Negotiating with Creditors

An effective negotiation strategy shows creditors that a genuine hardship prevented you from paying your debts. Before creditors accept an offer, they want to be sure that you honestly cannot make your payments. They don’t want to forgive part of your debt if you can afford to pay the balance in full.

The settlement offer will depend on your financial outlook. I have extensive experience representing clients in bankruptcy court and negotiating settlements with credit card companies and lenders. My goal is to work one-on-one with you to understand your finances and use my experience to determine what offer creditors will accept.

Debt Settlement Basics

When handled properly, debt settlement can have less of an impact than bankruptcy while allowing you to recover faster if you can make the required payments. This option lets you reduce the amount that you owe without liquidating your possessions.

Debt settlement companies want to sell you something and make a quick profit on your misfortune. My job is to help you. I will review all of the possible solutions to see if debt settlement is the right choice. During a stressful time, you don’t need to be worrying about your money and your decisions regarding debt relief.

If you’re struggling with credit card debt and unpaid medical bills, debt settlement is one alternative to consider. I have worked with clients in Oklahoma City for the past 25 years. My goal is assess your finances, provide practical advice and help you find the best solution for your situation. Call Gary Hammond of Mitchell & Hammond at 405-216-0007 to schedule a free consultation.

how-do-i-start

Schedule your consultation TODAY.

  • This field is for validation purposes and should be left unchanged.

Latest Articles

Toys R Us files bankruptcy

Toys R Us filed for chapter 11 bankruptcy protection on Monday. The retailer has $4.9 billion in debt, $400 million of which has interest payments due in 2018 and $1.7 billion of which is due in...

Read More...

Footwear maker Aerosoles files for bankruptcy

Women's shoe chain Aerosoles filed for Chapter 11 bankruptcy protection on Friday. Aerosoles will close most of its stores and focus on its wholesale, e-commerce and international businesses. Aerosoles said it will close 95 percent of...

Read More...

Seadrill files for Chapter 11 bankruptcy

Offshore drilling services provider Seadrill Ltd said on Tuesday it had filed for Chapter 11 bankruptcy and entered into a restructuring agreement with bank lenders, bondholders and a consortium of investors. Seadrill Ltd, is controlled by Norwegian...

Read More...

50 Cent sues business managers for botching his bankruptcy

Curtis Jackson a/k/a "50 Cent" is suing his business managers for allegedly botching his bankruptcy. According to 50 Cent, his business managers cost him an extra $200,000 in taxes and illegally helped themselves to $90,000...

Read More...
Reader's Choice 2017 award