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  • Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
    --Donna
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
    --David
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
    --Anonymous
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
    --Anonymous
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
    --Joanna
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.
    --Danielle

What Is A Debt Settlement?

Debt settlement is a process where a debtor negotiates with a creditor to pay off a portion of their debt in exchange for the creditor forgiving the remaining balance. Debt settlement can be an attractive option for those who are struggling to keep up with their debt payments and who are facing financial hardship.

The debt settlement process typically involves the debtor hiring a debt settlement company to negotiate with their creditors on their behalf. The debt settlement company will work with the debtor to create a budget and develop a payment plan that they can afford. Once the payment plan has been agreed upon, the debt settlement company will negotiate with the debtor’s creditors to accept a partial payment as full satisfaction of the debt.

While debt settlement can be an effective way to reduce debt, it is not without its risks. Debt settlement can have a negative impact on a debtor's credit score, as creditors may report the debt as settled for less than the full amount owed. Additionally, debt settlement companies may charge high fees for their services, which can further strain a debtor’s finances. It is important for  anyone considering debt settlement to thoroughly research their options and carefully weigh the pros and cons. Debt settlement may not be the best option for everyone, and there may be other  debt relief strategies that are more appropriate for a particular situation.

One alternative to debt settlement is debt consolidation, which involves combining multiple debts into a single loan with a lower interest rate. Debt consolidation can help simplify debt repayment  and reduce the total amount of interest paid over time. Another option is credit counseling, which involves working with a non-profit organization to create a budget and develop a plan to repay  debts.

In summary, debt settlement is a process where a debtor negotiates with their creditors to pay off a portion of their debt in exchange for the creditor forgiving the remaining balance. While debt settlement can be an effective way to reduce debt, it is important to carefully consider the potential risks and drawbacks before pursuing this option. Other debt relief strategies, such as debt consolidation and credit counseling, may be more appropriate for some individuals. Feel free to reach out to your Modesto bankruptcy attorney at 209-438-4990

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