How long does it take to complete the debt relief law process?
The amount of time it takes to complete the debt relief law process in Texas depends on a few factors. The first factor is the type of debt relief being sought. For example, a consumer typically needs to gather evidence and dispute the validity of the debt to acquire debt relief through a debt validation process. This process could take anywhere from a few weeks to several months. The second factor that can affect the time it takes to complete a debt relief law process is the complexity of the debtor’s situation. If the debtor has multiple creditors and numerous accounts, the process can take longer than if the debtor has fewer accounts and creditors. The third factor is the type of debt relief being pursued. If the debtor is pursuing a bankruptcy process, then the process can take several months, or even longer. The same holds true if the debtor is seeking to negotiate a settlement with creditors. Finally, the debt relief law process can take longer if the debtor is unable to make payments on any accounts while the process is ongoing. To ensure the process is completed as quickly as possible, debtors should make every effort to remain current on any payments while the debt relief law process is ongoing.
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