Debt ArbitrationIf you are a south Florida resident who feels like there is no escape from your overwhelming debt and creditor harassment, do not give up hope: there is help, there are answers available. Miami bankruptcy attorney Michael C. Compo is on your side, ready to go to work for you; all you need to do is contact him and get the process started.
How Debt Negotiation, Debt Arbitration, and Debt Settlement WorkYou may have heard the terms "Debt Negotiation," "Debt Arbitration," or "Debt Settlement," but do you know what is involved in the process? For some people, who do not want to file for bankruptcy or who do not qualify for bankruptcy protection, debt arbitration is a perfect answer to their indebtedness.
As a lawyer, Michael C. Compo will negotiate, on your behalf, with your creditors. He will work to lower your credit card interest rates and reduce your balances due. While many creditors may be wary or unwilling to work directly with consumers, the addition of having an expert attorney on your side can suddenly convince them to come to the table, willing to negotiate.
Debt arbitration, which is also called debt negotiation and debt settlement, involves negotiations with creditors, such as credit card and mortgage companies, to reduce your debt and arrange for a payment plan that will both decrease your debt and allow you to not be stuck with overwhelming bills each month. It will also end creditor harassment, like the repeated phone calls that you are likely receiving.
Once an agreed upon amount owed each creditor is reached, the debt settlement process is concluded. It is then up to you to strictly follow the payment plan that has been negotiated, making the payments in full and on time.
Why Choose Debt Arbitration?For people -- just like you -- who are thinking that they may have no option other than to file for Chapter 7 or Chapter 13 bankruptcy, debt arbitration may help lower the amount that they owe to creditors, allowing for the creation of a payment plan that is acceptable to all parties and which reduces the total amount owed the creditors. This will not only get you out of debt sooner, but it will help your credit rating, too, as you will not have a bankruptcy filing on your credit report.
Michael C. Compo is an experienced debt arbitrator and he will work on your behalf, negotiating with all of your creditors to have your debt and interest rates reduced and to create a payment plan that is acceptable to all concerned parties: both you and your creditors will need to agree on the debt reduction and payment plan before the arbitration is concluded.
If you are thinking about filing for bankruptcy, you would do well to first consult Michael C. Compo. It is possible that debt arbitration might be the fiscal answer that you are seeking.