There are several alternatives to bankruptcy. This includes foreclosure defense, mortgage modification, debt negotiation, and debt consolidation. We are committed to providing you with the best solution possible.
Two great alternatives to bankruptcy are mortgage modification and debt consolidation. Mortgage modification is when the original terms of a mortgage are changed. They are modified outside the original terms of the agreement. There are several types of modification. This includes reduction in principal, reduction in interest rate, and lengthening of the loan term.
Debt Negotiation is when we work with creditors to negotiate better interest rates and better payment terms. Debt Consolidation is a form of debt refinancing. The process entails taking out one loan to pay off other loans. The process can lead to an overall lower interest rate.
Steadman Law Firm, P. A. provides a variety of bankruptcy alternatives for Summerville, Charleston & Mount Pleasant, SC. Please call us for foreclosure defense, mortgage modification, debt negotiation and debt consolidation.