If you are looking for a debt settlement lawyer, here are some tips to guide you in your search. Debt settlement is the process of negotiating with creditors to reduce your debt while reporting it settled with credit report agencies. This allows you to reduce your debt and save your credit. It is often
It's important to avoid debt settlement fraud when searching out a company to work on your behalf. Unscrupulous types are taking advantage of people at a low moment in their life and walking away with their hard earned money. It is most definitely an illegal activity, yet it persists even with the threat
Many banks have offered consumers extended time to repay their debt, and even lowered interest rates in some cases. But the solution which has caused many to wonder if it could possibly be legal is that of a debt settlement. ALTERNATIVE TO BANKRUPTCY Most consumers who find themselves in over their heads
When a consumer is challenged with too much debt, there are primarily three strategies that can be pursued. Each strategy has its pros and cons. The multiple options available to consolidate or eliminate debts can...
If you are unable to manage your debts and you want to negotiate with your lenders to settle for less than the full balance, then you may be considering working with either a debt management program or with debt settlement lawyers. If you find yourself in this situation, it can be hard to know who to
There is a lot of discussion about the concept of debt settlement, and there are even firms and companies that market themselves as debt settlement firms. In reality, before you get into the process of debt settlement, you need to understand what you are getting into. You also need to understand what
Being sued for unpaid debt can be frightening. However, it is essential to respond when you receive a summons that informs you that you are being sued. If you fail to respond, the court may issue a default judgment and you will lose the opportunity to defend yourself against your creditor’s lawsuit.
Drafting an effective debt settlement letter is an effective option for a debtor who needs to reduce his or her outstanding debt. The letter is basically an offer to re-negotiate terms of the consumer/debtor's obligations that will allow him or her to pay the balance due. The letter usually requests
Both private and public businesses are charged with the responsibility to render services and provide goods in a way that satisfies customers. When payment is not received, a business has recourse against its clients under the law to pursue...
Sometimes, bringing a lawsuit against debtors can spur negotiations and allow a creditor to collect debt that would otherwise be unrecoverable. When a debtor is unwilling to pay, creditors have limited options available to them. Debt settlement lawsuit can sometimes be the only way to collect...
Unfortunately, credit card judgment have long lasting consequences. For instance, a credit card judgment can tank your credit rating and stay on your credit report for approximately seven years. This means that the judgment will make it harder to rent an apartment or buy a home in the future. In addition,
Being sued for serious debt is a serious business. Many times, lenders, like credit card companies, will threaten to sue you for outstanding debt, but very rarely do because of the time and expense associated with such lawsuits. Nevertheless, credit card companies can, and do, sue for debts owed to
I owe around $20,000 to the IRS for underpaying income taxes for three years. I was self-employed and didn’t understand how to figure out exactly what I owed. Is it possible to settle with the IRS, or am I going to have to pay the full amount?
I’m self-employed, so I didn’t have health insurance when I was in an automobile accident. Months and several operations later, I owe over $250,000 in medical bills, but I only make $70,000 per year. What can I do? The collections...