Millions of hard working people suffer from debt problems. Harassing phone calls from debt collectors may leave you feeling overwhelmed and powerless. Financial hardships can restrict your ability to pay debts timely, meet family needs, and seek legal assistance. You may feel helpless to fight debt collectors pressing you for payment or threatening to seize your home, car, or other possessions.
The Johnson Law Group can be your first line of defense against the onslaught of creditor's high interest rates and late and over limit fees. Even though the whole situation can be discouraging and embarrassing, it is important to remember that our firm is in business to assist you with your financial burdens.
The Johnson Law Group can help you make the best choices possible despite difficult financial circumstances. More importantly, we will make sure that your rights as a consumer are protected. Many state and federal laws are designed to help people facing financial problems.
Most people in financial distress will first want to deal with the worst symptoms of a deteriorating financial situation. However, you should not make a decision based upon what a debt collector tells you.
When your financial condition is such that you cannot meet your monthly payment requirements, The Johnson Law Group is here to develop a long-term strategy to deal with your debt problems. This strategy involves figuring out those debts that you need to repay, and understanding the likely consequences if you cannot pay certain debts.
The first discipline that you need to learn is keeping a log of your income and expenses.
The second discipline is determining the priority of your debt(s). Debts with collateral are top priority. These include mortgages, rent, car loans, and loans secured by household goods. Debts without collateral are low priority debts. These include credit cards, charge cards, medical bills, gasoline cards and payday loans.
The third discipline involves identifying those debts that should be paid first. Please contact our office and we will discuss the third discipline in detail.
You may choose to retain The Johnson Law Group, because you can no longer afford the required payments to your creditors each month. The objective is to achieve a settlement on the balances owed to your creditors. Additionally, creditors may accept settlement offers. There are inherent risks with not making payments to your creditors. Some of these risks include: (1) late fees, penalties, and interest will continue to accrue on the consumers debt until the creditors accept and receive a settlement; (2) a creditor(s) may still sue to collect on the debts and garnish your wages; (3) interest rates applicable to the debt may increase; (4) any money saved in negotiating a settlement with a creditor must be treated as income for tax purposes; and (5) a debt settled for less than the full amount owed may result in a negative notation on your credit report.
The Johnson Law Group can help restore that personal settled feeling that comes from getting your financial circumstances back in order. Our law firm may be the first defense against personal bankruptcy or insolvency, and a great place to begin to restore sanity to financial concerns.
For more information or to schedule an appointment, please call 1-800-901-5691, fax us your information at 321-441-1617 or write to us at PO Box 162449 Altamonte Springs Florida 32716