Debt Settlement Attorneys in Long Island, NY
Aggressively Helping Injured Victims Cancel or Relieve Debt Throughout New York
Debt is challenging no matter the source, though medical and credit card debt both may come as a result of unforeseen personal injury accidents. It can be very difficult for injured victims to get the debt relief they need without filing bankruptcy or arranging debt settlement and negotiation methods. At The Law Office of Gregory A. Goodman, P.C., we focus on helping victims of debt who also suffered a personal injury collect compensation and take the steps to eliminate or dramatically relieve their debt when the responsible party or the insurance company will not fully and fairly pay your claim.
Our top attorney, Gregory A. Goodman, will tackle aggressively helping you manage that debt.
For years, The Law Office of Gregory A. Goodman, P.C. has been assisting individuals in New York with collections cases. Discuss your debt settlement with our Long Island attorneys by calling (800) 242-3740 or completing our online form to secure a free consultation.
How Our Firm Can Help You with Your Debt
If you are faced with mounting expenses after a personal injury, you are likely also grappling with how to settle and pay for those expenses as you may have lost the required and needed income to make the regular payments and keep up with all your financial and debt obligations. Our Long Island debt settlement attorneys can help them to work with your existing—current under the quickly-changing circumstances—and emerging plan to manage, relieve and/or eliminate debt. We do this using a multitude of different strategies and tools, customized to cater to your unique and specific needs and circumstances.
Your possible options for debt settlement include:
- Debt consolidation
- Debt management plans
- Filing for bankruptcy
- Credit counseling
What Types of Debt Can Be Settled in Long Island, NY?
Various types of debt can be settled through negotiation with creditors. Commonly settled debts include credit card debt, personal loans, medical bills, and certain unsecured debts. These debts are often prime candidates for settlement because creditors may prefer to recover a portion of the outstanding balance rather than risk receiving nothing if you are unable to pay.
However, not all debts can be settled. Secured debts, such as mortgages or car loans, are backed by collateral and typically cannot be settled without the risk of losing the asset. Additionally, certain obligations like student loans, tax debts, child support, and alimony are generally not eligible for settlement, as they are considered priority debts under the law.
If you're struggling with overwhelming debt, working with a skilled debt settlement attorney can help you understand which of your debts may qualify for settlement and guide you through the process. Our law firm in Long Island can negotiate with your creditors to potentially reduce your outstanding balances, helping you regain financial control.
Can Debt Settlement Affect My Credit Score?
Yes, debt settlement can affect your credit score. When you settle a debt, you agree to pay less than the full amount you owe. While this can help reduce your debt, it may negatively impact your credit score. Settled debts are typically reported to credit bureaus as "settled for less than the full amount" or "settled," which can lower your credit score.
During the debt settlement process, you may also fall behind on payments as negotiations take place, further affecting your score. However, the impact on your credit score may be temporary, and for individuals struggling with large amounts of debt, the long-term benefits of settling the debt and achieving financial stability can outweigh the short-term credit damage.
Taking Action to Achieve Your Debt Relief
At The Law Office of Gregory A. Goodman, P.C., we understand the challenges that come with overwhelming debt and are here to guide you through the debt settlement process. With over 20 years of experience and more than 10,000 successful cases, our team has the expertise to help you regain control of your financial future. We take a personalized approach to every case, tailoring our legal strategies to your unique circumstances. Whether you're seeking to settle credit card debt, medical bills, or personal loans, our dedicated attorneys will work tirelessly on your behalf. Contact us for a free consultation and let us help you explore your options for debt relief.
Do not hesitate to speak with a qualified debt settlement lawyer in Long Island from The Law Office of Gregory A. Goodman, P.C.. Complete our online form or call (800) 242-3740 to set up your free consultation.
