Credit companies want to keep you in debt for as long as possible. The longer you stay in debt, the more money they make. When you are trying to pay off your credit cards and other unsecured debts, even making the minimum monthly payment can feel overwhelming. These firms are happy to give access to credit at their high rates of interest. Still, when you miss a payment, their attitude quickly changes, and the harassment begins.
You do not need to continue in these difficult circumstances. With Royal Legal Group on your side, the harassment can be stopped, and the journey to financial freedom can begin.
What Is Debt Resolution?
Debt resolution is an alternative to other forms of debt relief such as Bankruptcy. It allows a person to pay a lump sum typically less than they owe to resolve or settle a debt. Skilled debt negotiators can reduce an individual’s debt by negotiating a settlement with their creditors and are often able to come to agreements for much less than the original amount owed.
While the concept sounds simple, it takes a lot of work and experience to know what debts can be settled and how to negotiate settlement offers in your favor.
How does Debt Resolution Work?
To successfully settle your debts, you will work with Royal Legal Group by making monthly deposits into a savings account. These deposits are usually at a lower monthly payment than your minimum payments to creditors had been. The money you save is then used to pay for negotiated settlements with your creditors. The creditors know we are serious and aggressively fight for our clients, so they have a solid incentive to agree on significant savings.
While building your settlement account balance, we will monitor your progress and work with creditors to reach a settlement. Once a settlement is reached, we pay off the lower debt amount from your account balance, and you will be closer to living a debt-free life.
About Royal Legal Group
Our firm regularly helps people like you become debt-free. As a leading debt relief firm, we know how to get results while providing the personal service you deserve. To find out how we can help with your financial situation, contact us now to schedule a complimentary consultation.