Debt Consolidation vs. Debt Settlement in Los Angeles

Which is the best solution for you or your company?

Two alternatives to bankruptcy are debt consolidation and debt settlement. Debt consolidation results in all of your debts being combined into just one debt. The advantages for you are: one monthly payment, instead of the many you may have now; a lower payment; and, usually a lower interest payment. It can be an excellent option. Properly done, debt consolidation may not negatively affect your credit rating.

Debt settlement is an option when debt consolidation will not get you the relief you need. If your debts are at a level that consolidation would still not enable you to make the monthly payment, then debt settlement may be the right choice. In this option, we negotiate with your creditors for you and bring about an agreed-upon reduction in your debt. Your circumstances may be such that creditors would be willing to do this and we know how to negotiate with them and fight for your interests. Often debt consolidation can be combined with debt settlement to bring complete resolution to your debt and give you the best of both. As a Los Angeles bankruptcy attorney, Mr. Matthews can guide you through the process of determining the best solutions for your individual situation.

Bankruptcy Lawyer vs. Debt Relief Organizations

Clients often ask why they should choose a lawyer over the many debt relief organizations sprouting up. It's an important question. Unfortunately, debt resolution has become a rapidly growing industry and it is a very new industry. There is no specific regulating body, no set of rules and no certification procedure for debt counselors. Not all debt counselors have the knowledge and expertise required to safely guide you through the complex process of financial recovery. For 22 years, the Matthews Law Firm has been helping individual and corporate clients understand the process, navigate through the various options, choose the best option for their circumstances and then negotiate and fight for the best possible solution. Our firm is an established Los Angeles law firm that you can trust, with strong community ties and a real, personal concern for you and your financial future.

Contact a bankruptcy attorney in Los Angeles today, for quality legal assistance in determining the best solutions for you.