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What is debt negotiation?

| Jun 12, 2014 | Debt Management |

Debt negotiation is a popular option for Wisconsin residents who are facing debts that they can’t afford to pay back. Ultimately, this process involves negotiating with a creditor to lower a debt amount.

While it is possible to negotiate down a debt without the help of a lawyer, it’s not the recommended approach. That’s because the process is actually more complex than most people realize, and having an attorney on your side can maximize the amount of debt you are able to get rid of.

Another trap to avoid is hiring a debt relief company that makes empty promises and ends up costing you a fortune. Some of these companies guarantee huge debt reductions but then charge massive service and representation fees that can make your debt problem even worse.

Unlike these companies, bankruptcy lawyers are regulated by the state bar and are not permitted to engage is this type of shady or fraudulent behavior. Our firm has been assisting Wisconsin residents in debt negotiations for many years, and we treat each of our clients with the respect they deserve.

Wisconsin residents who cannot afford to pay their monthly bills but don’t want to go through bankruptcy or credit counseling may find that debt negotiation is the best option.

With our help, our past clients have end up having to pay as little as 10 to 20 percent of their existing debt, resulting in a huge weight lifted off of their shoulders.

To find out more about our debt negotiation services, please visit our Milwaukee Debt Negotiation Lawyers page.

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