What is a debt negotiation attorney?

A debt negotiation attorney is a lawyer that specializes in negotiating with creditors on behalf of consumers in order to resolve debts. These attorneys are knowledgeable in various areas of the law, and they are able to work with creditors to reach an agreement that is beneficial to both sides. In California, debt negotiation attorneys are often used to help people in financial hardship get back on their feet by negotiating a lower interest rate or elimination of fees. They may also assist with the repayment of debt by working out a payment plan that is affordable for the consumer. Debt negotiation attorneys will typically review the consumer’s credit history to assess the best options for settlement. They may reach out to creditors and negotiate for lower payments, reduced interest rates, or a lump sum to settle the debt. The attorney will keep the consumer updated throughout the negotiation process, and will typically draft a legally binding agreement to ensure that the creditor complies with the terms of the settlement. Debt negotiation attorneys in California are also familiar with Consumer Debt Defense Law and the different forms of consumer protection available to consumers. They may advise consumers on what options are available to protect their finances, and they may use their knowledge of the law to negotiate with creditors to reach a beneficial outcome. By working with a debt negotiation attorney, consumers can potentially save time, money, and stress.

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What is a debt negotiation attorney?

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