Bronx Reaffirmation Agreement Lawyer

Reaffirm Your Consumer Debt to Protect Your Credit Rating

If you have a home or car loan, you have consumer debt. If you have a lot of consumer debt, you may be at risk of bankruptcy. However, you do not have to let your debts lead you to bankruptcy. You can reaffirm your debt to protect your credit rating and avoid bankruptcy.

At the Law Offices of David Brodman, P.C., we can help you decide if reaffirming your debt is right for you. If so, we can help you draft a reaffirmation agreement that protects your interests.

Schedule an initial consultation with our Bronx reaffirmation agreement attorney by dialing (718) 354-8027 or contacting us online.

What Is Reaffirming Debt?

If you have a car or home loan, your lender may allow you to reaffirm your debt. Reaffirming your debt means that you agree to continue to make payments on your loan. You also agree to be personally responsible for the debt if the lender attempts to collect it.

Reaffirming debt is similar to paying off debt. You are paying off your debt and you are also paying interest on your debt, often at a higher rate than your original loan.

You can reaffirm your debt as many times as necessary. If you have several loans, you can reaffirm each of them. However, you cannot reaffirm secured debt more than once.

Consumers cannot reaffirm tax debt, student loans, or secured loans.

Why Would Someone Reaffirm Debt?

Reaffirming your debt is not for everyone. However, reaffirming your debt can be beneficial if you want to avoid bankruptcy or protect your credit rating.

Benefits of Reaffirming Debt

Reaffirming debt can help you avoid bankruptcy if you are struggling to pay your bills. If you reaffirm your debt, you can continue to make payments on your loan and avoid bankruptcy. You can also reaffirm your loan to protect your credit rating. If you reaffirm your debt, your bankruptcy will not appear on your credit report.

Reaffirming debt can also help you if you are trying to sell your home or car. If you reaffirm your loan, you can sell your home or car and pay off the loan. You can then use the money to pay off other debts. Reaffirming debt can be a useful tool if you want to avoid bankruptcy and pay off your debt.

Why Choose Our Bronx Reaffirmation Agreement Attorney?

Reaffirming debt can be a useful tool if you want to avoid bankruptcy. However, you should never reaffirm debt without first consulting with an experienced bankruptcy attorney.

At the Law Offices of David Brodman, P.C., we have helped thousands of people reaffirm their debt and avoid bankruptcy. Our Bronx bankruptcy attorney can help you decide if reaffirming your debt is right for you. If so, we can help you draft a reaffirmation agreement that protects your interests.

Call (718) 354-8027 or contact us online to schedule a consultation with our Bronx bankruptcy attorney.