The Lump Sum Repayment Plan
Financial struggle and uncertainty is a hurdle almost everyone has to overcome at least once in his or her life. When you can no longer pay your monthly bills, you may be able to pay off your debt by filing for bankruptcy. There are a number of different repayment plans available for debtors going through bankruptcy. One option is a lump sum repayment plan that lets debtors pay off his or her debts more quickly than other repayment plan options.
When you are struggling to pay your monthly bills, the stress can impact every part of your life. We understand this and, at the Bradford Law Offices, P LLC, our Raleigh bankruptcy lawyers are dedicated to helping you get your finances in order. To talk about your options and if a lump sum repayment plan is right for you, contact us today at 919-758-8879 and get started on your case.
Advantages of Lump Sum Repayment
A lump sum repayment plan is not for everyone, but it can give some debtors the option of paying off their debt in a shorter amount of time. Some advantages of the lump sum repayment plan include the following:
- Potentially lower interest rates throughout the repayment process
- Can increase debtor’s credit score
- Pay debt off in a shorter amount of time
- Fewer payments
If you want to pursue debt negotiation and a potential lump sum repayment plan, you should consult with a skilled legal representative before making any decisions.
At the Bradford Law Offices, PLLC, our attorneys are experienced in handling these types of cases. To learn more about pursuing a lump sum repayment plan, contact a Raleigh bankruptcy attorney today at 919-758-8879 and schedule a free consultation.