The Advantages of Hiring a Payday Loan Attorney
Having a big mound of payday loan debt can be overburdening for anyone. Sometimes it may get to the point where it seems like nothing you can do is helping, so you have to look for other alternatives. Debt collectors aren’t going to stop calling, and the legal consequences won’t stop piling up. Hiring a payday loan attorney in Houston could be your best solution for mitigating your debts and getting back to having a normal life financially. Here are some of the main advantages of hiring a payday loan lawyer.
Put A Halt to Collection Calls
When a debt collector or lender knows you are represented by an attorney, they will more likely reduce the frequency of calls. And even when they do call, they will generally be much less threatening since they know your lawyer knows the rules and laws. Your payday loan attorney will step between you and the debt collectors to help you answer the calls in the right way when they do come.
Negotiation Assistance
Negotiation assistance is possibly the best advantage of working with a payday loan lawyer. Your lawyer will take a look at your entire financial situation, including your current income, to determine what amount of debts you can pay back. They will then work with the lenders until an agreement is reached, which usually means the amount of debt owed will be reduced significantly. The reduction of financial stress alone makes a payday loan attorney worth hiring.
Prevent An Expensive Lawsuit
A lender will sometimes file a lawsuit against you, which can be extremely costly if you don’t hire an attorney. The amount of attorney fees you have to pay for representation will sometimes end up being much lower than fighting your case on your own. Plus, a payday loan lawyer may even be able to convince the lender to reach a settlement outside of court so you won’t even have to go through the lawsuit proceedings.
A Payday Loan Attorney Knows The Law
Laws are constantly changing, and the attorney you hire will know all of them. Things like the statute of limitations, local laws and other procedures aren’t necessarily known by the average person, but an attorney can ensure you are being treated fairly.
Bryeans & Garcia, PLLC is a team of Texas bankruptcy lawyers who are ready to help you with your case. If you find yourself with a large amount of debt stemming from payday loans, you don’t have to fight off the debt collectors alone. Be sure to contact us at our Houston or Ft. Worth office and we would be happy to provide you with a free evaluation of your situation.