If you have income but can no longer afford to make the minimum payments on your unsecured debt — credit card bills, medical bills, apartment leases, cell phone bills, utilities — your debt may be a good candidate for debt negotiation/debt settlement. Creditors may agree to accept less than the full amount of your debt under certain circumstances, particularly if you are experiencing financial stress. Although not required, you can fare better in a settlement when you employ the services of an experienced debt relief law firm.
Here are some of the advantages to having a debt relief law firm conduct your settlements:
Protection from collection lawsuits
Some debt repayment plans, such as credit counseling, may leave you vulnerable to litigation involved with debt collections should you fail to meet your obligations or at any other time during the process.
Payment of less than the balance you owe
Partial payments on your total debt – you could end up paying more on your debt if you try to negotiate on your own or without an experienced attorney. A debt negotiation/ debt settlement attorney can finalize a reduction of up to 60 cents on the dollar or less for your repayment. In addition, the settlement can include removing your payment obligations associated with late fees and interest rates. Through this process, you can save a significant amount of money and reduce your stress level.
Protection from debt settlement scams
Unfortunately, some companies that offer debt relief services are really crooks out to take your money. The Federal Trade Commission reminds consumers that it is illegal for companies to demand fees in advance for debt settlement services. You don’t have to worry about falling victim to a well-organized scam if you retain the services of a competent lawyer.
Contact A1 Debt Solutions, for honest and successful settlement services. After your free your consultation, our experienced debt counselors can help you resolve your problems.
Choose a path that will lead you to FINANCIAL FREEDOM
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