Credit Card Debt Relief
Debt Settlement or Debt Negotiation, as it is sometimes called when performed by someone who is experienced, qualified and professional, is a process that is highly effective and completely legal. It is a process where in you the debtor can get your credit card and other unsecured debts settled and paid for sum that is less than the outstanding balance.
Rather than paying credit card companies for years and years, attorney debt settlement can provide you with an opportunity to be debt free in months rather than years.
Attorney debt settlement is not for everyone, nor will everyone be accepted. Upon your inquiry a decision will be made regarding your suitability to become a client.
The primary factors in determining your suitability to become a debt settlement client that will be considered by your prospective debt relief attorney and that you should consider are as follows:
1. You must have at least $25,000.00 in unsecured debt.
2. You must be suffering a legitimate financial hardship.
3. You must have the financial ability to make monthly payments and deposits
that are less than you are making for debt service to the credit card companies.
4. You can make monthly payments and deposits that will assure that your debts can be settled in a reasonable amount of time.
5. You have explored other options and have determined that debt settlement is best suited for you.
6. You have the resolve to work with your debt negotiation attorney until all of your debts are settled.
7. You understand and accept the negative consequence associated with debt settlement.
8. You have the ability and discipline to make all monthly deposits in your debt settlement bank account.
Consumer debts that qualify for attorney debt negotiation and debt settlement are as follows:
l. All credit card accounts.
2. Accounts in collection even if they have been turned over to an attorney for collection.
3. Medical and other bills.
4. Unsecured bank and credit union accounts.
5. Most other accounts not backed by a mortgage or other security.
Student loans, foreclosures, as well as, state and federal taxes are not acceptable.
Your prospective debt relief attorney will advise you as to which accounts can be included.
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