Consumer and Business Loan Workouts in Philadelphia

Two businessmen's arms shaking hands over a desk | Consumer and Business Loan Workouts | Alfred Abel Law Offices

Many people, consumers and business owners in Philadelphia rely on credit cards to make everyday purchases and to finance large purchases. At times, credit card debt can become overwhelming, leaving you unable to make minimum payments. Your interest rates rise and late fees are charged. If you are in this situation, you have options and resources for consumer and business loan workouts.

Alfred Abel Law Offices has helped consumers and businesses in Philadelphia find debt relief for over 35 years. We understand that bankruptcy is not right for everyone, and that is why we frequently help our clients negotiate consumer and business loan modifications and workouts in Philadelphia. These alternatives to bankruptcy can allow you to get out from under your debt without going through a complex court proceeding. When you come to our law firm, one of our lawyers will analyze your finances and provide legal advice to help you decide if a workout is right for you.

To arrange a consultation, call 215-517-8300 or 610-940-1635. You can also contact our law firm online. We serve clients in Philadelphia, Montgomery County and across eastern Pennsylvania, and we handle out-of-state claims as well.

A Non-Bankruptcy Solution to Debt Problems

For those suffering temporary financial problems due to divorce, job loss or unexpected medical expense, negotiating directly with a creditor is sometimes the best option. We assist our clients in these negotiations to make sure that any eventual deal is fair and protects his or her rights.

Loan workouts and settlements are available to both consumers and businesses in certain circumstances. Many creditors, especially in today’s economic climate, are willing to work with you. They may accept a lump sum payment that is less than the full amount owed, for example. Or, they may agree to reduce your interest rate to make your overall debt more manageable.

Before filing for Chapter 13 or Chapter 7 bankruptcy, make sure you know your options. You may be able to get your finances back in order without taking that drastic step.

Contact a Philadelphia Business and Consumer Loan Workout Attorney Today

To schedule a consultation, call 215.517.8300 or 610.940.1635. You can also contact our law firm online with any questions you may have.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.