REPAYMENT PLAN

If a borrower / debtor falls behind on the payments that they are obligated to make to the lender / creditor the debt becomes past due.  If the borrower / debtor eventually has the ability to resume making payments – but cannot afford to pay the entire past due balance at one time – they may be eligible to enter into a repayment plan with their lender / creditor.  A repayment plan would enable the borrower / debtor to bring their account current by making a series of increased payments over a negotiated period of time.  This would prevent their account from falling further in arrears while simultaneously reducing the past due balance.  It may be possible to negotiate with the lender  / creditor to reduce or eliminate some or all of the additional fees that are added to the borrower / debtor’s account after the default occurred.  This will make it easier for the borrower / debtor to bring their past due account current.  If you are a borrower / debtor that has one or more accounts that are past due and you are interested in bringing them current with your lender / creditor then please call Brian M. Rokaw, P.A. to schedule a no obligation consultation – (305) 722-5888.