Hire a Debt Settlement Attorney
As opposed to engaging a debt settlement company you should seriously consider engaging the services of a licensed attorney.
- Following are some of the reasons:
- You can get low cost, risk free, professional debt negotiation and settlement. You can get this service at a cost you can afford.
- Get the best debt negotiation and debt settlement services available through a skilled, qualified, experienced, licensed attorney who is licensed and who practices law in your state.
- By hiring an attorney you will enjoy an Attorney-client relationship. This means that you are entitled to complete fidelity, confidentiality, fairness, and an obligation by the attorney to always represent your best interest.
- Attorneys are strictly regulated by Federal and State law, Bar Associations, and by stringent Professional Codes of Ethics and Conduct.
- You will get full disclosure, no surprises, no hidden fees or costs, no up-front fees or retainer fees. You can work with your attorney to set up an attorney fee payment plan which can be paid monthly over a period time.
- By using an attorney you will enjoy the protections set out in the Federal Fair Debt Collection Practices Act (FDCP), 15, USC 1692, et seq. some of which are not afforded if you are represented by a debt settlement company.
- Some credit card companies, bill collectors, and creditor attorneys will not deal with a representative of a debt settlement company but will deal with a licensed attorney.
- As a licensed professional an attorney usually has more leverage in dealing with credit card creditors, bill collectors, and credit card attorneys than do representatives of debt settlement companies.
- You will deposit and keep your debt settlement funds in your bank account of which only you will have access. At all times these funds remain under your ownership and control. Only you can withdraw any of these funds.
- Your attorney will only settle an account only after you have agreed in writing to the settlement. The decision to settle or not to settle or settle for a specific amount is entirely up to you.
- You will always have access to your attorney. Your attorney will be available to answer your questions, will keep you advised of the status of the debt settlement process, and address any comments you may have.
- Your accounts will be negotiated and settled by your attorney and no one else.
- Your attorney will make sure that all “Settlement Letters” and “Payoff Letters” accurately reflect the settlement agreement and the payoff that was made.
- Since your attorney is licensed and is practicing law in your state you will get the benefit of getting advise from someone who is well versed in the laws of your state. This fact is of no small consequence.
Contrary to what most debt settlement company representatives will tell you, once you stop paying your monthly credit card obligations, it is quite likely your account will eventually be turned over to a debt collection attorney. You are much better served to have an experienced licensed attorney dealing attorney to attorney on an equal basis rather than being represented by a “representative” of a debt settlement company. With the latter there is no contest.
If and when a collection suit has been filled against you, your attorney will provide you with services that a debt settlement company cannot provide. As a matter of fact, when suit is filed against you and you are represented by a debt settlement Company you will be left on your own to fend for yourself! These companies cannot give you legal advice and if they did it most likely would not be advise upon which you would want to rely. They cannot represent you in court proceedings, nor can they prepare or file any court document pleadings. They cannot advise you or in any way assist you with post judgment proceedings. It will be completely up to you in dealing with possible Garnishments, Levies, Post Judgment Liens, etc. Post collection procedures can be harsh.
The services your attorney will provide includes, but is not limited to the following:
1. Negotiating and settling your credit card accounts.
2. Standing between you and your creditors, bill collectors, and account collection attorneys.
3. Relieving you of having to take all creditor telephone calls.
4. Making sure that you are not called at your place of employment.
5. Advising you of your legal rights and obligations.
6. Advising you regarding any court procedure.
7. Representing you in court as your attorney which will include preparing and filing all necessary documents and pleading such as “Summons”, “Entry of Appearance” “Answers” “Replys”, “Motions”, as well as, responding to “Discovery” and “Document Production” request including “Subpoenas” and “Subpena Duces Tecums” etc.
8. Advising you and representing you on all post judgment procedures such as “Garnishment” of wages, “Garnishment” of bank and saving accounts, “Levies”, effects of “Judgment Liens”, “Asset Discovery” hearings, etc.
9. Advising you as to possible affects of all collection procedures including “Judgment Liens” as they affect any real estate such as your home, non-homestead property, savings accounts, retirement accounts, 401-K accounts, etc.
10. Making absolutely sure your rights are protected and that all documents are accurate, correct, and legal.
YOUR FINANCIAL WELL BEING AND YOUR FINANCIAL FUTURE IS MUCH TOO IMPORTANT TO LEAVE IN THE HANDS OF A DEBT SETTLEMENT COMPANY
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