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

What is the difference between debt relief law and debt negotiation?
Are there any additional costs involved in debt relief law?
Can I use debt relief law to get out of debt in a short period of time?
Are there any laws and regulations governing debt relief law?
How can I determine if debt relief law is the right option for me?
Are there any risks to using debt relief law?
Does debt relief law require any legal fees to be paid?
How long does it take to complete the debt relief law process?
How can I prevent my debt from becoming unmanageable?
What should I do if I cannot make the payments required by debt relief law?

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