight, so you may be wondering if hiring a bankruptcy attorney to represent you