What should I do if I cannot make the payments required by debt relief law?
If you are struggling to make the payments required by debt relief law in California, you should contact the lender or creditor as soon as possible. Many lenders and creditors are willing to work with you to modify your repayment plan or make other changes to help you get back on track. You can also look into refinancing or consolidating your debt as a way to help lower your monthly payments. In addition, there are debtor assistance programs available in California that can help you. These programs, usually provided by nonprofit organizations or government agencies, can help by providing financial counseling and advice, negotiating with creditors, and helping you develop a repayment plan. If you are unable to make the payments required by debt relief law, you should also consider hiring a lawyer. A lawyer can provide you with legal advice and assistance in dealing with creditors. They can also help you negotiate alternative repayment plans and help you determine if filing for bankruptcy may be the best option for you. Finally, it is important to remember that it is possible to have the debt relief law revoked in certain cases. To avoid this from happening, it is important to make payments on time and stay current with your payments. If you are unable to make payments, contact your lender or creditor to discuss other payment options.
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