Operating from its headquarters in Tampa, Florida, Cain & Daniels, Inc. specializes in resolving commercial business debts, including lawsuits, judgments, and past-due accounts. Unlike many competitors, the company does not charge a retainer or case setup fee, making its services more accessible to businesses in financial distress. The company’s mission is to reduce debt burdens swiftly—often settling cases within two to three weeks, and in some cases, as quickly as 24 to 48 hours. Additionally, Cain & Daniels, Inc. emphasizes its “No Settlement, No Fees” policy, ensuring clients are not charged unless an agreement is successfully reached.

Cain & Daniels, Inc. differentiates itself through a structured and strategic approach to debt restructuring, ensuring that businesses not only reduce their immediate financial obligations but also create a sustainable path forward. Its Business Debt Restructuring service follows a meticulous process, beginning with a thorough debt and financial assessment. The company’s experts analyze all outstanding debt instruments, financial statements, and cash flow projections to develop a clear understanding of the business’s financial standing.

Strategic planning is a key component of the restructuring process. Cain & Daniels, Inc. identifies high-cost debts and stringent financial conditions that may hinder business operations. Using scenario planning, the company models various restructuring strategies to determine the most effective course of action. A major focus is engagement with creditors and stakeholders, with the company taking the lead in negotiations. By mapping out all involved stakeholders and crafting transparent communication strategies, the team ensures that all parties involved understand the benefits of restructuring.

A crucial part of the company’s success is its advanced negotiation techniques. By demonstrating the advantages of restructuring—including a higher likelihood of debt recovery for creditors versus the risks of potential bankruptcy—Cain & Daniels, Inc. secures favorable terms for its clients. Negotiated solutions often include reduced interest rates, extended repayment terms, debt-for-equity swaps, and, when applicable, partial debt forgiveness.

Once agreements are finalized, Cain & Daniels, Inc. ensures that all contractual adjustments comply with relevant legal frameworks. The company provides ongoing support to businesses post-restructuring, helping them navigate their newly established financial structures. This includes implementation oversight, performance monitoring, and financial management workshops designed to equip business leaders with the tools needed to maintain long-term financial stability.

“Our goal is to provide businesses with financial relief and a path to sustainable growth,” said LJ Bryant, CEO of Cain & Daniels, Inc. “We understand that financial difficulties can be overwhelming, and we are committed to offering strategic solutions that allow businesses to regain control of their finances.”

Beyond debt settlement and restructuring, Cain & Daniels, Inc. offers comprehensive post-restructuring support. This includes regular review meetings to assess financial performance, as well as long-term strategic advice to help businesses avoid future financial distress. The company’s proactive approach ensures that clients receive not only immediate relief but also a sustainable framework for future success.

Cain & Daniels, Inc. serves businesses across the United States, offering tailored solutions that align with each client’s unique financial circumstances. While not a law firm and not providing legal services, the company’s expertise in negotiation and financial restructuring has made it a trusted partner for businesses seeking to resolve commercial debts efficiently. 

With its commitment to fast, effective, and ethical debt resolution, Cain & Daniels, Inc. continues to be a leader in the commercial debt settlement industry. Businesses facing financial challenges can rely on the company’s proven expertise and client-focused approach to achieve financial stability. 

For more information, visit Cain and Daniels, Inc. or follow them on Instagram and Facebook.

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Cain and Daniels has over 20 years experience settling debt out of court, which saves a great deal of time and money. We work directly with the creditor to reduce the amount of debt and make payments work for you to bring yourself out of debt and keep you business running. When you work with us you will obtain the details of your settlement before hiring us.

This means you will be comfortable agreeing to the terms and the amount and you can avoid all the complications, time and money that is involved with court hearings.

Hiring a lawyer can cost a couple thousand up front because most charge what is called a retainer fee. This holds them as your lawyer. Once the retainer is used up, which goes exceedingly fast you must then pay them more. Lawyers charge per hour and the hourly rate is never cheap. A defense lawyer can range anywhere from $150 per hour to upwards of $450 an hour.

From there you will have court filing fees, documentation fees and not to mention the absurd amount of hours you lost in personal or work time just to fill out paperwork, meet with lawyers, and be in and out of the courtroom to finally settle.

Rest assured that when you are working with Cain and Daniels you will stay out of court and get yourself back on track to being the successful, profitable business you’ve work so hard to achieve.

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The court can even go as far as putting a lien on your house or seizing assets to collect debt. In this case, you will be given a few days to complete a form with a list of your assets on it. If you own a house, a car, a boat and so on, they can use whatever you own to get their money. If the form is not filled out and submitted you could be held in contempt of court and a bench warrant could be issued for your arrest.

A creditor can also ask the court for interest to be paid on the sum of money owed. If you are already in over your head with debt, you most definitely do not want to add to it. The amount of interest is up to the court to decide. This can add a great deal of further financial burden.

At Cain and Daniels we step in before you ever see the inside of a courtroom. We are able to negotiate with creditors and help you to get back on track and making payments before any assets are compromised or any extra interests are added to your debt margin. You will know the terms of your agreement before you hire us, that way you will feel completely comfortable moving forward. Don’t let debt control you, get out ahead of it and get it settled with Cain and Daniels.

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The first step to getting out of debt is to fully understand the details of what you currently owe. Grab a pen and paper and make a list of all your debts, including:

• Credit cards – List out each card, the balance, interest rate, minimum payment, credit limit, etc.
• Personal loans – Include who the loan is through, original loan amount, current balance, interest rate, monthly payment, etc.
• Auto loans – Note the lender, loan balance, interest rate, monthly payment, and months left on the loan.
• Mortgage – Include the loan amount, lender, interest rate, monthly payment, etc.
• Student loans – List each loan out separately with the balance, interest rate, monthly minimum, lender, loan type, etc.
• Medical debt – Specify the hospital/provider, original amount owed, current balance, interest charges if applicable.
• Any other debts – Make sure to include any bills in collections, payday loans, debts to family and friends, back taxes owed, etc.

Once you have gathered all the details, add up the total amount you currently owe across all debts. Also total the minimum monthly payments. This will give you an idea of how much of your income is going just to keep up with minimums.

Make note of any really high interest rate debts versus lower interest debts. Generally, you’ll want to focus on paying down the high interest debts first while making minimum payments on the lower rate debts. This “debt avalanche” approach helps you reduce the total interest paid over time.

Knowing the full picture of what you owe, the interest rates, and total monthly payments is key to strategizing how to efficiently repay your debts.

Reduce Your Interest Rates

One of the quickest ways to pay off debt faster is to reduce the amount of interest you are paying. High interest rates can really add up, so finding ways to lower them can help you get out of debt quicker.

Contact Your Creditors

Call up each of your creditors and explain your situation. Many may be willing to reduce your interest rates, especially if you have been a long term customer with good standing. Ask about any hardship assistance programs they offer as well. Don’t be afraid to negotiate – the worst they can say is no. Even a 1-2% decrease in your rate can make a big difference over time.

Consider Balance Transfer Offers

For credit card debts, look for low or 0% APR balance transfer offers from other cards. This allows you to move your balances over and avoid interest for 12-18 months typically. Just be sure to pay off the full amount before the intro period ends to avoid deferred interest. Balance transfers work best if you have good credit.

Explore Consolidation Loans

Another option is taking out a debt consolidation loan or personal loan at a lower interest rate to pay off your high-rate debts. This works best for unsecured debts like credit cards. The benefit is you replace multiple payments with just one fixed monthly payment at a lower rate. Be sure to shop around as rates can vary widely.

The key with any of these tactics is to continue making at least the same total monthly payments as before, so more goes to pay down the principal balances. Lower rates help you get out of debt faster.

Cut Spending Wherever Possible

The quickest way to free up more money to pay off debt is to cut back on spending. Look closely at your budget and identify areas where you may be overspending on discretionary purchases. These are wants, not needs, and trimming them can help you find hundreds of dollars each month to put toward debt.

Review monthly budget and trim discretionary spending

Analyze your budget line-by-line and look for any unnecessary expenditures you can eliminate. For example, reduce dining out, entertainment, hobbies, subscriptions, memberships, shopping trips, and impulse purchases. Avoid activities and habits that tempt you to spend. Being more mindful about discretionary purchases could save you $200+ each month.

Downsize housing, vehicles, or other major expenses

Housing, transportation, and insurance tend to be people’s biggest monthly costs. Could you downsize your home, apartment, or car for something less expensive? Even a couple hundred dollars in savings here can make an impact. Review all recurring major bills and shop around for better rates. Changing insurance companies or negotiating bills can yield savings.

Look for ways to save on essentials like groceries and utilities

Get strategic with essential spending categories like groceries, gas, and utilities. Clip coupons, buy generic brands, shop sales cycles, and visit multiple stores to get the best deals. Share streaming service logins with family to cut costs. Turn off lights, adjust the thermostat, and unplug devices to conserve energy. Every dollar saved from necessities can be redirected to pay off debt faster.

Increase Your Income

Boosting your income is one of the most effective ways to pay off debt faster. Here are some strategies to earn more money that you can put towards debt:

Ask for a Raise or Promotion at Work

If you’ve been excelling at your job for awhile, consider asking your boss for a raise. Do some research on average salaries for your role and put together a list of your accomplishments and contributions. Schedule a meeting to make your case for why you deserve higher pay. Aim high but be reasonable – even a small bump of 3-5% can add up over time.

You could also explore getting promoted to a higher position with more responsibility and pay. Take on new projects and skills to make yourself indispensable. When promotion opportunities arise, demonstrate your interest and pitch yourself as ready for the next level.

Get a Side Gig or Freelance Work

Pick up part-time work or freelance gigs to earn extra income on top of your regular job. Take on babysitting, dog walking, tutoring, delivery driving, or whatever fits your schedule and skills. Sign up for TaskRabbit or check gig economy apps like Uber to monetize your free time.

You can also leverage skills like writing, design, programming, consulting, etc. into freelance work. Build out your portfolio and create profiles on Upwork, Fiverr, Freelancer to attract clients. Set hourly rates and stick to them. The extra money from side work really adds up.

Have a Yard Sale or Sell Unneeded Items

Go through your home and look for anything you can sell for quick cash – old electronics, furniture, clothes, books, toys, etc. Have a yard sale or post items on Facebook Marketplace and Craigslist. Take high value items to pawn shops or consignment stores. Declutter your space and make money to pay down debt.

Make Extra Payments

After you’ve met your minimum monthly debt payments, take any extra funds available and apply them towards your highest interest debt. This “debt avalanche” approach is considered one of the fastest and most effective ways to pay off debt as it reduces the total interest you pay over time.

Some strategies for making extra payments:

• Immediately use any windfalls of cash such as tax refunds, bonuses, gift money, inheritance, etc. to make lump sum payments on your debt. Don’t stash extra money in savings until high interest debts are gone!
• If you get paid biweekly, there will be 2 months a year where you get a “third paycheck”. Use these to make an extra debt payment.
• Cut your expenses to free up more money and apply this directly to debt each month. Downsize housing, reduce transportation costs, pause retirement contributions beyond any company match, find cheaper insurance, cancel unused subscriptions and memberships, lower utilities, pause activities for kids. Every dollar saved can go towards debts.
• Pick up a side gig or find ways to earn extra income that is 100% allocated towards debt payments. Uber driving, freelancing, tutoring, dog walking and other flexible jobs can generate hundreds a month you can use to crush debt faster.
• Sell any unused items around your home on Craigslist, eBay or Facebook. Have a garage sale. Returning bottles and cans for deposits can also add up over time. Use all of this to make extra debt payments.

The higher the intensity of payments using these strategies, the faster you can escape the burden of debt and continue toward other financial goals. Remain intensely focused on directing all available resources each month until you’ve wiped your debt out for good!

Avoid New Debt

Getting out of debt requires changing your habits around borrowing money. If you continue to rack up new debt, it will undermine your efforts to pay off what you already owe. Here are some tips to avoid taking on new debt while paying off the old:

• Use cash or debit cards: Using credit cards makes it easy to overspend without realizing it. Switch to cash or debit cards for as many purchases as possible. When you pay with physical money, you feel the impact of purchases more.
• Cut up credit cards: If you know you won’t be able to resist charging on a credit card, cut it up or freeze it in a block of ice. Reduce your access and temptation to charge more.
• Build an emergency fund: Having cash savings for unexpected expenses keeps you from reaching for credit when something comes up. Try to save $500-1000 or more in a dedicated emergency account.
• Just say no to loans: It can be awkward, but say no if friends or family ask to borrow money. Don’t take out loans or financing for any purchases either. Each new debt will distract you from the get-out-of-debt mission.

Staying out of new debt is essential for making progress on existing balances. Live frugally and avoid financing anything until you’re completely debt-free. The short-term sacrifices will pay off tremendously in the long run.

Consider Debt Settlement

If you have unsecured debts like credit cards that you are severely behind on, debt settlement may be an option. With debt settlement, you stop making payments and instead try to negotiate a lower lump-sum payment to settle the debt.

There are two main ways to pursue debt settlement:

Negotiate Directly with Creditors

You can contact creditors directly to negotiate a settlement. Explain your financial hardship and offer a lump-sum payment that is less than the full balance owed. Be prepared to start with an offer of 40-60% of what you owe. The creditor may counter before you reach an agreed upon settlement amount.

Get any settlement details in writing from the creditor before sending your payment. The letter should state that your lump-sum payment settles the debt in full. Keep records of all communications.

Work with a Debt Settlement Company

Debt settlement companies negotiate with creditors on your behalf. They often claim to have better success getting settlements compared to individuals doing it alone.

Research companies thoroughly. Reputable ones are transparent about their fees and services. Fees are typically a percentage of the enrolled debt amount.

Debt settlement programs can last 2-4 years. The company sets aside monthly payments from you in a dedicated account until there is enough to make settlement offers. You stop paying creditors directly.

Make sure all settlement agreements are in writing from creditors before the debt relief company pays them from your account. Legitimate settlements should relieve you of further collection efforts.

Debt settlement can hurt your credit and result in taxable income from debt forgiveness. Consider all options carefully for your situation before committing to this path.

Explore Debt Management Plans

A debt management plan (DMP) can be a good option if you need help managing high-interest credit card bills. DMPs are set up through nonprofit credit counseling agencies. Here’s how they work:

• You make one monthly payment to the credit counseling agency. This payment covers all your debts enrolled in the DMP.
• The agency distributes your payment to each of your creditors per your DMP agreement.
• Creditors may agree to lower your interest rates and waive certain fees when you’re on a DMP. This can make your debts more affordable and easier to pay off.
• You could repay your debts in full in 3-5 years through a DMP. This is often much quicker than trying to tackle it alone.
• Credit counselors can advise you on budgeting and money management as part of the DMP. This can help you avoid falling back into debt.
• Joining a DMP could negatively impact your credit score in the short term but will help in the long run by getting you out of debt.

The key benefit of a DMP is consolidating multiple debts into one payment and having an agency negotiate with your creditors. Make sure to choose an accredited nonprofit agency and clearly understand all fees before enrolling in a DMP. This option may help you escape debt more quickly.

Look Into Bankruptcy as a Last Resort

Bankruptcy should only be considered if your financial situation is truly dire with no realistic path out of overwhelming debts. The two most common bankruptcy options for consumers are Chapter 7 and Chapter 13.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy eliminates most unsecured debts like credit cards, personal loans, medical bills, and utility bills. Any assets not exempt under state law can be liquidated to pay creditors. The bankruptcy stays on your credit report for 10 years.

You can only file Chapter 7 bankruptcy if you pass the “means test” showing your income is under the state median. High income filers have to go through the more complex Chapter 13 bankruptcy.

Chapter 13 Bankruptcy

Chapter 13 bankruptcy allows you to keep property like a house or car while being put on a 3-5 year repayment plan overseen by the bankruptcy court. Your future income pays off creditors according to the payment plan.

At the end of the repayment plan, any remaining unsecured debts are discharged. As with Chapter 7, the bankruptcy stays on your credit report for 10 years.

Chapter 13 can stop foreclosures and wage garnishments while debts are reorganized and paid down over time. You must have regular income to qualify for Chapter 13 bankruptcy.

Consult a Bankruptcy Attorney

Before considering bankruptcy, meet with a qualified bankruptcy attorney in your state to discuss your specific situation. They can provide legal advice on the best bankruptcy chapter and next steps to take if you decide to file.

While bankruptcy can provide much-needed relief, it comes with significant long-term consequences for your credit and finances. Weigh all options carefully first. Bankruptcy should only be a last resort when you have no other way out.

Create a Debt Freedom Plan

The key to successfully getting out of debt is having a solid plan that keeps you focused and motivated. Once you’ve assessed your debts, reduced interest rates, cut spending, and looked at ways to earn more money, it’s time to pull it all together into an actionable plan.

Start by listing out all your debts and their details:

• Credit Card A – $5,000 balance at 15% interest
• Credit Card B – $8,000 balance at 20% interest
• Personal Loan – $12,000 balance at 10% interest over 5 years
• Auto Loan – $15,000 balance at 5% interest over 4 years

Next, document your monthly net income after taxes – let’s say that is $2,500 per month in this example.

Then, create a detailed budget that accounts for essential expenses like:

• Housing – $800
• Utilities – $150
• Transportation – $120
• Food – $400
• Minimum Debt Payments – $500
• Emergency Fund – $100

That leaves $430 per month that can be applied to accelerate debt payoff. Focus first on paying off Credit Card B since it has the highest interest rate. Pay the minimums on all other debts, and put any extra towards Credit Card B.

Projecting this out with an avalanche repayment strategy, you could pay off Credit Card B in 10 months. Then move to Credit Card A which would take another 8 months. The personal loan would take about 18 more months, and the auto loan 12 months after that.

In total, it should be possible to pay off the $40,000 in debt in around 3 years by sticking to this plan. The key is cutting expenses, increasing income when possible, and paying as much as you can towards the highest interest rate debt first. We hope you stay motivated by tracking your progress and reminded yourself of how great it will feel to be debt-free!

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Thankfully, there are options for businesses, or more specifically, for business owners, to help manage this debt so that it doesn’t cause them to close shop. Debt restructuring is the name of this process and it allows for the management of debt through shuffling resources, and even some personal accounts can use these strategies.

Simple forms of debt restructuring are used by individuals as well as businesses. Refinancing is one of these and involves working with the bank or loaning agency to rewrite the terms of the debt-causing deal.

For example, mortgages are common instances of refinancing so that either the individual or the business can obtain a lower interest rate on payments, thus reducing the overall debt. Businesses use this strategy to minimize repayments of loans and mortgages, but can also be restructured through a workout, which is typically mandated by a court or bailed out by another agency.

Another common form of debt restructuring is known as debt-for-equity swap. This is exclusively used for businesses and larger companies trying to minimize or get out of debt. In this process, the company will pay for or cancel out debt by giving their creditors equity in the company rather than simple money. Larger companies have a much easier time of going about this because they have more to offer, but growing companies can offer advantages as well that are appealing to creditors.

While it may sound easy on paper, debt restructuring is a tedious process that involves working with, and sometimes fighting against, crediting agencies to lower the debt of a person or company. When going through such a process, it is immensely helpful to have someone knowledgeable about the process on your side to give you and your business the best chance you can have of getting out of debt and keeping the business stronger than ever.

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While large amounts of debt can seem like a nightmare a person can’t wake from, there is relief for it and no debt case is a hopeless situation. It can be difficult to maneuver out of however, which is why it is always a good idea, if you or someone you know is in a situation like this, to consult with a professional debt advisor.

Much like the legal system, the financial system can be overwhelmingly difficult to navigate, and debt merges the two in a unique way. Sometimes you will need to negotiate with creditors to help refinance sources of debt or grant legal extensions on certain payment types.

One strategy of managing debt is to consolidate all of your debt into a single manageable payment, but this also sometimes takes something savvy in legalities to manage the courts and contracts. Having an advisor who can not only help you determine the best plan for managing the debt that you have, such as using a strategy like debt consolidation, but can also help you go to bat with the crediting agencies is a very useful asset to have.

Even after your debt is resolved, a good debt advisor will also be able to offer you the knowledgable debt advice and tools you need to stay out of debt in the future. He or she will sit down with you and identify the areas in your life where debt is accrued and the habits that allowed the debt to mount up in the first place.

For example, if you charge a cup of coffee every morning to a credit card that leads to a high-interest balance, then the advisor will notice and recommend you brew the coffee at home. Habits like these aren’t always obvious to the individual, so it can be helpful to have an outsider’s perspective on them. Moreover, developing these habits will lead to less or no debt in the future and a happier life overall.

Debt is a major financial stressors for almost all Americans, however it doesn’t necessarily need to be. A strong debt advisor will be able to work with you to help you identify the areas of debt, and how they were accrued, and offer effective strategies for getting out of and staying out of debt forever. If you or someone you know is feeling overwhelmed by debt and need the expertise of a debt advisor, Cain and Daniels can offer the aforementioned services and more.

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However, debt does not have to be a permanent problem and can be managed through a number of means. A good personal debt settlement company will know excellent ways of helping a person get out of and stay out of debt.

One of the first steps in resolving personal debt is to analyze what lead the debt to grow in the first place. Sometimes this is easy and can be pinpointed to a specific event or series of choices. Student loans, for instance, are an easy source of debt that is obvious on paper. On the other hand, habits like credit card charges require a bit more dedication to figure out.

For example, a person may charge a cup of coffee on a credit card each day, not even realizing how much this adds up over the course of a month or a year at which point the card balance is too high to manage on one’s own. By figuring out where the debt is coming from, in these instances, it can be avoided in the future.

Another useful strategy to manage debt is through payment consolidation. This is the act of placing all sources of debt, and their associated payments, into a single bill. Debt consolidation makes is much more manageable for the individual and saves money in interest in the long run.

While this is not for everyone’s situation, it is very helpful for those with debt from multiple sources. Through this process, sometimes the overall payments can be minimized as well, such as in the example of refinancing a car or mortgage.

Personal debt is a staggering problem for many people across the country and world, but it is not an impossible one to resolve to live debt free. At Cain and Daniels, we are willing and able to sit down with you and figure out where your debt is coming from and devise the best strategy to help manage it so that you can be free and in control of your life.

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That is approximately $1,080 a year! If you made your coffee at home you could could save almost 90% of that money you spent on coffee and put it towards getting out of debt. Small changes add up.

Other debt solutions include refinancing, if you own a car or home that you intend to own for a long time, you may be able to refinance and end up with a smaller monthly payment as well as a better interest rate depending on your current credit situation.

Consolidating business debt is another great way to face debt head on. A consolidation company will take all of your debt into consideration and work out the terms and amounts with each creditor. Once they are finished the accounts will no longer be able to be used because you will be in a contract to pay them off.

This is a good idea because you never want to pile on more debt while paying off debt. You will pay the debt consolidation company one amount per month and they will disburse funds to your creditors.

When you need help, Cain and Daniels has 20 years of experience with negotiating and settling debt. We are here to help get you back on track and moving forward. Let us get started on your case today and we will have to you moving forward with paying off debt as soon as possible.

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What is a Judgement Creditor?

A judgment creditor has the ability to get a “writ of execution” from a court to go after personal property. After a sheriff or marshal has seized the property, that property is then auctioned off and the proceeds are applied to the debt owed.

What is a Judgement Debtor?

Judgment debtors are the person, organization, or business which has had a judgment inflicted upon them.

What is a Judgement Order?

After an order is inflicted, a judgment creditor can ask for enforcement orders to make a judgment debtor fulfill their debt owed. Once the court has signed off on a judgment order, your debt plus costs and interest becomes a judgment debt.

Why Choose Cain & Daniels, Inc.?

Cain & Daniels, Inc. is one of the few major firms that specializes in commercial debt settlement. We are not lawyers. We are not a collection agency. We are a third party representative company that helps your business to navigate the complicated waters of arbitration, negotiation, and judgment debt settling. Cain & Daniels, Inc. never charges a retainer, a case set-up fee, or a payment processing fee. In fact, we’re so sure of your business’ satisfaction that we let you know your judgment settlement amount before you hire us to negotiate with your judgment creditors.

Cain & Daniels, Inc. are members of the Commercial Law League of America and are in Excellent Standing with BBB and zero complaints. We have settled over 10,000 cases in our 20 years of business and many of our clients come back time and again because of the quality of our services.

Sandra & Richard T. of Ball Bearings Co. in Philadelphia, PA have saved over $87,000 by choosing Cain & Daniels, Inc. for their lawsuits and judgment settlements. Ron Weiss, V.P. of IWT Services has come back to Cain & Daniels, Inc. for 6 different settlement cases, because of our firm belief in making sure our clients get the best settlement available.

Cain & Daniels, Inc. objective is to reduce your business’ debts with or without pending legal actions, by settling your debt quickly and without going to court.

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This means the amount of debt you will end up paying will be even higher than what you owe now. If you are unable to pay the judgment or make payment arrangements in court further legal action is usually the route the court will take. Depending on the state you live in the court may garnish wages, go after bank accounts or seize any of your assets in order to settle the debt.

Judgments show up negatively on a credit report. The amount of money owed will have a negative impact for the duration of the payments and will continue to impact a credit score for seven years after the debt has been paid in full.

After seven years has gone by the judgment will be removed from your credit report. Negative marks on a credit report can make it hard to get a loan for a new car,  mortgage a house, or even get a credit card. If you are able to obtain a loan with a lower credit score it will have a high interest rate and unfavorable monthly payments. It is best to keep your credit score high to avoid overpaying for anything you may need a loan for.

It is always best to avoid court, and get debt paid before any legal action begins to take place. Cain and Daniels works with your credit to either reduce debt or create a way to pay the debt back over time, while keeping you in business. In some cases we have been able to both negotiate the amounts to be paid back as well as an affordable payments plan. Even if you already have a lawsuit waiting, we can help before you ever see the courtroom. The best plan is to always avoid a battle in court.

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