Unsecured Debt Resolution Can Give Ohio Debtors Peace Of Mind

Bankruptcy Attorney Dayton, Oh

What is unsecured debt? This type of debt does not involve any security or collateral, and includes things like credit card debt, medical bill debt, and personal loans without any security behind them. Typically unsecured debt is not reported to credit agencies for six months after a payment is missed. Once a payment is missed though you should not ignore this fact and fast action should be taken to resolve the situation before your account is sent to collections. Once your account is turned over for collection activity then you could face wage garnishments and other collection activities.


Bankruptcy is one option for resolving your unsecured debt if you are facing financial difficulties, but this may not be the best option in every case. If your money problems are just a short term issue then you may be better off contacting the lender and trying to set up a payment plan to avoid collections. In some cases you may be able to arrange for one or two payments to be skipped completely if you have always paid on time and are considered a valued customer. Some lenders may not offer this option though.


Before determining the right debt resolution methods in your case you should speak with an experienced debt relief attorney. If bankruptcy is the right choice then you will need to determine whether you are eligible for Chapter 7 or Chapter 13, and an experienced lawyer can help you decide this. Bankruptcy places an automatic stay on all collection activities until the case is resolved, so your creditors can not garnish your wages, take money from your bank accounts, or seize property without approval from the bankruptcy court. You can get out from under debt that seems crushing, there are solutions that can help you get your finances back on track.


If you have financial problems that are long term, and it seems like your debt will never end we can help. We are specialists in Ohio debt relief. The bankruptcy attorneys at Richard West Law can provide a free debt consolidation consultation to help you find the right answer for your unique debt problems and circumstances. You do not have to fear every time you answer your phone or check your mail, there is help available. Visit https://www.debtfreeohio.com or call (513)771-8700 or (937)748-1749 to get the answers you want, and the financial relief you are looking for.

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