What happens if I choose to not use debt relief law?
If you choose not to use debt relief law in California, you will be responsible for repaying any loans or credit card debt that you have accumulated. This means that you will be responsible for making payments on your own without any help from a third party. Depending on your level of debt, this can be a challenging task. If you choose not to pursue debt relief and cannot make payments on your own, your debt could be sent to a collection agency and your credit score could be impacted negatively. In addition, if you have not made payments on your loans or debt for an extended period of time, your creditors may take legal action against you, such as filing a lawsuit. If this happens, you may be ordered to pay back the debt plus additional fees and interest. If you are unable to pay back the debt, your assets, such as your car or home, may be repossessed. Debt relief law can provide you with assistance and help you to become debt-free in the most efficient and responsible way possible. By working with a debt relief provider, you will be able to come to an agreement with your creditors that eliminates some or all of your debt, without having to face the consequences of a lawsuit or garnishment.
Related FAQs
Can debt relief law help with student loans?What should I do if a collection agency continues to contact me after I have begun the debt relief law process?
Are there any risks associated with debt relief law?
Are there any consequences to using debt relief law?
Are there any restrictions on how much debt relief law can help me with?
What should I do if a debt relief law firm is pressuring me to sign up?
What do I need to do to make sure I get the most out of debt relief law?
How much time will I have to make payments when using debt relief law?
Is debt relief law a better option than bankruptcy?
Who should I contact if I have questions about debt relief law?
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