Debt Settlement Plans

Experienced Debt Relief Agency in Kansas

Debt settlement plans and debt consolidation loans are good options for some who are in debt, however each individual should consider each options and the pros and cons of each in order to come to the best decision. If you are considering a bankruptcy to solve your debts--it may be the most appropriate decision depending on the amount of debt.

With that said, a debt settlement works where your creditors may be willing to negotiate a percentage of your debt payments down to help you meet your payment obligations. They usually will work with you direct and it is not necessary to hire an attorney or some company to do this for you. Hiring another to do a debt settlement plan usually requires creating a special savings account and adding your money to that account where a lump sum is later given to the creditor.

If you hire another to negotiate your debt payments for you, you will be paying a fee to them along with your creditors. Even after you have paid or negotiated your debt payments yourself, you still need to be able to make the monthly payments in this new arrangement. Failure to do so puts you back to square one again, while having more time and money to remain in this bad financial situation.

Contact Our Office

Contact the Law Office of Paul D. Post now for a Free Debt Analysis Consultation or call us at 785-273-1353 in Topeka or 800-347-1353. We understand that you have been working hard to meet your financial obligations. If you are considering a bankruptcy or looking for answers to solve your debt problem, we can help you with all your questions and concerns.

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