What is Debt Settlement?
Debt Settlement is an aggressive approach to unsecured debt reduction, which is appropriate for debtors with a serious amount of unsecured debt or those who are considering bankruptcy. Unsecured Debt is debt that is not attached to any collateral. Typically, credit card debts, department store credit card debts, medical bills, and repossessions are unsecured debts. All these types of unsecured debts can be reduced through the debt settlement process.
Debt Settlement is a way to get out of debt in a relatively short amount of time, and with the least amount of money without filing for bankruptcy.
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How does our program work?
We are an actual law firm handling your account, as opposed to other non-attorney based companies. Our firm will do an in depth budget and hardship analysis. Based on the results of this analysis, the firm will determine what you are able to pay each month and you will deposit that amount into your third party FDIC insured money transmitters account.
In addition, we can determine how many months you will be part of the program, and ultimately be debt free.
Typical results are 24 to 36 months, but every client's financial situation is different and thus the term and amount of monthly payments are evaluated on a case by case basis. While the negotiation process is taking place, you will be making monthly payments into your third party FDIC money transmitters account, instead of making any payments to your creditors. These funds will be used for future negotiations and debt settlement on your behalf. During this process your credit WILL be adversely affected. However, by avoiding bankruptcy and after completion of our program you will be on the road to a credit worthy future.
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After you join our program by signing our firm's retainer agreement, one of our service representative will contact you to welcome you into the program. At that time we will send out your Welcome Packet that includes all the vital information about what to do while on our program. After sufficient savings have built up in your savings account, we then begin to call your creditors to workout a debt reduction plan in hopes to reach an agreement. Once an agreement has been reached, we will obtain that settlement offer in writing. Once the written settlement offer is received, we will contact the third party FDIC insured money transmitter firm where you are sending your monthly payments and request a payment be sent via overnight or wire transfer to the creditor for the agreed upon amount. This process will continue until all your creditors are paid off, and you are debt free!Our main goal is to protect your rights as a consumer, and to help you attain your dream of being debt free, financially secure, and in control of your own finances. We take pride in improving your quality of life and providing you with the chance to start over.
What are the BENEFITS OF USING OUR LAW FIRM?
You will retain the services and industry experience of our well respected law firm to settle these accounts.
Certain creditors require a consumer's attorney to negotiate and settle the account.
Only legal counsel can stop collections calls and put an end to creditor harassment.
According to the Fair Debt Collection Protections Act, only an attorney can stop collection calls through the use of a cease and desist letter.
Only an attorney can challenge the validity of a debt. Debts that may be unfair or improperly applied may be challenged and possibly dropped.
Our law firm deals directly with your creditors legal department, where many other non-attorney companies deal with the collections department whose job it is to get as much money from you as possible.
The contract is a legal retainer, not a baseless contract from a non-attorney company.
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