Do You Need A Chicago Debt Negotiation Lawyer?

Relax. You’re not alone if you are struggling with overwhelming debt in the Chicago area. Almost no one is entirely debt-free, and the average American household with at least one credit card has $15,611 in credit-card debt. As of December, 2014, these are the average and total debt statistics for consumers in the U.S.:

– average credit card debt: $15,611; total credit card debt; $882.6 billion
– average mortgage debt: $155,192; total mortgage debt: $8.14 trillion
– average student loan debt: $32,264; total student loan debt: $1.13 trillion

A credit card company can’t take your house or your car, but if credit card debt is taking over your life, you can negotiate with credit card companies to reduce the amount that you owe or to come up with a more practical payment plan. In the Chicago area, you’ll need to be represented by an experienced Chicago debt negotiation lawyer.

You should have an lawyer negotiate with credit card companies on your behalf for several very practical reasons. If you try it on your own, just getting started can be frustrating – you have to get through to someone who has the authority to negotiate with you. Then you’ll have to present the reasons you fell behind. Credit card companies may be more willing to work with and listen to your lawyer, and when you retain legal counsel, it shows creditors that you’re serious about resolving your debt problems.

An experienced Chicago debt negotiation lawyer knows a number of negotiating strategies and knows what it takes to get a credit card company to work with you. In those cases where, ultimately, your credit card debt cannot be negotiated, a debt negotiation lawyer can discuss your other options, including bankruptcy. Your debt problems can eventually be resolved, but first, you have to act. Contact an experienced Chicago debt negotiation lawyer as quickly as possible.