Lawyers

  Can I Negotiate My Bills Down? If your debts are becoming overwhelming, but you don’t want to declare bankruptcy, there is another way to get your bills under control – debt negotiation. If you live in New York, debt negotiation may be the best way to get your unpaid bills taken care of. The following type of debt can be usually negotiated down: Credit card bills Tax debt Student loans Business debt Medical debt Why Choose Debt Negotiation? There are a number of reasons why you should choose debt negotiation over bankruptcy: You’re worried about your credit score – Both bankruptcy and debt negotiation will be noted on your credit report and will damage your credit rating. However, some creditors may be convinced to report your negotiated settlement as “paid as agreed” which would not negatively impact your credit score. You make more than the median income in your neighbourhood – Certain bankruptcy proceedings only work if your income is at a particu...