Kent & Wittner, P.S.

ROY W. KENT | BRETT L. WITTNER | KELLY M. WITTNER

Putting Lives on Track.

"Our top priority is to make each client feel valued and respected. We know that families in distress are under a lot of pressure. We also understand that we might not catch you at your best. Don’t worry. We keep a box of tissues always at the ready and are prepared to listen and work through any issue.Our goal is to make sure you leave with a smile on your face – even if you didn’t come in that way."

Debt Negotiation

Due to a wide variety of life circumstances, you may feel overcome by debt but wish to avoid or do not qualify for bankruptcy. Having too much debt can place a heavy burden on your life and make each month stressful when it comes time to pay bills. Oftentimes, interest rates on credit cards, loans, and lines of credit can make it difficult or impossible to dig out from significant debt.

When Bankruptcy Is Not an Option

Sometimes, bankruptcy is not an option. Whether you have already filed, have legal reasons you do not qualify, or simply have personal reasons for not filing, our firm offers options to negotiate and lower your debt. By acting quickly, you can avoid unnecessary financial strain and limit the negative impact to your credit.

What Is Debt Negotiation?

Debt negotiation, or debt settlement, is a legal agreement between you and your creditors to reduce your overall debt or to waive fees and late charges. Your debt will be consolidated into one lump sum instead of installments. Creditors are often willing to negotiate your debt rather than to write it off due to bankruptcy. This way, they receive the majority of the money you owe instead of none.

Consequences to Your Creditworthiness

While not as devastating to your credit as a bankruptcy, debt negotiation can cause a drop in your credit score. Additionally, you may have tax responsibilities for the amount of money your debt is reduced. For debt reduction over $600, your creditors are required by law to report it to the IRS.

Recovering from debt settlement is faster than with bankruptcy. Once you repay your debt, you can rebuild your credit by making better decisions and making payments to your mortgage, loans, and credit cards on time.

Poor credit can affect your ability to obtain loans and credit cards, and it may even affect your employment eligibility. 

A Qualified Legal Team on Your Side

We can go over your case, contact your creditors, and provide you with valuable information that can help you make the best decision for your financial future. When you choose Kent and Wittner, P.S., you are choosing a dedicated team of attorneys who will go the extra mile to help you achieve the best possible outcome.

Our experience and personalized service allows us to help you achieve the financial freedom you need to live within your means without the stress of constant collection calls.

Call Us to Schedule a Consultation

If you want to learn more about debt negotiation as an alternative to bankruptcy, contact our Seattle or Tacoma law office. When you work with us, you can count on a dedicated attorney to work with you on your case – not a paralegal or other employee. After all, your financial future is important!