Reaffirmation Agreements in Richmond

Get Help Reaffirming Your Debt with Flores Law PLLC

Reaffirming your debt is a great way to protect your assets while you work to pay off your debt. If you are behind on your mortgage, car payments, or other debts, reaffirming your debt can help you keep your property and avoid foreclosure or repossession.

Reaffirming your debt does not automatically mean that you will be stuck with your current payments. Receiving creditor harassment or being threatened with foreclosure or repossession can be stressful. Contacting Flores Law PLLC can help you reaffirm your debt so you can rest easy knowing your assets are protected.

To discuss reaffirming your debt, contact Flores Law PLLC today. Call (804) 315-0810 and discuss your situation during a free phone consultation. Se habla español.

How to Reaffirm a Debt

To reaffirm a debt, you will need to sign a reaffirmation agreement with the creditor. This agreement states that you will remain liable for the debt, and you will need to make payments as agreed upon.

There are several types of reaffirmation agreements, including:

• Reaffirmation agreement: This is the most common type of reaffirmation agreement and is used when you are current on your debt and want to reaffirm your debt to protect your property.
• Reaffirmation agreement when behind: This type of agreement is used when you are not current on your debt and reaffirm your debt to protect your property. You will need to make up all missed payments plus interest, fees, and costs. You will also need to make your monthly payments on time as agreed upon to avoid default.
• Reaffirmation agreement when the creditor is harassing: This type of agreement is used when you are not current on your debt and the creditor is harassing you or threatening to repossess your property. You will need to make up all missed payments plus interest, fees, and costs. You will need to make your monthly payments on time as agreed upon to avoid default.
• Reaffirmation agreement when the creditor is not harassing: This type of agreement is used when you are not current on your debt and the creditor is not harassing you or threatening to repossess your property. You will need to make up all missed payments plus interest, fees, and costs. You will need to make your monthly payments on time as agreed upon to avoid default.

To reaffirm your debt, you must be current on your debt, behind on your debt, or being harassed by your creditor. If you think reaffirming your debt is right for you, contact Flores Law PLLC to discuss your situation.

Reaffirmation Agreement Requirements

In order to reaffirm your debt, you will need to meet certain requirements. You and your creditor will need to agree to the terms of your reaffirmation agreement, and you will need to reaffirm all of your debt.

You must also:

• Be over 18 years old
• Not be bankrupt
• Not have filed for bankruptcy in the last 8 years
• Have enough income to pay your living expenses and debt payments
• Have enough assets to pay your living expenses and debt payments
• Not have filed for bankruptcy in the last 180 days

If you have questions about reaffirming your debt, contact Flores Law PLLC. Our bankruptcy lawyers in Richmond can help you reaffirm your debt so you can protect your property.

Benefits of Reaffirming Debt

Reaffirming your debt can be beneficial for several reasons. When you reaffirm your debt, you can protect your property from foreclosure or repossession so you can continue to make payments on time. This is especially important if you are current on your debt and want to avoid any creditor harassment.

Reaffirming your debt can also help you save on interest and fees, as you can negotiate with your creditor to make monthly payments more affordable. When you reaffirm your debt, you can also work to pay off your debt so you can get out of debt.

Contact Flores Law PLLC Today

If you are considering reaffirming your debt, you will need to speak with an experienced bankruptcy attorney in Richmond.

To discuss reaffirming your debt, contact Flores Law PLLC today. Call (804) 315-0810 and discuss your situation during a free phone consultation. Se habla español.